Industry
Toronto’s Kingsway Financial Services Inc. announced a restructuring of its insurance services and insurance underwriting segments on Sept. 17. Bradley Diericx will join Kingsway as executive vice president in its insurance services business. Diericx most recently worked as a partner and leader of the Midwest practice at Johnson Lambert LLP, an insurance-focused CPA firm. He […]
By Canadian Underwriter | September 17, 2012
2 min read
insPRESS
The 2012 version of the Canadian Cancer Society’s Relay For Life featured the largest-ever number of insurance industry participants. The Relay is a tribute to the lives of loved ones who have been touched by cancer. Teams of 10 people took part in the 12-hour, overnight, non-competitive relay, taking turns walking, running or strolling around […]
By WICC (Women In Insurance Cancer Crusade) | September 15, 2012
1 min read
Several commentators have noted single-digit increases in commercial insurance lines, hovering between 4% and 7% in most areas of business. While the premium tightening is widespread, there are few signs of a full hardening of the market, according to New York-based investment bank Keefe, Bruyette & Woods (KBW) Inc. “The rate environment does continue to […]
By Canadian Underwriter | September 14, 2012
More than half of European companies (54%) responding to an insurer survey believe that doing international business has become more risky over the last five years, and 95% say their own company has become more concerned about multinational and export risk over the same period, according to research published by ACE Group. The survey, which […]
A.M. Best Company’s managing senior financial analyst Greg Williams and Jackie Catrino Lentz, senior financial analyst, explore how the property segment of the Canada P/C industry is lagging behind the auto segment [Video]: http://www.ambest.com
By A.M. Best Co. | September 14, 2012
Robert Moreau of Assumption Life says at ‘A.M. Best Insurance Market Briefing – Canada’ event, held in Toronto on September 6, 2012, that sustained low interest rates led to a decision to pull back on some products with long-term guarantees [Video]: http://www.ambest.com
Claims
The New Brunswick government announced a total of $2.85 million in immediate and interim flood mitigation measures for the Perth-Andover region in the western part of the province. The measures follow the release of a mitigation study and are part of the provincial government’s plan to help the communities and residents of both the Village […]
The Independent Broker Resources Inc. (IBRI) has released a smartphone app for brokers, called the Insurance Companion. The app is available for Android, iPhone and Blackberry operating systems and will allow an insurance brokerage to have its own branded mobile app for their clients. It provides access to brokerage contact details and will allow customers […]
Risk Management Solutions (RMS) estimates that U.S. insured losses from Hurricane Isaac’s wind and surge impacts on the U.S. Gulf Coast will be between US$1 billion and US$2 billion. Those figures exclude rainfall-driven flood losses and all National Flood Insurance Program losses. The estimate does include the possibility of a small amount of loss from […]
By Canadian Underwriter | September 13, 2012
Just over half of U.S. drivers killed in automobile accidents had drugs or alcohol in their systems at the time of the crash, according to a new study from Columbia University. Alcohol was the most common substance detected, followed by marijuana and stimulants, such as amphetamines. While alcohol or drugs were a factor in 57% […]
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