insPRESS
Lori Festarini, B.Sc., P.Geo., has been appointed environmental leader for Crawford & Company (Canada) Inc.’s Global Technical Services (GTS) division. Reporting to Paul Hancock, national director, GTS, Festarini will work with other adjusters and clients to assist with environmental losses. Festarini has 21 years of experience in environmental consulting and geoscience. She has managed numerous […]
By Crawford & Company (Canada) Inc. | May 7, 2012
2 min read
Industry
Swiss Re rebounded nicely from a loss of US$665 million in 2011 Q1 to a gain of $1.1 billion in 2012 Q1, results that seem to auger well for the company’s 2011-15 plan. “We aim to capture the opportunities we see arising from the hardening of the property and casualty reinsurance market, strong economic growth […]
By Canadian Underwriter | May 4, 2012
1 min read
EGI Financial Holdings Inc. has acquired CUISA Managing General Agency. Based in B.C., CUISA MGA provides insurance services to 160 credit union-owned insurance broker offices across the province. By gaining access to distribution through credit unions, the acquisition means EGI gains a foothold in Western Canada and a marketing and service office. “Equally important, it’s […]
Claims
EQECAT has released an earthquake model for catastrophic risk that uses three-dimensional representation of seismic source geometry to capture Japan’s unique seismic settings. Incorporated into EQECAT’s global multi-peril platform, the Japan model offers region-specific innovations in both hazard and vulnerability. Key aspects include region-specific hazard definition, time-dependent recurrence rates, model validation/expert review, rational approach to […]
New Brunswick’s Consumer Advocate for Insurance is advocating for its own existence, resisting a recommendation in a July 2011 report to fold the office into a larger public utilities framework. The office was established in 2005 “not only as one of the reforms to deal with the auto insurance crisis prevailing at that time, but […]
Severe weather damage in the United States in April 2012 resulted in at least 105,000 claims and insurance payments exceeding $650 million, notes an Aon-Benfield report. In its April 2012 Global Catastrophe Recap, Aon Benfield references a major severe weather outbreak that swept across the central United States in April 2012, killing at least six […]
More than 50 CARSTAR insurance partners attended a Paintless Dent Repair (PDR) estimating and techniques training seminar in April at CARSTAR’s corporate head office and training facility, CARSTAR Vision Park in Hamilton, Ontario. The three-hour course provided attendees both classroom and hands-on experience in paintless dent repair estimating and techniques. PDR students who successfully completed the […]
BERKLEY, Mich., May 2012 — CRDN, an international organization of textile restoration experts serving the insurance industry, has introduced a new corporate brand image, along with publicly launching its redesigned website and new mobile phone app. CRDN has officially adopted its common-use acronym as the company’s primary brand identity, announced CRDN CEO Wayne Wudyka. In […]
By Canadian Underwriter magazine | May 4, 2012
4 min read
The Insurance Corporation of British Columbia (ICBC), the Province of B.C. and police have launched a new initiative meant to put the brakes on intersection collisions, which represent about six of every 10 crashes in the province. Given 241 intersection collisions each day, in addition to an annual injury toll of approximately 51,000, the high-risk […]
By Canadian Underwriter | May 3, 2012
Co-operators General Insurance Company (Co-operators General) reported its 2012 Q1 profit increased to $66.5 million from $25.8 million during the same period last year. “Earnings in the first quarter were positively impacted by favourable claims results from the Ontario auto insurance market and the mild winter, which reduced the number of weather-related claims,” said Kathy […]
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