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News AssociationsInsurance

Cornerstone’s DaSilva resigns from IBAO board, Brian Purcell scheduled to be 2018 president

July 7, 2016 by Canadian Underwriter

Brian Purcell, broker/owner at James Purcell Insurance Broker Ltd., will “assume the position” of president of the Insurance Brokers Association of Ontario in 2018, IBAO announced Thursday. Wendy DaSilva, chief executive officer of Cornerstone Insurance Brokers Ltd., had been scheduled

News AssociationsCatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

XL Catlin sponsors deep ocean survey to better understand climate change impacts

July 6, 2016 by Canadian Underwriter

XL Catlin will sponsor a new scientific survey to research the deep ocean, information from which will hopefully shed light on the potential impact of climate change and the risks that businesses, society and ecosystems will face in future. The

Feature AssociationsInsurance

At the Crossroads

July 4, 2016 by Canadian Underwriter

Heather Matthews, incoming president of the Canadian Independent Adjusters’ Association, believes the claims industry is at a crossroads, but that adjusters are up to the challenge.

News AssociationsCommercial LinesInsuranceLegislation / RegulationProfessional Development

Road safety at heart of Ontario move to introduce mandatory, entry-level Training for Class A Truck Drivers

June 29, 2016 by Canadian Underwriter

The Ontario Trucking Association (OTA) has welcomed the announcement by transportation minister Steven Del Duca that mandatory, entry-level training will be adopted for new tractor-trailer drivers. Del Duca said Wednesday all new commercial Class A truck drivers will need to

News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Canada announces departure of CEO Dan Danyluk

June 22, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) has announced in a press release dated Monday that its CEO, Dan Danyluk, has left the organization, effective immediately. “The board of directors wishes to thank Dan for his dedicated work both for

Photos AssociationsInsurance

WICC Relay For Life, Downsview Park, Toronto, June 21, 2016

June 21, 2016 by Canadian Underwriter

WICC Relay for Life event raises more than $350,000 for lifesaving cancer research Insurance industry professionals with the Women In Cancer Crusade (WICC) came together on June 21st, at Downsview Park in Toronto to raise more than $350,000 in support

News AssociationsInsurancePersonal Lines

Claims settlement a particularly “fuzzy concept” for Quebec drivers, new poll suggests

June 21, 2016 by Canadian Underwriter

Less than a week after a survey commissioned by the Financial Services Commission of Ontario found that only 10% of Ontario drivers reported being “very knowledgeable” about the elements in a standard auto policy, a new poll has found that

News AssociationsInsuranceLegislation / RegulationMarkets / Coverages

New Ontario financial services regulator should have anti-fraud authority: Panel

June 20, 2016 by Canadian Underwriter

The Ontario government should establish a new organization that would perform the functions currently performed by the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO) but also have a “specific fraud-deterrence mandate,” an expert

News AssociationsInsurancePersonal LinesProfessional Development

Canadian Coalition on Distracted Driving begins development of National Action Plan

June 20, 2016 by Canadian Underwriter

The newly-created Canadian Coalition on Distracted Driving (CCDD) has wrapped up its first meeting, a two-day working session in Ottawa, where it began work on creating a National Action Plan to combat distracted driving. An initiative of the Traffic Injury

News AssociationsInsurancePersonal Lines

CAA Insurance expands strategic relationships in broker market with appointment of 17 brokerages

June 16, 2016 by Canadian Underwriter

CAA Insurance Company announced on Thursday that it has appointed 17 “well-known and experienced brokerage firms across Ontario” to provide its customers with more choice. “The decision to enter the broker market was a simple one,” said Matthew Turack, president

News AssociationsInsuranceLegalTechnology

Data breaches detection, escalation costs highest in Canada: global IBM/Ponemon report

June 16, 2016 by Canadian Underwriter

Detection and escalation costs related to data breaches were the highest in Canada and lowest in India, note findings of a new global survey released Wednesday. “The average detection and escalation costs for Canada was US$1.60. In contrast, the average

News AssociationsCatastrophesCommercial LinesInsurance

Federal investment will help Manitoba farmers predict the effects of flood and drought on farmland

June 13, 2016 by Canadian Underwriter

Agriculture and Agri-Food Canada (AAFC) has announced an investment of more than $1.1 million to develop a hydrology model of Manitoba’s Assiniboine River Basin that will help predict the effects of flooding, excess moisture and extreme drought on agriculture lands.