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Older drivers like active safety features, resist autonomous vehicles: Munich Re survey

March 15, 2017 by Canadian Underwriter

A new survey out of the United States exploring the sentiments of older drivers 65 and over shows about half of the respondents would not be comfortable riding in an autonomous vehicle, but they see great value in active safety

News InsuranceTechnology

InsurEye adds independent mortgage, credit card consumer reviews to platform

March 15, 2017 by Canadian Underwriter

The largest Canadian platform for insurance reviews has launched independent consumer reviews for mortgage and credit card products, InsurEye announced Wednesday. “Our platform has already been offering nearly 3,000 home, auto and life insurance reviews to inform Canadian consumers about

News AssociationsCatastrophesClimate ChangeInsuranceReinsurance

IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government

March 15, 2017 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with

insPRESS Insurance

Blue Schindler Named Senior Vice President of IPG

March 14, 2017 by SCM Insurance Services

TORONTO – SCM International Programs Group LP (IPG), an SCM Insurance Services company and Canada’s leading provider of Third Party Administration and claims management services, today announced the appointment of Blue Schindler as Senior Vice President. Since IPG’s inception in

News AssociationsConstructionInsurancePersonal Lines

Home Fire Sprinkler Coalition launches Canadian website

March 14, 2017 by Canadian Underwriter

A new website from the non-profit Home Fire Sprinkler Coalition (HFSC) – HomeFireSprinklerCanada.ca – seeks to help increase interest in the life-saving benefits of installed home fire sprinklers in new construction homes. In partnership with and funding from the Co-operators

News CatastrophesClimate ChangeInsurancePersonal Lines

Desjardins Insurance offers new flood coverage for low-, medium-risk areas

March 14, 2017 by Canadian Underwriter

Customers of Desjardins Insurance, The Personal and State Farm Canada who live in low-risk flood areas will now automatically be covered by a new flood endorsement while those in medium-risk areas can choose to purchase an additional premium. Endorsement 16d

News InsuranceTechnology

Intel to acquire driver assistance systems manufacturer Mobileye

March 13, 2017 by Canadian Underwriter

Mobileye N.V., whose vehicle-mounted technology is designed to anticipate collisions, has agreed to be acquired by microprocessor manufacturer Intel Corp. Intel said Monday that one of its subsidiaries “will commence a tender offer” to acquire Mobileye shares for US$63.54 in

News Commercial LinesInsurance

TSB reiterates warning about risk of unstable runway approaches

March 13, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada has reiterated its call for commercial aviation operators to have a flight data monitoring program in order to assess the risk posed by unstable approaches. TSB released March 9 an investigation report into an

News Earnings / RatingsInsurance

Aviva reports combined ratio of 94.6% in Canada in 2016

March 13, 2017 by Canadian Underwriter

Aviva plc announced a 0.8-point increase in its combined ratio in Canada while operating profit was up 16%. London-based Aviva released March 9 its preliminary results for 2016. General insurance net premiums written, worldwide, increased 15%, from £7.177 billion in

News InsuranceTechnology

Scotiabank announces it will provide $2 million for cyber security and financial data initiative at UBC

March 13, 2017 by Canadian Underwriter

Scotiabank’s $2 million funding injection seeks to support the ability of the Scotiabank Cybersecurity and Risk Analytics Initiative at the University of British Columbia (UBC) to accelerate cyber security and financial risk research in Canada. “Data theft costs organizations billions

News CatastrophesInsurance

Newfoundland Power crews describe weekend storm as ‘worse than hurricane Igor’

March 13, 2017 THE CANADIAN PRESS

JOHN’S, N.L. – Newfoundland Power is continuing work to restore electricity to areas of the province ravaged by a massive weekend windstorm. Utility spokeswoman Michele Coughlan said 5,000 customers were still without power early Monday – a figure down from

News Commercial LinesInsurance

Commercial insurance prices in U.S. remain flat during 2016 Q4

March 13, 2017 by Canadian Underwriter

Commercial insurance prices in the United States were almost flat during 2016 Q4, with price increases of less than 1% for the fifth straight quarter, Willis Towers Watson (WTW) reports in its latest Commercial Lines Insurance Pricing Survey (CLIPS). CLIPS