Canadian Underwriter

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Personal Lines


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SGI gives break to commercial auto policyholders

February 20, 2004 by Canadian Underwriter

Following on its “safe driver recognition program”, Saskatchewan Government Insurance (SGI) is planning to offer discounts to its commercial clients.SGI predicts that during the first year of the program, about $2.8 million in policy discounts based on safe driving records

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ICBC aims to become more competitive

February 19, 2004 by Canadian Underwriter

B.C.’s government auto insurer is looking to become more competitive and behave more like a private insurer, according to the 2004-2006 service plan tabled by the Insurance Corp. of B.C. (ICBC) as part of the provincial budget this week.Since the

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IBC establishes online access to MVR records

February 5, 2004 by Canadian Underwriter

Insurers and brokers will soon have real-time access to driver records through a new program from the Insurance Bureau of Canada (IBC). The IBC, working with the Ontario Ministry of Transportation (MTO), is preparing to launch the program April 1.In

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New Brunswick’s Lord says insurers “not doing enough”

February 3, 2004 by Canadian Underwriter

In his annual “state of the province” address, New Brunswick Premier Bernard Lord took a shot at auto insurers and hinted at further reforms to come for the province’s system.While Lord noted that almost $23 million in rebates have been

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IBC launches online fight against Quebec auto reform

February 2, 2004 by Canadian Underwriter

Hoping to stem the tide of auto insurance reform in Quebec, the Insurance Bureau of Canada (IBC) has launched a new website to discuss why the system should not be changed.The site, www.impactnofault.com, is intended to educate Quebec residents about

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People misinformed about travel insurance: RBC study

January 29, 2004 by Canadian Underwriter

A new study is showing that many people think they do not need travel insurance. Almost one-quarter (23%) of those surveyed said that they believed they would be covered if they required emergency medical treatment in another country even without

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D&O remains tight in North America: Tillinghast Towers Perrin

January 27, 2004 by Canadian Underwriter

The average cost of directors’ and officers’ (D&O) cover in North America rose by 33% during 2003, according to a study just released by Tillinghast Towers Perrin. Based on feedback from its “2003 Directors & Officers Liability Survey”, the consultants

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Meloche Monnex buys Liberty Mutual personal lines book

January 21, 2004 by Canadian Underwriter

TD Bank’s insurance arm has purchased the Canadian personal lines book of Liberty Mutual, a subsidiary of Boston-based Liberty Group. Meloche Monnex, which sells personal home and auto insurance as TD Insurance Home and Auto and under its own name,

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Study confirms auto injury losses skyrocketing in the U.S.

January 20, 2004 by Canadian Underwriter

While it may not come as news to Canadian insurers, a new U.S. study confirms that in that country, auto injury losses are skyrocketing despite a decline in serious injuries due to auto accidents.The study, by Pennsylvania-based Insurance Research Council

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Insurers prepared for Alberta auto rebates while reform talks continue

January 20, 2004 by Canadian Underwriter

About 90% of the auto insurance companies in Alberta had filed for rate rebates or credits as of January 14, although customers may wait months to actually receive their rebate.The rollbacks are part of a provincial government plan to reform

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New car owners lack insurance knowledge

January 15, 2004 by Canadian Underwriter

New car owners know far more about the vehicle they are purchasing than they do about the insurance they buy to cover it, says a study by U.S. insurer Progressive.The survey of new car buyers should that while 98% could

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MPI net income up despite claims growth

January 15, 2004 by Canadian Underwriter

For the first three quarters ending November 30, 2003, Manitoba Public Insurance (MPI) is reporting growth in net income to $38.7 million, up from $23.1 million for the same period a year earlier.Investment income was almost double, hitting $85.4 million