Latest Canada Headlines
All the headlines from our Canada Topic Page, ordered by recency.
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...
Recent Ratings Round-up
Sep 5 2003 // Due to the significant number of ratings announcements released recently, the IJ offers the following summary of actions taken by the rating agencies indicated. More complete information can be obtained directly from the...
Copart Opens First Canadian Facility in Toronto
Sep 5 2003 // California-based Copart, Inc. announced that it has opened its first salvage facility in Canada, near Toronto. The addition of this 28-acre “greenfield” location brings the number of sites operated by the...
Kingsway Appoints Two Executives
Sep 3 2003 // Toronto-based Kingsway Financial Services Inc., a leading non-standard auto insurer in the U.S. and Canada, announced the appointment of Stuart Kistruck as the new President & CEO of York Fire & Casualty...
Insurers Responding Quickly to Kelowna Fire Crisis Says IBC
Aug 26 2003 // The Insurance Bureau of Canada reported that insurers in British Columbia are acting quickly to assist policyholders whose homes and businesses have been affected by the forest fires currently raging in the province (See...
Report Europe’s Insurers Take Cautious Line on Blackout Claims
Aug 18 2003 // European Insurers are reportedly adopting a “wait and see” attitude concerning potential claims from the blackout that hit the Northeastern U.S. and parts of Canada last week. Both Reuters and Dow Jones...
Hub Posts Strong Q2 Growth
Aug 4 2003 // Chicago-based brokerage Hub International Ltd. reported strong growth in the second quarter and first half of 2003, leading the company to update its earnings guidance for the full year. All financials are reported in U.S....
A.M. Best Affirms Rating of Royal Bank of Canada Insurance
Jul 21 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Royal Bank of Canada Insurance Company Ltd., (RBCI) (St. Michael, Barbados). The rating has a stable outlook. The rating for RBCI reflects its...
A.M. Best Upgrades Rating of Gerling Canada Insurance Co.
Jul 11 2003 // A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) of Gerling Canada Insurance Company (Ontario), which will be known as GCAN Insurance Company in the near future. The rating...
Torquest Partners, Other Investors Acquire Gerllng’s Canadian P/C Operations
Jul 1 2003 // Torquest Partners Inc., Newport Partners Inc., CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, and company senior management (the Investors) announced that they have acquired Gerling Canada...
A.M. Best Affirms Rating of ING Canada
Jun 27 2003 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of ING Canada (Toronto). The group, which operates under a pooling arrangement, consists of Belair Insurance Company Inc., ING Insurance Company of...
Dominion of Canada Announces NB Broker Appointments
Jun 27 2003 // The Dominion of Canada General Insurance Company announced that all offices of The Huestis Group Agencies in northern New Brunswick are now authorized to do business with the company In announcing these broker...
S&P Lowers Aviva’s Canadian Subs to ‘A’
Jun 24 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc....
