Quarter Century Club (June 01, 2010)

More than 150 delegates attended the roasting of Malcolm “Mac” Ross on Mar. 31. After 42 years working in the insurance industry in Ottawa, Mac, who “didn’t think I’d ever want to be roasted,” had the honour of being the roastee at the Quarter Century Club 51st Annual Reception at the Hilton International Toronto. “It’s […]

May 31, 2010 | Last updated on October 1, 2024
1 min read
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More than 150 delegates attended the roasting of Malcolm “Mac” Ross on Mar. 31. After 42 years working in the insurance industry in Ottawa, Mac, who “didn’t think I’d ever want to be roasted,” had the honour of being the roastee at the Quarter Century Club 51st Annual Reception at the Hilton International Toronto. “It’s a wonderful day,” he said. “A day I won’t forget.” •

How record-high Cat season will impact reinsurance renewals

Claims

How record-high Cat season will impact reinsurance renewals

About half of the Canadian P&C insurance industry’s projected $7.7 billion in losses due to four natural disasters over the summer will be covered by reinsurance, a reinsurance broker told the National Insurance Conference of Canada (NICC) in Vancouver Tuesday. “We can observe that about 50% of the losses coming out those four main events […]

By David Gambrill | September 26, 2024

3 min read

Beat the clock: Update on the national flood program

Claims

Beat the clock: Update on the national flood program

Editor’s Note: This article has been updated to show remarks incorrectly attributed to IBC’s president and CEO Celyeste Power were actually the remarks of IBC chairman Christian Fournier. CU apologizes for the error.   Provincial politics and the timing of a federal election could possibly delay or derail the proposed national flood insurance program if […]

By David Gambrill | September 25, 2024

4 min read

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Claims

Why Calgary’s hailstorm could send more Alberta auto insurers to the exits

Calgary’s record-setting hailstorm in August may send more of the province’s auto insurers heading for the exits, Insurance Bureau of Canada warned Thursday. “The Calgary hailstorm will add $900 million in unexpected claims cost pressures at a time when Alberta’s auto insurance system is in crisis due to the province’s rate cap,” Aaron Sutherland, IBC’s […]

By David Gambrill | September 19, 2024

3 min read