April 23, 2024
PACICC Appoints a New Board Chair and Welcomes New Board Members
TORONTO, ON — The Property and Casualty Insurance Compensation Corporation (PACICC) held its 35th Annual General Meeting on April 11. At the meeting, Member Insurers ratified a new slate of Directors, including the appointment of a new Board Chair, Dave Oakden, former Chief Actuary, OSFI. Also new to the Board, and serving as an Independent […]
Media
October 13, 2020
Pandemic a reminder Canada’s insurance industry needs a government backstop for catastrophic events
Article from the Globe and Mail
Press Releases
April 23, 2024
PACICC Appoints a New Board Chair and Welcomes New Board Members
TORONTO, ON — The Property and Casualty Insurance Compensation Corporation (PACICC) held its 35th Annual General Meeting on April 11. At the meeting, Member Insurers ratified a new slate of Directors, including the appointment of a new Board Chair, Dave Oakden, former Chief Actuary, OSFI. Also new to the Board, and serving as an Independent […]
April 23, 2024
PACICC Board makes inflation adjustment for personal lines benefit limits First-time implementation of new inflation-protection policy
First-time implementation of new inflation-protection policy TORONTO, ON — The Board of Directors of the Property and Casualty Insurance Compensation Corporation (PACICC) approved a first-time implementation of its new inflation-adjusted limits for Personal Property and Automobile lines of business at its April 11 Board Meeting. The idea of incorporating inflationary adjustments into benefit limits was […]
April 14, 2020
PACICC Expands Board of Directors
The Property and Casualty Insurance Compensation Corporation (PACICC) held its 31st Annual General Meeting entirely via Zoom video-conferencing on April 9. At the meeting, Member Insurers ratified an expanded slate of Directors. New to the Board, and serving as an Independent Director is David MacNaughton, President of Palantir Canada and former Canadian Ambassador to the United States of America. Also joining the Board as designated Insurer Members are Christian Fournier, President and Chief Operating Officer of La Capitale Financial Group and Brian Esau, President and CEO of Red River Mutual.
April 14, 2020
Coverage and Benefits Change 2020
The Property and Casualty Insurance Compensation Corporation (PACICC) held its 31st Annual General Meeting entirely via Zoom video-conferencing on April 9. At that meeting, Member Insurers were notified that proposed changes to coverage and benefits had received unanimous approval from Canada’s provinces and territories. Immediately after the AGM, the PACICC Board formally approved a resolution regarding these changes − which take effect immediately.
December 13, 2019
IFIGS Press Release
At its Annual Meeting held at the Capitol Hilton in Washington, D.C. last week, the Membership of the International Forum of Insurance Guarantee Schemes (IFIGS) named Alister Campbell, CEO of Canada’s Property and Casualty Insurance Compensation Corporation (PACICC), as Chair.
December 3, 2018
Alister Campbell named as next CEO of PACICC
The Property and Casualty Insurance Compensation Corporation (PACICC) is pleased to announce that Alister Campbell has been appointed Chief Executive Officer of the Corporation, to take effect February 4, 2019.