Auto
The Insurance Corp. of B.C. is aiming to reduce auto accidents this month, issuing a challenge to communities. Between May 5 and 27, communities in various size categories which show the greatest reduction in car crashes can receive grants between $5,000-$35,000.ICBC predicts an average May sees 16,000 crashes, or 700 per day. That amounts to […]
By Canadian Underwriter | May 5, 2004
1 min read
Quebec’s Justice Minister, Marc Bellemare, has resigned his cabinet post, and will retire from political life.The news may signal a bright note for insurers, as Minister Bellemare was the lead force working to change Quebec’s auto insurance system. Bellemare wanted to introduce tort back into the system, but insurers balked, noting that Quebec is the […]
By Canadian Underwriter | April 28, 2004
Responding to the recent release of a report on potential public auto in New Brunswick, ING Insurance says if product reforms were achieved in the province, private insurers could provide a cheaper product that any public system.”Essentially, the Select Committee [on Public Automobile Insurance] found that there may be benefits to offer a different product […]
By Canadian Underwriter | April 8, 2004
B + L Consultants and Vigil Technology Locating Systems Inc. have signed a national promotional services agreement. The three-year deal will see B + L promoting the Vigil GPS system nationally to 900 car dealers, with an annual target of 7,830 units sold for revenue of $2.3 million. The program includes an agreement between B […]
March 31, 2004
2 min read
Chubb Insurance Co. of Canada has named Ellen Moore as its new president and CEO, replacing Jan Tomlinson, who has been promoted to international field operations manager for the parent company. Moore has been with Chubb & Son since 1978, most recently as a senior vice president and managing director. B + L Consultants Inc. […]
A new package of reforms to Newfoundland’s auto insurance system is being touted as a means to achieve 15% rate reductions. Newfoundland & Labrador Premier Danny Williams, and Government Services Minister Dianne Whalen introduced the new package recently, which is based on an actuarial study conducted by the province’s Public Utilities Board (PUB). Included in […]
The long-awaited report on public auto insurance in New Brunswick will be released on April 2, says Elizabeth Weir, NDP member and chair of the “select committee on public automobile insurance”.Weir says the delay in producing the report comes as a result of the complexity of the issue. “The mandate of the committee is very […]
By Canadian Underwriter | March 25, 2004
A new package of reforms to Newfoundland’s auto insurance system is being touted as a means to achieve 15% rate reductions. Newfoundland & Labrador Premier Danny Williams, and Government Services Minister Dianne Whalen introduced the new package Wednesday, which is based on an actuarial study conducted by the province’s Public Utilities Board (PUB).Included in the […]
By Canadian Underwriter | March 18, 2004
Reinsurers may be blanching at a new “North American Insurance Industry Report Card” by Standard & Poor’s which suggests the sector can expect to see downgrades outweigh upgrades this year.Commenting on the reinsurance sector, for which S&P maintains a negative outlook, the report says while the pace of downgrades should slow compared to the last […]
By Canadian Underwriter | March 12, 2004
Ontario’s brokers are “extremely pleased” with the decision to remove the cap on towing and storage costs that had been part of a package of reforms to the province’s auto insurance system.Insurance Brokers Association of Ontario (IBAO) CEO Bob Carter met with Mike Colle, parliamentary assistant to the Minister of Finance and the man responsible […]
By Canadian Underwriter | March 11, 2004
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