Risk
Life, AD&D 4.5 6.0 Commercial Property 10.0 12.0 Life, AD&D 4.5 6.0 Liability 5.0 20.0 Business Interruption 3.5 7.0 Other 1.0 2.0 Total $30.0 $58.0 Aviation 3.0 6.0 Commercial Property 10.0 12.0 Life, AD&D 4.5 6.0 Liability 5.0 20.0 Business Interruption 3.5 7.0 Other 1.0 2.0 Total $30.0 $58.0 Workers Compensation $ 3.0 $ 5.0 […]
October 31, 2001
3 min read
The world soccer governing body FIFA says its largest insurer for the upcoming 2002 World Cup has cancelled its portion of the insurance program covering the football events to take place in Korea and Japan. A FIFA statement says AXA will terminate its insurance coverage effective from November this year. The total insurance program is […]
1 min read
The Newfoundland government is putting auto insurance reform on the table, releasing a discussion paper that proposes restrictions on the ability to make claims for pain and suffering as a result of minor accidents. It is expected that medical and financial claims will remain accessible, and claims for pain and suffering on permanent or serious […]
2 min read
UAB Group president and CEO Serge LaPalme (right) is welcomed to the neighborhood by Markham Mayor Don Cousens. UAB Group marked the official opening of its new offices at 90 Allstate Parkway in Markham, which consolidates its Toronto operations. It was also a chance to celebrate the success this “one-stop insurance risk stop” has enjoyed […]
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Canadian Institute Conference: Regulatory Compliance. Toronto, ON. Call 416-927-7936 or visit www.CanadianInstitute.com to register. November 20 to 21. London […]
Industry
Although the September 11 terrorist attacks are “unprecedented in scope and complexity,” the industry will be able to meet its commitments, says Larry Mayewski, executive vice president and chief rating officer for A.M. Best. “The direct and indirect impact of this event may not be fully understood for several years,” he notes. A.M. Best says […]
After five years of petitioning the Financial Services Commission of Ontario (FSCO), the Insurance Bureau of Canada (IBC) has instituted a standard auto insurance invoice for healthcare practitioners in Ontario. The invoice, which applies to rehabilitation providers such as chiropractors, massage therapists, psychologists, and the like, will take effect November 12, 2001. After that date, […]
The Insurance Bureau of Canada (IBC) has lashed out at the Ontario government and provincial regulator Financial Services Commission of Ontario (FSCO) with regard to the latest legislative discussion document released on auto insurance regulation. The IBC says the latest government offering predates discussions which occurred between the insurance industry and FSCO, and in this […]
By Canadian Underwriter | October 31, 2001
FIFA, the body representing the World Cup of soccer has found a new insurer for the event finals next year in Japan. Following the events of September 11, French insurer AXA decided to terminate its policy with FIFA with one month’s notice. Following the incident, AXA said it would renegotiate the deal under new terms. […]
By Canadian Underwriter | October 30, 2001
A new report from rating agency Standard & Poor’s (S&P) says the industry is headed for a comeback in 2002, with 2003 set to be a highly profitable year for insurers.Despite heavy losses following the September 11 terrorist attacks, the largest the insurance industry has ever seen, there is renewed interest in investment in the […]
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