Experts say oil production is set to decline
May 30, 2005 by Canadian UnderwriterExperts in the petroleum and oil sector predict the world’s oil production will peak and begin to decline as early as this year, according to the Associated Press (AP). Princeton University geologist Kenneth S. Deffeyes told AP that he anticipates…
The Politics of Leasing
March 1, 2005 Glenn McGillivrayIn the United States, yet another deep pocket has been found to finance third-party automobile injury claims. Is the trend beginning here?
What’s new: In brief (February 15, 2005)
February 15, 2005 by Canadian UnderwriterThe Co-operators has teamed up with the Infant & Toddler Safety Association (ITSA) and the Ontario Ministry of Transportation to produce a “Booster Seat Guide” and DVD to educate the public on the use of child booster seats in vehicles.…
Marsh finds financial/HR threats keeping business owners up at night
February 9, 2005 by Canadian UnderwriterIn its “2004 Marsh Canada Corporate Risk Review”, the broker finds several key threats are front-of-mind for small and medium-sized businesses, and these threats go well beyond traditional property hazards.In a survey of organizations from a variety of industries where…
Mega Brokerage Results From Merger
January 1, 2005 by Canadian UnderwriterThe merger of Toronto’s Jones DesLauriers & Firman (JDF) and Insurance Management Inc. (IMI) will create one of Canada’s largest privately-held insurance brokerages. The two brokerages announced recently that they will join forces to create a new incorporated company writing…
New company formed as brokerages merge
December 23, 2004 by Canadian UnderwriterThe merger of Toronto’s Jones DesLauriers & Firman (JDF) and Insurance Management Inc. (IMI) will create one of Canada’s largest privately-held insurance brokerages.The two brokerages announced this week that they will join forces to create a new incorporated company writing…
Auto Choice – Clarity or Confusion?
December 1, 2004 by Canadian UnderwriterAuto insurance regulators and product distributors are increasingly in favor of introducing customization into what has been a traditionally standard offering. Choice, however, implies a clear set of options and a knowledgeable consumer. Will Ontario’s experiment provide meaningful and transparent choice in auto insurance coverage?
York Region police uncover $2 million auto theft ring
August 29, 2004 by Canadian UnderwriterPolice in Ontario’s York Region have laid 130 criminal charges against five men after recovering stolen vehicles worth more than $2 million.The charges followed a 16-month investigation dubbed “Project Romeo” which led to the recovery of over 50 luxury vehicles…
Ontario Liberals release “customized” auto policy plans
August 9, 2004 by Canadian UnderwriterThe Ontario Liberal government has released a discussion paper outlining its plans for a new auto insurance system which would include “customized coverages” for accident benefits (AB).The Ministry of Finance has posted the discussion paper on its website and is…
Liquor Liability: Brother’s Keeper
August 1, 2004 Sean van Zyl, EditorWhile the pricing, terms and availability of commercial liability coverage in the Canadian marketplace are easing as insurers have found the “right price” after two years of an intense hard market, taverns and other commercial entertainment hosts engaged in the selling of alcohol continue to suffer from tough insurance conditions. And, with recent legal decisions suggesting that the courts may be willing to broaden the scope of liability relating to alcohol abuse to include employers and even “social hosts”, insurers are less than keen to increase their exposure to the vagaries of the tort system.
Ontario Liberals Release “Customized” Auto Plans
August 1, 2004 by Canadian UnderwriterThe Ontario Liberal government has released a discussion paper outlining its plans for a new auto insurance system including “customized coverages” for accident benefits (AB). The Ministry of Finance has posted the discussion paper on its website and is asking…
Western Financial buys two Alberta brokerages
July 5, 2004 by Canadian UnderwriterWestern Financial Group has picked up two new Alberta brokerages, bringing the total number of offices in the WFG Agency Network to 55.Page Insurance Ltd. of Drumheller, Alberta and Bru Agencies Ltd in Hanna, join WFG, with Ray Page and…