Archive for November, 2010

1

Risk managers becoming more important across their organization

By on Nov 08, 2010 in Risk Management

Risk managers are becoming more visible and active across their organizations and are wielding greater influence on strategic decisions, according to a senior executive at Marsh, the world’s leading insurance broker and risk advisor. Addressing the Asociación Latinoamericana de Administradores de Riesgos y Seguros (ALARYS) Latin America Risk Management Conference in Bermuda, Alex Moczarski, President [...]

0

Co-operators insurance Q3 loss $11.5M on Ontario auto claims, storms elsewhere

By on Nov 08, 2010 in Financial Reports

Persistently higher auto accident claims in the Toronto area and storms in both the East and West of Canada contributed to an $11.5-million loss for Co-operators General Insurance Co. in the third quarter. The Guelph, Ont.-based firm reported a loss per share of 74 cents for the quarter compared to a loss of $16.1 million [...]

1

Zurich Spill Reporting Online System available in Canada

By on Nov 08, 2010 in Canadian Insurance, Company News

Just in time for treacherous winter road conditions, Zurich’s Canadian customers can now access the company’s Spill Reporting Online System. The online service assists companies with the cleanup of spills if any company vehicle is involved in an accident that requires emergency environmental spill clean-up. The Spill Reporting Online System was first launched in the [...]

0

Will Ontario Liberals suffer same fate as B.C. Premier Gordon Campbell over HST?

By on Nov 08, 2010 in Canadian Government

It’s the monster that slayed premiers in Saskatchewan and British Columbia, a creature so abhorrent to voters that few western politicians would dare utter its name. So why has the harmonized sales tax, which riled up so many in B.C., failed to topple the Ontario Liberals? Opposition leaders predict Premier Dalton McGuinty will eventually suffer [...]

0

Featured insurance job – November 8 to 12

By on Nov 07, 2010 in ILScorp Insider

Looking for: North American Sales Officer – New York, NY / Boston, MA This global service provider is looking for a dynamic sales executive to lead their sales team and North American growth strategy.  This international power house provides restoration services, disaster recovery and other services to commercial insurance customers. You will have an established [...]

2

New N.B. premier follows through on promise to review $2,500 injury cap

By on Nov 05, 2010 in Injury Cap

New Brunswick’s new Conservative government is taking a promised second look at the province’s $2,500 cap on soft-tissue awards for accident victims. Premier David Alward has ordered a working group to ensure that current legislation governing awards to those hurt in traffic accidents “is fair and reasonable. He says the goal is to ensure the [...]

0

A degree of regret

By on Nov 05, 2010 in Post Script

I still vividly remember the day I received a letter of acceptance from my first choice of universities, congratulating me on gaining entry into my first choice of undergraduate programs. I was a keen-to-learn 17 year old, ready to tackle the world head on. And I did. After four years of early morning classes and [...]

1

Former college football player sues Lloyd’s over insurance policy

By on Nov 05, 2010 in Legal Issues, Sports

A former Louisiana State University offensive linesman is suing Lloyd’s of London, claiming that the underwriters did not pay on an insurance policy he had purchased before a career-ending injury. Ciron Black said he was projected as a first-round NFL pick before the 2009 season. He suffered a knee injury in a game on November [...]

1

Economist survey shows Canadian real estate overvalued by 23.9 per cent

By on Nov 05, 2010 in Canadian Economy, Real Estate

The Economist magazine’s latest survey of global home prices claims that Canadian real estate is overvalued by 23.9 per cent. The Economist determines fair value by comparing the current ratio of house prices to rent with the long-term average. By that measure, Australia led the way among the overvalued markets, with homes 63.2 per cent [...]

1

North American pet insurance market continues to grow

By on Nov 05, 2010 in Animals and Pets

The North American revenues of pet insurance reached $354 million in 2009, up 14% from $310 million in 2008, as the market continues to chart what is forecast to be double-digit annual increases through the next five years, according to Pet Insurance in North America, 4th Edition by market research publisher Packaged Facts. Sales of [...]

2

Brokers say insurance companies should not use credit scores to set premiums

By on Nov 04, 2010 in Canadian Insurance

Ontario’s insurance brokers want the government to outlaw the use of credit scores to set home insurance premiums. The Insurance Brokers Association of Ontario says about half of the big insurance companies are using credit scores instead of just risk assessment to set premiums or even to deny coverage. Spokesman Bryan Yetman says the province [...]

1

CAA online tool lets drivers compare eco friendly cars

By on Nov 04, 2010 in Auto & Trucking, Green

A new web-based tool released today by the Canadian Automobile Association allows consumers to easily compare the price, fuel economy and environmental impact of new vehicles, so they can make a more informed purchasing decision. “We know Canadians care about the environment, but that the cost of more environmentally-friendly vehicles is also a concern,” said [...]

0

In their next move, Canadian boomers plan to downsize

By on Nov 04, 2010 in Real Estate, Trends

For their next move, Canadian boomers are looking to downsize to smaller homes. According to the TD Canada Trust Boomer Buyers Report, four-in-five Canadian boomers say their next move will be to a smaller home, either to save money (46%) or to enjoy more luxurious features (34%). “Many boomers find that their needs and priorities [...]

1

One-third of Gen-Y would quit job with environmentally irresponsible employer

By on Nov 04, 2010 in Green, Trends

Despite facing the first extreme financial recession of their adult lives fueled with fears of job safety and economic uncertainty, Canadian Gen-Yers have not lost their altruistic faith entirely, according to a recent survey.  In fact, 77 per cent agree that it’s important for their company to be environmentally-friendly with one-third reporting that they would [...]

1

Health care spending to reach $192 billion this year

By on Nov 04, 2010 in Health

Total spending on health care in Canada is expected to reach $191.6 billion this year, growing an estimated $9.5 billion, or 5.2%, since 2009, according to new figures released today by the Canadian Institute for Health Information (CIHI). This represents an increase of $216 per Canadian, bringing total health expenditure per capita to an estimated $5,614. [...]

0

Asset management firm specializes in insurance company assets

By on Nov 04, 2010 in Ask The Expert, Featured, Financial Planning

View the video here on your mobile device. Founded in 1986, London and Capital is a well established asset management firm based in New York and London that currently manages around three billion dollars in assets. That in itself is not unusual, but what is unusual is that they have a division in their company [...]

1

BCAA receives award for its business ethics

By on Nov 03, 2010 in Canadian Insurance, Company News

The British Columbia Automobile Association (BCAA) was awarded the Better Business Bureau’s third annual Torch Award for Marketplace Excellence, which recognizes the organization for its ethical business practices and providing exceptional service. “BCAA is a caring, values-based organization and it’s our people who make us special,” said Colin MacPhail, BCAA’s director of Membership. “We have [...]

0

Proposed class action filed against Easyhome Ltd. after fraud investigation

By on Nov 03, 2010 in Legal Issues

A proposed class-action lawsuit has been filed against Easyhome Ltd., which earlier this month uncovered a $3.4-million fraud committed by a manager at one of its financial services kiosks. Siskinds LLP, a law firm specializing in class-action cases, said the suit it filed also names current and former executives and directors, including chief executive David [...]

0

ICBC rate reductions now in effect

By on Nov 03, 2010 in Auto & Trucking

Drivers in British Columbia saw their basic insurance rates go down by 2.4 percent on Monday, November 1. ICBC said the basic rate reduction, in addition at an average three percent reduction in optional insurance premiums, means a combined savings of more than $80 million. Both the basic and optional insurance changes run for a [...]

Page 6 of 7« First...34567