Risk

Atlantic insurance marketplace improves, task force finds

Insurers have improved their communications with the public and forged better relationships with consumers and governments, according to the Progress Report on Commercial Insurance in Atlantic Canada.In general, the insurance marketplace has improved over the past 16 months, the report notes. Respondents to a survey conducted to gather information for the Progress Report have indicated […]

By Canadian Underwriter | April 30, 2007

2 min read

Risk

The Cooperators faces financial “challenges” in 2007 Q1

The Cooperators General Insurance Company faced some financial challenges early this year, reporting a profit of Cdn$8.2 million in 2007 Q1 compared to a 2006 Q1 profit of Cdn$31.9 million.The first quarter of 2007 posed significant challenges, Kathy Bardswick, president and CEO of The Co-operators, said in a press release issued by the company. Automobile […]

By Canadian Underwriter | April 30, 2007

1 min read

Risk

Marsh wages campaign to promote the “upside” of risk

Marsh Inc., a risk and insurance services firm, has launched a new branding campaign, encouraging businesses to focus on the upside of risk.The campaign, created by the New York office of Ogilvy, seeks to disrupt the traditional view of risk as a liability to be avoided, by asking the reader to also consider finding opportunities […]

By Canadian Underwriter | April 30, 2007

2 min read

Risk

Boost Canadian Wheat Board as risk management tool, CWB director says

In a plea to the Commons Standing Committee on Agriculture, Ian McCreary, farmer-elected director of the Canadian Wheat Board (CWB), asked for legislative support to strengthen the CWB and thereby help manage farmers risks. Risk management tools such as the CWB can provide agricultural market and grain trade power to the producers are necessary, McCreary […]

By Canadian Underwriter | April 25, 2007

2 min read

What’s New: In Brief (April 24, 2007)

Policy Works Inc. has announced the launch of its Certified Data-Exchange Partner Program, designed to recognize insurers who have worked in partnership with Policy Works Inc. to ensure accurate transfer of commercial lines information. The program focuses on three key areas: standards, verification and security. Certified partners must be committed to implementing the CSIO commercial […]

1 min read

Manitoba car thieves to be fitted with GPS tracking devices

Twenty Manitoba car thieves will be fitted with GPS tracking devices in the fall as part of a one-year pilot project to fight auto theft, the CBC reported on its Web site.Under the program, the highest-risk repeat offenders will wear location-monitoring devices such as ankle bracelets, the CBC reported.The CBC cited Manitoba Justice Minister Dave […]

1 min read

Echelon opposes proposed Facility Association changes (April 17, 2007)

Echelon is strongly opposed to the Ontario Facility Associations most recent proposal to redesign its residual market structures, according to a statement from the company.The proposed changes would revamp the current Risk Sharing Pool (RSP) which was originally designed to provide partial and temporary relief to insurers who are adversely affected by take-all-comers regulations into […]

1 min read

Echelon opposes proposed Facility Association changes (April 17, 2007)

1 min read

MPI to invest Cdn$5 million in truck driver training

Manitoba Public Insurance [MPI] intends to invest Cdn$5 million over the next three years in a training partnership aimed at Manitobas commercial trucking business.Over the next three years, annual injections of Cdn$1.65 million will help up to 750 Manitobans become Class 1 drivers a skill in serious demand as the trucking industry deals with higher […]

2 min read

Integro appoints new chief financial officer

Integro Ltd. announced the appointment of Robert F. X. Feeney as chief financial officer.Feeney succeeds Joseph Salerno, a member of the initial leadership team, who is retiring, says an Integro press release.In his role as CFO he will have responsibility for Integros corporate finance and information technology.Feeney joins Integro from HSBC, where he was managing […]

1 min read