Long weekends can exact a heavy toll on roadways, necessitating the need for people to plan ahead and drive safely, cautions the Insurance Corporation of British Columbia. An average of five people are killed and 533 injured in 1,935 crashes…
Allianz recorded net income of 1.3 billion euros in 2012 Q2, representing a 23.2% increase over the same quarter in 2011, which had been affected by write-downs of Greek sovereign debt. The conglomerate followed up its strong start into 2012…
A comprehensive analysis by researchers at Oregon State University (OSU) suggests the southern Oregon coast, not so far from Vancouver Island, may be vulnerable to earthquake sometime in the next five decades. OSU researchers reached that conclusion, based on recurrence…
Reported net income from continuing operations at Willis Group Holdings plc was $107 million in 2002 Q2, up from $84 million in the second quarter of 2011. That translates to $0.61 per diluted share for the period ended June 30,…
RSA Canada reported strong top and bottom line performance across personal and commercial lines in the first half of 2012, producing a combined underwriting result of $96 million. Growth generated by both Johnson and personal intermediated businesses contributed to personal…
Intact Insurance and Keal Technology have taken another step forward in the development of an electronic document (e-doc) solution that will help brokers serve clients more easily and efficiently. The Intact-Keal e-doc allows brokers to download policy information of their…
Improved underwriting performance, growth in insurance portfolio and higher investment income helped Intact Financial Corporation reach $180 million in net operating income for 2012 Q2, up $85 million from the same quarter in 2011. “The initiatives we undertook over the…
Traffic safety partners in Ontario are reminding the public of the importance of remaining focused behind the wheel with the launch of an anti-distracted driving campaign. The South Central Ontario arm of the Canadian Automobile Association (CAA SCO), Ontario’s Ministry…
RSA is now successfully transmitting live policy documents to a broker system using the Centre for Study of Insurance Operations’ (CSIO) latest XML standards, a move meant to enhance broker efficiencies and streamline workflows. Brokers currently using RSA’s EZ-Docs tool…
FSCO’s recent report to the Ontario finance ministry suggests that evidence-based health care has taken centre stage in the province’s auto insurance system.
1 Marsh has appointed Bertil Olsson [1] as its North American energy practice leader, bringing the Canadian energy hub under his leadership to meet the demands of oil and gas companies for more seamless risk expertise and solutions. Having led…
The rate of auto theft continued its downward trend last year in Quebec, dropping 64% over the last decade, note new figures from the Groupement des assureurs automobiles (GAA). The theft rate (theft of whole vehicle) is 0.20% for all…