“Westaim completed a positive first quarter in 2012. Our non-standard automobile line of business, in line with our industry peers, continues to reflect profitable results and we expect this to continue in the remainder of 2012,” said CEO Cameron MacDonald
“In responding to new risks arising from these developments, insurance supervisors around the world, including OSFI, have been embracing stronger solvency standards,” says FSCO
Adjusting for the payment of a $30 million cash dividend paid by JEVCO to Westaim during the first quarter of fiscal 2012, the purchase price is approximately 1.38 times the net book value of JEVCO as at December 31, 2011
Company says its third facility – and first in Canada – to meet growing demand for online broker management systems
Intact Insurance to become Canada’s first private insurer to offer brokers with Policy Works, an enhanced connectivity solution
To mark March as Fraud Awareness Month, IBC has compiled a few of the more bizarre fraud cases it has come across lately
“‘The Girl with the Dragon Tattoo’ featured a wide range of risky elements, including motorcycle, skateboarding, fight and torture scenes, and filming in foreign locations, which all contributed appreciably to its overall risk”
Glenn Williams replaces Randy Valpy, effective January 20, 2012
Search engine fined $65,000 after its autocomplete suggested “crook” or “scammer” after company name
New Jersey-based Federal Insurance Co., a subsidiary of The Chubb Group of Insurance Companies, says that any illegal acts committed by Sandusky were not committed in his capacity as an official of Second Mile
ICBC President and CEO Jon Schubert has written an open letter to BC insureds in regards to the company’s Q3 results and their impact on rates
Emmanuel Feuerwerker, still on the lam, sentenced in absentia for his role in $620,000 fraud scam
The lawsuit, filed Nov. 2 in federal court in Grand Rapids, accuses Hallmark and a Taiwan company of negligence and product liability
The Financial Services Commission of Ontario (FSCO) is warning consumers that Rockfort Company Ltd. is not licensed to do insurance business in Ontario as either an agent or company
Western Financial Group will be the anchor tenant at the new complex at 600 Empress Street
IBM’s supercomputer system, best known for trouncing the world’s best “Jeopardy!” players on TV, is being tapped by one of the U.S.’s largest health insurers to help diagnose medical problems and authorize treatments
