The Government of New Brunswick is negotiating with the province’s insurance industry to seek “the elimination of existing [auto insurance-related] territories and the elimination of discrimination based on gender when evaluating consumer risk.” The government has appointed Fredericton lawyer Bill Anderson, a longtime government litigator, as its lead negotiator. The Office of Justice and Consumer […]

November 30, 2006

1 min read

Risk

Views (December 01, 2006)

ACE INA Insurance and ACE INA Life Insurance recently its annual cocktail reception in October at Le Royal Meridien King Edward Hotel in Toronto. *** The Natural Sciences and Engineering Research Council of Canada (NSERC), the Benfield Group and the Institute for Catastrophic Loss and Reduction (ICLR) welcomed Dr. Kristy Tiampo as the new industrial […]

November 30, 2006

5 min read

Risk

Ontario Court of Appeal awards punitive damages in drunk driving case

For the first known time, the Ontario Court of Appeal has awarded punitive damages in a drunk driving case that resulted in serious injury. The decision, the court’s dissenting opinion suggests, means insurers will be on the hook for paying out rare punitive damage awards in similar drunk driving cases. In Andrea McIntyre et al. […]

November 30, 2006

2 min read

Risk

Risk managers should look at price discipline

Achieving price discipline should be the primary focus for insurers and reinsurers when considering their own risk management practices, Aon Re Services president Bryon G. Ehrhart told the Aon Re Canada’s Rendezvous 2006 in Mississauga. Ehrhart noted the earnings pattern of the U.S. insurance industry was three times more volatile than the standard market volatility […]

November 30, 2006

1 min read

Risk

Royal &SunAlliance boosts net premium in 2006

Royal & SunAlliance says Canadian net written premiums were CD $1.03 billion (501 million) during the first nine months of 2006, an increase of 9% over the same period in 2005. “This reflects strong growth in both commercial (lines) and Johnson Inc.,” the company reported in a press release. The Canadian combined operating ratio of […]

November 30, 2006

1 min read

Risk

Marsh opens technical centre of excellence in Halifax

Marsh has announced it is opening an office in Halifax, Nova Scotia, creating up to 150 new jobs.The risk and insurance company is establishing a technical centre of excellence to provide high-level financial administrative support for its captive solutions business.Nova Scotia Premier Rodney MacDonald announced Marsh’s technical centre of excellence on Nov. 30. He was […]

By Canadian Underwriter | November 30, 2006

2 min read

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