Risk

What’s new: In brief (January 03, 2005)

Canadian Alliance of Physical Damage Appraisers (CAPDA) and U.S.-based Insurance Appraisal Network (IAnet), national networks of appraisal and adjusting services, have signed a strategic relationship to offer services in both countries. CAPDA is a network of automotive appraisers and inspectors in various specialties, which also offers certification of collision damage appraisers. IAnet includes a network […]

By Canadian Underwriter | January 3, 2005

1 min read

Mega Brokerage Results From Merger

The merger of Toronto’s Jones DesLauriers & Firman (JDF) and Insurance Management Inc. (IMI) will create one of Canada’s largest privately-held insurance brokerages. The two brokerages announced recently that they will join forces to create a new incorporated company writing about $150 million in annual premiums, specializing in transportation, construction/builders risk, manufacturing, property management and […]

December 31, 2004

1 min read

Future of U.S. Commercial and Personals Lines Varies

The future looks very different for U.S. personal lines insurance versus its commercial lines counterpart, according to the yearend review and outlook by Standard & Poor’s. The rating agency says that while the outlook for personal lines is stable, with earnings prospects favorable for the first half of 2005, earnings have likely already peaked in […]

December 31, 2004

1 min read

Pafco to Begin Writing in Nova Scotia

Pafco Insurance Co., writer of non-standard auto insurance, has received interim approval to start writing policies in Nova Scotia. The move is part of Pembridge’s plan to spin-off Pafco as a separate company to write high-risk policies and depopulate the Facility Association (FA), the industry’s pool for high-risk drives who cannot obtain coverage from private […]

December 31, 2004

1 min read