Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
Canadian Supreme Court Ruling Strikes Down Healthcare Restrictions
Jun 10 2005 // In what could be a landmark decision, Canada’s Supreme Court has ruled that a patient awaiting a hip replacement operation in Quebec is entitled to obtain private health insurance to help defray the cost. Such...
S&P Assigns Rating of ‘A+’ for ING’s Canadian Subs
May 26 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A+” long-term counterparty credit and financial strength ratings to the following Canadian subsidiaries of the Netherlands ING...
Kingsway Grows Net Income by 52%
May 5 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results in Canadian dollars for the first quarter ended March 31, 2005. The company has decided to defer its change to U.S. dollar reporting until the end...
Page Named New Optimum General President, CEO
May 2 2005 // Canadian P/C insurer Optimum General Inc. has named Jean-Claude Page as its new president and CEO, following the retirement of David B. Liddle. The change was effective April 29, and was announced at the company’s...
Arch Enters Canadian Market
Apr 28 2005 // Arch Insurance Group, a division of Bermuda’s Arch Capital Group Ltd., has announced its entrance into the Canadian insurance marketplace. The plans were revealed at the recent RIMS Conference in Philadelphia. Arch...
GARAMENDI TO ADDRESS DANGER OF UNINSURED VEHICLES FROM MEXICO:
Apr 18 2005 // Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi lead a delegation to Mexico on April 11 to participate in trilateral...
Calif. Commissioner to Address Danger Uninsured Vehicles from Mexico Pose to Calif. Motorists
Apr 8 2005 // Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi announced Friday he will lead a delegation to Mexico on Monday to...
Man with Multiple Identities Indicted in International Scam
Mar 21 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins, was indicted in February on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four...
Task Force to Address Availability, Affordability Issues for Atlantic Canada Sectors
Mar 7 2005 // Insurance Bureau of Canada (IBC) recently announced a newly created task force focused on insurance issues affecting the commercial and not-for-profit sectors in Atlantic Canada. The Atlantic Task Force on Insurance...
IBC Reports 2004 Financials for Auto, Home and Business Insurance Companies
Mar 1 2005 // Insurance Bureau of Canada (IBC) recently announced estimated 2004 financial results for Canada’s home, auto and business insurance companies. Industry data indicate that in 2004, the industry’s 206 companies...
Calif. Man Indicted on Federal Charges in International Insurance Fraud Scam
Feb 16 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four...
Man with Multiple Identities Indicted on Federal Charges in International Scam
Feb 14 2005 // Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted last week on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the...
Kingsway Notes 54% Gain in Net Income
Feb 10 2005 // Toronto-based Kingsway Financial Services Inc. announced financial results for the quarter and year ended Dec. 31, 2004, and the declaration of an initial quarterly dividend of 5 cents per share. For the fourth quarter net...
IBC Launches Injury Prevention Campaign in North Bay
Feb 7 2005 // Most injuries suffered by Canadians are reportedly preventable, and Insurance Bureau of Canada (IBC) wants to reinforce this message through its month-long sponsorship of Injury Prevention Month in North Bay. IBC will...
Barriers Remain for Commercial Traffic Between Mexico and the U.S.
Feb 7 2005 // The North American Free Trade Agreement, signed in 1992 by the United States, Canada and Mexico, was implemented in an effort to eliminate or reduce trade barriers between the three participating countries. In the area of...
Best Affirms St. Paul Guarantee (Canada) Rating; Withdraws Travelers Canada Rating
Jan 7 2005 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) of Toronto, Canada-based St. Paul Guarantee Insurance Company. At the same time Best withdrew the financial strength...
Allianz Global Canada Receives Provincial Approvals
Jan 7 2005 // Allianz Global Risks Canada, formerly a division of Allianz Insurance Company of Canada, announced that it has received provincial regulatory approvals to operate as a licensed branch of Allianz Global Risks US Insurance...
Best Affirms Swiss Re (Canada) Ratings
Dec 28 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Toronto-based Swiss Reinsurance Company Canada, and has assigned an issuer credit rating of “aa”. The...
S&P Revises Lindsey Morden Outlook to Stable from Negative; Affirms ‘B’ Rating
Dec 23 2004 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Canada’s Lindsey Morden Group Inc. (LMG) to stable from negative. S&P also said that it has affirmed...
Best Affirms SCOR Canada ‘B++’ Rating
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of SCOR Canada Reinsurance Company, and has assigned the company an issuer credit rating of “bbb+.”...
