Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
IBC Appoints Jane Voll VP of Policy Development and Chief Economist
Feb 4 2004 // The Insurance Bureau of Canada announced that Jane Voll has been appointed Vice-President, Policy Development and Chief Economist, effective February 2, 2004. She had been acting in the role since last October. “This...
D&O Liability Premiums Jump 33 Percent; Tillinghast Study Reports Hard Market is Stabilizing Despite Record Premiums
Jan 27 2004 // Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers...
Toronto-Dominion Bank to Buy Liberty Mutual Auto and Home Units
Jan 21 2004 // Toronto-based Meloche Monnex, a subsidiary of Toronto-Dominion Bank, has agreed to acquire Liberty Mutual Group’s Canadian automobile and homeowner insurance operations for an undisclosed price. When the acquisition...
Canada’s Med-Mal Insurance May Not Cover Internet Drug Sales
Jan 6 2004 // The Canadian Medical Protective Association (CMPA), which provides malpractice insurance to doctors in Canada, is on the verge of announcing it will not cover lawsuits generated by Internet drug sales, even if those suits...
IBC Selects “Top Ten” Canadian Insurance Frauds of 2003
Dec 18 2003 // Insurance fraud isn’t a uniquely American phenomenon, as the Insurance Bureau of Canada’s recent announcement shows all too clearly. Our neigbors north of the border have also chosen their “top ten”...
Canada’s P/C Insurers Report Weaker Q3 Results from Auto Losses
Dec 15 2003 // According to a bulletin from the Insurance Bureau of Canada, the country’s P/C insurers posted generally weaker financial results in the third quarter of 2003, due largely to a downward trend in the auto insurance...
ING Adds Ottawa Marathon to its Collection of Running Events
Dec 11 2003 // Even though its marathoner CEO Ewald Kist is set to retire next year, ING, the Dutch insurance and financial services giant, is still very much ‘in the running.’ Yesterday the company announced that it would...
S&P Lowers Allianz Canada Ratings to ‘BBB+’
Dec 10 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Allianz Insurance Co of Canada and Trafalgar Insurance Co. of Canada (collectively...
SIAA Names New Canadian Master Brokerage
Dec 2 2003 // Agency aggregator Strategic Independent Agents Alliance announced that London, Ontario-based Omni Insurance Brokers has assumed control of SIAA Canada and has established the Southwest Brokers Network as a strategic master...
38 Canadian Farm Mutuals to Purchase “WebWriter BackOffice”
Dec 2 2003 // Thirty-eight Canadian farm mutual insurance companies have committed to group purchase the next generation WebWriter BackOffice insurance solution, said a company announcement. 44 insurers in North America and the...
Guarantee of North America Affirmed
Dec 1 2003 // A.M. Best Co. affirmed the financial strength rating of “A” (excellent) of the Guarantee Company of North America based in Montreal, Canada. Best also affirmed the “A-” (excellent) financial...
Canadian Study Examines Government Role in Auto Insurance
Dec 1 2003 // The Centre for Spatial Economic and Shift Central Inc. have released a study, commissioned by Insurance Bureau of Canada on behalf of brokers, agents and insurers in the Canadian Province of New Brunswick, that sheds new...
Hyundai Tiburon, Subaru Impreza Top Canada’s Stolen Auto List
Nov 14 2003 // For the fourth year in a row, the Hyundai Tiburon (2-door) has the distinction of holding the top spot on Insurance Bureau of Canada’s (IBC) top 10 list of the country’s most frequently stolen vehicles. This...
Assurex Global Elects Board and Officers
Nov 14 2003 // Columbus, Ohio-based brokerage giant Assurex Global announced the appointment of new directors and officers to the its board of directors for 2004. Officers include Chairman Gregory S. Belton of Hunter Keilty Muntz &...
RMS Expands Capability of Weather Risk Management Model
Nov 3 2003 // Newark Calif.-based Risk Management Solutions, a leading provider of products and services for the management of catastrophe risk, and Earth Satellite Corporation (EarthSat) announced two additions to the Climetrix™...
Water Craft Insurer Ordered to Halt Fla. Operations; Agent Faces License Revocation
Oct 16 2003 // The Florida Office of Insurance Regulation has ordered a Canadian company to stop selling unauthorized insurance in the state, and a Venice agent is facing revocation of his license for reportedly selling the bogus...
S&P Affirms Aviva Canada Subs ‘A’ Ratings
Oct 3 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ont.-based insurance holding company...
Canadian Insurers Handling Hurricane Claims
Oct 2 2003 // The Insurance Bureau of Canada has issued a bulletin reassuring consumers that their property insurance will respond to storm-related damage caused by Hurricane Juan, which struck Nova Scotia and Prince Edward Island last...
Hurricane Juan Hits Canada’s Maritime Provinces
Sep 29 2003 // Hurricane Juan, a category 2 storm on the Saffir/Simpson scale with sustained winds of around 80 mph (130 kph), slammed into Nova Scotia and Prince Edward Island early this morning, bringing heavy rains and storm surge...
Paul Kovacs Appointed President and CEO of PACICC
Sep 15 2003 // Alain Thibault, Chairman of the Board of Directors of Canada’s Property and Casualty Insurance Compensation Corporation (PACICC) announced that Paul Kovacs has been named PACICC’s next President and Chief...
