The Women in Insurance Cancer Crusade (WICC) welcomes Michael Butler, national insurance and services manager for PPG Refinish Canada, to the position of chair of the Chapter & Industry Relations Committee. Butler offers 18 years of experience in the collision repair marketplace, including OEM parts marketing, insurance vendor relations, and collision banner growth. Throughout his […]

April 30, 2006

5 min read

Three Canadians on RIMS’s 2006-07 board

Three Canadians will serve on the Risk and Insurance Management Society, Inc. (RIMS)’s board of directors in 2006-07.Two Canadians newly voted onto the RIMS board of directors include: Joseph A. Restoule (RIMS Secretary and board director). Roule is a senior risk consultant for the NOVA Chemicals Corporation, and is a member of the RIMS Southern […]

2 min read

Ontario auto rate decreases slowing down in 2006 1Q

The Financial Services Commission of Ontario (FSCO) approved Ontario private passenger auto insurance rates decreases that averaged -.071% during the first quarter of 2006.In contrast, the average rate changes approved for the first, second, third and fourth quarters of 2005 were -1.12% (representing 7.50% of the market), -1.62% (representing 45.79% of the market), -1.62% (representing […]

2 min read

NAIC classifies hybrid E-CAPS as equities

Moody’s Investors Service says the recent classification of E-CAPS in the United States as an equity security, rather than a bond or preferred stock, will have capital requirement implications for insurers holding the security. The Securities Valuation Office of the NAIC recently made the ruling on Enhanced Capital Advantage Preferred Securities (E-CAPS), which are a […]

1 min read

Kingsway seeks acquisition opportunities

Kingsway Financial Services is seeking opportunities for growth through acquisitions in 2006, the company reported in its 2005 annual report. Kingsway’s primary business is the insuring of automobiles for drivers who do not meet the criteria for coverage by standard automobile insurers. It also operates in the standard automobile, property, motorcycle and other specialty markets.”We […]

2 min read

FSCO outlines priorities for 2006

Developing principles concerning conflict of interest, developing a model for privilege and whistle-blowing protection and streamlining agent and broker licensing in Ontario are among the Financial Services Commission of Ontario (FSCO)’s priorities for 2006.Section 11 of the FSCO Act requires the commission to deliver to the Minister of Finance and publish a statement setting out […]

2 min read

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Three Canadians on RIMS’s 2006-07 board

Ontario auto rate decreases slowing down in 2006 1Q

NAIC classifies hybrid E-CAPS as equities

Kingsway seeks acquisition opportunities

FSCO outlines priorities for 2006