Risk

New officers to lead RiskProNet

RiskProNet International, a network of 29 leading independent insurance brokers throughout the United States and Canada, recently announced that the president for 2006 will be Scott Drew, vice president of Associated Financial Group in Minnetonka, Minn.Drew was previously vice president of CFG Insurance Services, which was acquired by Associated Bank in 2003. Associated bank subsequently […]

By Canadian Underwriter | January 11, 2006

1 min read

FSCO sets insurer territory definitions, not Canada Post

The Financial Services Commission of Ontario (FSCO) is reminding insurers that any changes to rates and risk classification systems, including territory definitions, must be filed with and approved by FSCO, notwithstanding recent postal code changes made by Canada Post.”To reflect increases to the population of certain areas over time, Canada Post, using a process it […]

By Canadian Underwriter | January 11, 2006

2 min read

Operation Red Nose sends 6,575 home safely

This holiday season, more than 6,500 Ontarians were driven home by Operation Red Nose – a volunteer designated-driver service for holiday partiers.”That’s 6,500 occasions where someone was at risk of drinking and driving but made the smart choice instead,” Mark Yakabuski, vice-president,Federal Affairs and Ontario, Insurance Bureau of Canada. “Canada’s home, car and business insurers […]

By Canadian Underwriter | January 6, 2006

1 min read

CCIR seeks comment on privilege/whistle-blowing

The Canadian Council of Insurance Regulators (CCIR) is circulating a consultation paper that discusses giving insurers privilege over self-assessment documents and providing protection for whistle-blowers.The document discusses the value of moving towards risk-based regulation, in which “more supervisory attention” is paid “to higher risk companies and less to low risk companies.”In such a system, the […]

By Canadian Underwriter | January 5, 2006

1 min read