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Preparation, patience and care to help keep roads safe on the long weekend

August 3, 2012 by Canadian Underwriter

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

News Climate ChangeInsuranceMergers and Aqcuisitions

Allianz’s second quarter net income grows more than 20%

August 3, 2012 by Canadian Underwriter

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

News Climate ChangeInsuranceMergers and Aqcuisitions

Researchers say earthquake risk looms large for southern Oregon coast

August 2, 2012 by Canadian Underwriter

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

News InsuranceMergers and Aqcuisitions

Willis Group Holdings plc posts $107 million in net income for second quarter of 2012

August 2, 2012 by Canadian Underwriter

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,

News Earnings / RatingsInsuranceMergers and Aqcuisitions

RSA Canada’s half-year results show growth in personal and commercial lines

August 2, 2012 by Canadian Underwriter

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

News InsuranceMergers and Aqcuisitions

Keal Technology delivers e-doc solution to Intact brokers

August 2, 2012 by Canadian Underwriter

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

News InsuranceMergers and Aqcuisitions

Intact’s net operating income reaches $180 million in 2012 Q2

August 1, 2012 by Canadian Underwriter

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

News InsuranceLegalMergers and Aqcuisitions

Ontario safety blitz launched to combat distracted driving

August 1, 2012 by Canadian Underwriter

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

News Insurance

EZ-Docs enhancement supports broker efficiency

August 1, 2012 by Canadian Underwriter

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

Dr. Pierre Ct, Associate Professor, Health Sciences, University of Ontario Institute of Technology
Feature

Coming of Age

August 1, 2012 by Canadian Underwriter

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- Bertil Olsson, Marsh
Feature

Moves & Views

August 1, 2012 by Canadian Underwriter

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

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Auto theft rate in Quebec continued to fall in 2011

July 31, 2012 by Canadian Underwriter

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