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Industry “much healthier” than in 2003: IBAO panel

October 21, 2004 by Canadian Underwriter

Reflecting on the situation facing Ontario insurers a year ago, company CEOs say the picture this year is a much healthier one.A panel of insurance company CEOs addressed the industry’s financial outlook as well as the lingering issue of public

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Teen driving not viewed as problem: poll

October 21, 2004 by Canadian Underwriter

Although road accidents are the leading cause of death amongst young adults, a new poll is finding a surprisingly lack of concern about young driver safety.The poll, released by the Traffic Injury Research Foundation (TIRF) in Ottawa, finds that less

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Escalade and Maxima top IIHS theft lists

October 20, 2004 by Canadian Underwriter

In the U.S., the most stolen among new passenger vehicles are the 2002/3 Cadillac Escalade and the 2002/3 Nissan Maxima, according to the Highway Loss Data Institute (HDLI), an affiliate of the Insurance Institute for Highway Safety (IIHS).The IIHS says

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Subaru Impreza tops IBC “most stolen” list

October 20, 2004 by Canadian Underwriter

Topping both the list for the “most stolen” and “highest theft cost” this year is the Subaru Impreza (WRX 4DR AWD), according to the Insurance Bureau of Canada (IBC).In data compiled on 2002-2003 models, the Impreza had the highest theft

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Aon Re Rendezvous: Industry likely to maintain discipline

October 19, 2004 by Canadian Underwriter

The insurance industry may defy predictions that it will sink rapidly back into price competition given the number of lingering issues still hampering the industry.Speaking at the 3rd annual Aon Re Rendezvous, A.M. Best vice president John Andre says the

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What’s new: In brief (October 18, 2004)

October 18, 2004 by Canadian Underwriter

The 2004 Saab 9-3 has received the rare distinction of being named a “best pick” by the Insurance Institute for Highway Safety (IIHS) in both side impact and frontal offset crash tests. This is the first time a car has

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Pembridge cuts back business in Alberta

October 14, 2004 by Canadian Underwriter

While insurer Pembridge is not withdrawing from the Alberta auto market, the company is scaling back and restructuring its business there.A statement released this week says the insurer undertook a review of its operations in Alberta which led to the

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What’s new: In brief (October 14, 2004)

October 14, 2004 by Canadian Underwriter

Along with other changes now in place in Alberta’s auto insurance system, the government this week said a new complaint-handling procedure is in place. The system works in conjunction with the General Insurance OmbudService (GIO) and encourages consumers with a

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Aviva to test “pay for what you use” rating system

October 14, 2004 by Canadian Underwriter

Aviva Canada is planning to test a new auto rating system which would allow drivers to have premiums based on how much they use their vehicle.The new “Autograph” program will be tested early in 2005, and the insurer is currently

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Chubb tops claims survey again; industry numbers high

October 11, 2004 by Canadian Underwriter

Despite public backlash over auto insurance rates over the past few years, the industry continued to score relatively high marks for claims satisfaction in its largest market. The Ontario auto claims satisfaction survey, which includes 50 writers of personal lines

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MPI study highlights motorcycle risk

October 11, 2004 by Canadian Underwriter

Despite rising premiums for motorcyclists in Manitoba, other drivers continue to subsidize this high-risk group, according to a new survey released by that province’s public insurer.Analysis of claims figures shows that for motorcyclists to pay premiums consistent with their share

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MPI posts $40.8 million income in first-half 2004

October 5, 2004 by Canadian Underwriter

Manitoba Public Insurance (MPI) says it is “on target” for the first six months of its fiscal year. The province’s public auto insurer posted net income of $40.8 million for the first-half ending August 31, 2004, up from $39.2 million