Industry
The Office of the Superintendent of Financial Institutions (OSFI) has announced it is proposing a guideline for Own Risk and Solvency Assessments (ORSA) for federally-regulated property and casualty and life insurance firms. OSFI also announced Dec. 21 proposed amendments to its current Guideline A-4, which is its Internal Target Capital Ratio for Insured Companies. If […]
By Canadian Underwriter | January 2, 2013
2 min read
The formation of new partnerships and the need for a national accreditation system that identifies top body shops, perhaps rewarding them with a better door rate, are among the issues potentially on the Canadian Collision Industry Forum's radar this year.
December 31, 2012
5 min read
Winter weather is here and so is the debate over whether or not a lack of winter tire use is causing collisions. To go beyond generalizations, detailed information is essential to properly understand the effect that winter tire use would have had in a given collision.
By Mark Fabbroni, Forensic Engineer, Giffin Koerth | December 31, 2012
6 min read
Is self-regulation for the Ontario towing industry a non-starter? Despite previous failed attempts to get a system rolling, the Ontario Automobile Insurance Anti-Fraud Task Force has recommended trying one more time.
By Willie Handler, Consultant, Willie Handler and Associates | December 31, 2012
Some insurance companies have adopted auto parts procurement programs with the intent of getting cars back on the road more quickly. Many repair shops say these are simply "wolves in sheep's clothing" that will leach profits and put added pressure on an already hard-hit sector.
By Craig Harris, Freelance Writer | December 31, 2012
EGI Financial Holdings Inc. of Mississauga, Ont. announced Thursday the new chairman of its board of directors will be Robert Purves, chairman of Purves Redmond Ltd. In a press release, EGI said Paul Little, president of Westover Investments Inc., is retiring as EGI chairman but will still be a director. The board changes take effect […]
By Canadian Underwriter | December 21, 2012
ACE Ltd.’s insurance retail division announced this week it published a white paper on the risks faced by operators of renewable energy plants. Renewable energy includes electricity produced by sources such as solar, wind, water, biomass and geothermal. “Operations can range from relatively modest biodiesel plants to massive waste-to-energy facilities,” wrote Darren Small, vice president […]
The Insurance Corporation of British Columbia (ICBC), Kelowna RCMP and crime prevention volunteers have partnered to equip owners of certain older- model cars with a means to theft-proof their vehicles. As part of Operation Lock Up, which kicked into gear December 18, residents of Kelowna and West Kelowna can obtain free steering wheel locks to […]
Reinsurance company SCOR announced the launch of the SCOR Corporate Foundation for Science this week, a new initiative to support various scientific projects. “The SCOR Corporate Foundation for Science will lend its support to various different kinds of project, within the framework of its orientations and means, but in principle with no limitations in terms […]
Aviva plc announced Friday that it has agreed to sell Aviva USA Corp., its U.S. life and annuities business and related asset management operation, to Athene Holding Ltd., for $1.8 billion. “The transaction represents significant further progress in narrowing the group’s focus on businesses and markets where viva enjoys leadership positions and is able to […]
1 min read
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