Canada News

Insurers Happy About Quiet Atlantic Hurricane Season

Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the peak …

Gallagher Energy Opens Calgary Office

Arthur J. Gallagher International has opened a new office in Calgary, Alberta, Canada trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be joined by David Braid and …

Canada to Stop Insurance Sales on Bank Web Sites

Canada will prohibit major banks from marketing insurance products on their websites, marking a major victory for big insurers in a long-running battle with the banking industry. Canadian Finance Minister Jim Flaherty told Canada’s Business News Network (BNN) that rule …

Utah Commissioner Warns of “Nationwide” Scam

Utah officials are warning the public of an international mail fraud scheme involving a bogus letter said to be from Nationwide Insurance. The scam has spread to 10 states, according to the Utah Department of Insurance. “We have not as …

Business Moves

Willis, Ireland Willis Group Holdings Limited wants to change the company’s place of incorporation from Bermuda to Ireland. Shareholders will vote on the measure at a meeting in three or four months. The change also requires the approval of the …

People

Jim Newberry, assistant vice president and risk control manager of Island Insurance in Honolulu, has received the Risk Management/Insurance Practice Specialty Safety Professional of the Year Award. The award is from the American Society of Safety Engineers (ASSE). Newberry has …

Ratings Roundup: Progressive Motor, Markel (notes), Service

Standard & Poor’s Ratings Services today said it assigned its ‘A+’ insurance financial strength rating on Progressive Motor Insurance Co. (PMIC); however, the outlook is negative.”The rating on PMIC is based on the support of a guarantee provided by Progressive …

California Wildfires Smolder in Low Wind

https://www.insurancejournal.com/news/west/2009/09/01/103448.htm All but the most remote sections of a pair of major Southern California wildfires were contained Saturday, but officials warned that dangerous fire weather would persist through the weekend. The region saw record triple-digit temperatures on Saturday but none …

Canadian Banks Eye Expansion into Insurance, Despite Restrictions

Insurance may emerge as the next big growth area in Canadian banking, even though regulations prohibit lenders from selling via their branches and insurance brokers vehemently oppose the move. When Canada’s biggest bankers convened last week to talk about growth …

Aon Consulting Canada Appoints Coll Chief Commercial Officer

Aon Consulting, the global human capital consulting organization of Aon Corp;, announced that Douglas A. Coll, has joined Aon Consulting Canada in the newly created position of Chief Commercial Officer, focused on revenue growth. “Coll will lead sales and business …