The Thorn in Auto’s Long Tail
July 1, 2006 Craig HarrisReinsurers are noticing the impact of long-tail catastrophic auto injury claims on their excess of loss business.
Kingsway financial strength reaffirmed
June 14, 2006 by Canadian UnderwriterStandard & Poors (“S&P”) has reaffirmed the ‘BBB-‘ long-term counterparty credit and senior unsecured debt ratings of Kingsway Financial Services Inc. (TSX:KFS, NYSE:KFS).The ratings agency also affirmed the rating of Kingsway’s U.S. holding company, Kingsway America Inc. The outlook is…
Canada sees first highway safety corridor
June 12, 2006 by Canadian UnderwriterWorksafe BC and the trucking industry recently launched Canada’s first highway safety corridor, Fraser Canyon Highway Safety Corridor.The 192km corridor in Fraser Canyon, from Hope to Cache Creek, is set to represent a target for a new driver education program…
Truckers call for better enforcement against speeding trucks
April 1, 2006 by Canadian UnderwriterThe Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law enforcing the…
Speeding trucks slow within Canadian borders
March 14, 2006 by Canadian UnderwriterThe Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The Alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law making it…
Silvy Wright appointed new Markel president
October 28, 2005 by Canadian UnderwriterMarkel Insurance Company of Canada today announced the appointment of Silvy Wright as president, effective January 1, 2006. Wright will take over from the current president, Mark Ram, who will become president and CEO of Markel’s parent company, Northbridge Financial,…
Kingsway grows in Q2 (August 04, 2005)
August 4, 2005 by Canadian UnderwriterKingsway Financial Services Inc. financial results for the second quarter and six months ended June 30, 2005 indicate that the Company’s net income increased 10% to $36.7 million compared to $33.3 million in the second quarter of 2004. The Company…
Digging Deeper Into Oil Spills
August 1, 2005 Bert Wood, president, ESRSGreater environmental awareness, tighter regulatory standards and pressure from banks and lending institutions on real estate transactions mean that risk managers and homeowners must pay close attention to oil spills, contamination and proper remediation. The alternatives can be financially disastrous.
Kingsway grows in Q2 (August 01, 2005)
August 1, 2005 by Canadian UnderwriterKingsway Financial Services Inc. financial results for the second quarter and six months ended June 30, 2005 indicate that the Company’s net income increased 10% to $36.7 million compared to $33.3 million in the second quarter of 2004. The Company…
Truckers driving hours investigated in RCMP officers death
July 8, 2005 by Canadian UnderwriterThe recent accident which left an RCMP officer dead after a truck driver hit his parked cruiser; has raised concerns regarding the amount of time truckers are behind the wheel and the number of trips they take without hiatus. Preliminary…
Trucker strike costs West coast millions
June 28, 2005 by Canadian UnderwriterThe recent eruption of a Vancouver-based trucking dispute has stalled close to half of container traffic that flows in and out of the Port of Vancouver. According to a port official, this is a pricey spat that poses a price…
What’s New: In brief (June 22, 2005)
June 22, 2005 by Canadian UnderwriterMarkel Insurance Co. of Canada recently introduced a new program to provide legal aid to Canadian truckers violating U.S. hours of service rules and other transport laws.The program Market LEGALink consists of a database of trucking-savvy U.S. attorneys who are…