Industry
With the recent announcement that HSB Group Inc., parent company of the Boiler Inspection and Insurance Company (BI&I), will sell its stakeholding to American International Group Inc. (AIG), staff at BI&I are predicting “business as usual”. Both the management and name of the company will remain, says Gary Young, BI&I vice president. He expects the […]
September 30, 2000
1 min read
Following on the heels of Cowan Insurance’s online launch, Quebec brokers Di Perno & Associates has entered the online insurance fray with the launch of “AssureMoi.com Inc.” The site, issued through La Toile du Quebec, the world’s largest French language web portal, will offer auto, residential, medical and life coverage. It is expected to be […]
2 min read
Two broker network consolidators, Hi-Alta and The Hub Group, have reported strong showings in the second quarter 2000, capitalizing on new acquisitions. Hi-Alta Capital Inc. (TSE: HIA) saw commission revenue jump almost 18%, to $9.95 million for the three-month period ending June this year, compared with the $8.84 million reported for the same quarter in […]
Risk
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. Waterloo Region Insurance Professionals Dinner Meeting. Kitchener, ON. Contact Lisa Donkers for details at 519-888-9684. October 17. Insurance Brokers […]
The Insurance Brokers Association of Canada has named Brendan Wycks as its new executive director, effective this month. Wycks has 17 years of management experience, including director of the executive office at the Institute of Chartered Accountants of Ontario for the past eight years. The CG&B Group has announced the purchase of brokers G.C. Carley […]
The dramatic incident that took place in Walkerton, Ontario during the final two weeks of May, 2000 will go down in history as a tragic example of the suffering and disruption that can occur when municipal and provincial agencies fail to act on system safeguards. The events that led up to the contamination of Walkerton's water supply present valuable lessons in risk management as well as serious considerations for insurers underwriting municipal risks.
August 31, 2000
10 min read
After several years of growth decline, the Canadian and U.S. property and casualty insurance markets appear to have turned a corner for the better based on results for the first quarter of this year. Industry economists and market analysts are particularly upbeat of a significant rise in net premiums recorded for the period, their enthusiasm […]
5 min read
With the globalization of business, companies are increasingly opening themselves up to exchange rate risk.
9 min read
Home
When a tornado ripped through Pine Lake, Alberta in July of this year, confusion was the order of the day. Local emergency authorities and the media swarmed around the devastated area trying to assist the victims. Insurers and adjusters were also there, providing swift service in getting the residents back on their feet
3 min read
Auto
Following extensive investigations, police in Quebec swooped in on a vehicle theft ring based in Victoriaville in July, seizing 56 cars valued at approximately $1.6 million. The Insurance Crime Prevention Bureau (ICPB) congratulated the authorities on the successful raid, noting that this is the second occasion vehicles have been seized on premises owned by Laurent […]
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