The aftermath of tornado action in late July left massive damage in parts of Alberta and southern Ontario – the insured cost of which is likely to run into millions of dollars. As a result, the Insurance Bureau of Canada (IBC) has once again called on the federal and provincial governments to invest in disaster […]
July 31, 2000
1 min read
Only days after class action suits were started in Quebec against insurers AXA Canada and ING Canada, Liberty Mutual General Insurance in Canada became the next victim of the aftermarkets parts legal fever sweeping North America. With its American parent having a class action suit filed against it previously in the U.S., Liberty Mutual Insurance, […]
February 29, 2000
1 min read
Natural disasters worldwide last year, and the likelihood of a continued increase in catastrophe frequency, are likely to lead to insurance and reinsurance rate increases, industry rater A.M. Best Co. says. According to initial estimates, 52,000 people died worldwide as a result of catastrophes last year, the total monetary cost is estimated at over US$65 […]
January 31, 2000
2 min read
How insurers treat customers when it counts most will be a critical marketing element that will lead to brand recognition and brand loyalty for all those involved in the insurance distribution channel.
December 31, 1999
5 min read
A dramatic rise in revenue — attributed to the inclusion of extensive international acquisitions in 1998 — and a corresponding decline in net earnings characterisze the second quarter results released by Lindsey Morden Group Inc., parent company of adjusters Cunningham Lindsey. Revenues at the six quarter mark of 1999 have hit $217.8 million compared to […]
September 30, 1999
1 min read
The angular figure of our senior underwriting manager emerged from the elevator facing me, and, as usual, Judy’s face was a mirror of her inner feelings. It was also quite clear that these feelings were not too positive. She grunted a perfunctory greeting to me. We walked out of our company’s front doors and stood […]
July 31, 1999
9 min read
Canada Brokerlink Inc. posted first quarter results for this year showed business growth of 67%, and, at the same time, nearly doubling its assets to $67 million compared with the level for the same period in 1998. Revenue for first quarter of 1999 amounted to $6 million against the first quarter of 1998’s $3.6 million. […]
June 30, 1999
1 min read
Dear editor: The following correspondence has been sent by Noble Insurance, an Ontario-based insurance brokerage, to Robert Gunn, president of Royal Insurance Company of Canada, Noel Walpole, president of Economical Insurance Group, Robert Landry, president of personal finance solutions at Zurich Canada and George Cooke, president of Dominion of Canada Insurance Company. The letter was […]
February 28, 1999
3 min read
Dear editor: Vibration from construction equipment, or blasting operations commonly results in claims from nearby homeowners for structural damage to their residence. It is now common to conduct pre-construction surveys of such residences to document any existing damage prior to starting the construction project. This is especially true if blasting is to occur. There are […]
January 31, 1999
2 min read