News

Bulletin: Hailstorm Boosts Auto Claims

A violent Winnipeg-area hailstorm has prompted a surge in auto damage claims.
The August 14 storm smashed windshields and dented vehicles, prompting over 4,100 …

Bulletin: Facebook faces litigation; Hurricane Bill; Cat bond activity down; Drivers successful fighting impaireds

A group of Facebook users filed a civil lawsuit on Monday August 17, 2009, that alleges the social-networking site is violating California consumer …

$13 million class action settlement awarded without the use of insurance counsel

Class action members finally reached a settlement of $13 million (CDN) in the Supreme Court of Nova Scotia class action against the Roman …

Bulletin: Scotiabank launches new insurance centre; OSFI reminds (re)insurers to file Part XIII progress; Current quarter looks good; country moves up ranking

Expanding its partnership with Sun Life, Scotiabank announces the launch of new home and auto insurance programs.
As one of North America’s premier financial …

Insurance professionals predict heavy repercussions after footage of seven-year-old Quebec driver hits YouTube

Canadian insurance professionals are not amused by a Quebec father’s decision to let his seven-year-old child drive the family vehicle.
By now many across the …

Businesses Acknowledge Supply Chain Risk: Aon Report

More organizations are making supply chain risk management a priority during the economic downturn, but do they have the proper processes to reduce …

Bulletin: Canadian economy turns corner; CARSTAR and Canadian Hail Repair work together

Current quarter looks good for Canadian economy
According to the numbers, the Canadian economy may have turned the corner in the current quarter.

Real …

Bulletin: Still in soft market; B.C. company gets strong rating; RSA’s half year results; International agreement signed to fight health care fraud

North American P&C market still in prolonged soft market
The July composite rate for U.S. P&C insurance was unchanged from the previous month, staying …

ICBC legal action protects name and customers

The Insurance Corporation of British Columbia has commenced legal action against Stainton Ventures Ltd.  of Vancouver for using ICBC’s official marks to …

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