Canadian Underwriter

Segment
Claims


News AssociationsClimate ChangeInsuranceMergers and Aqcuisitions

Alberta imposes broad wildfire ban

May 15, 2012 by Canadian Underwriter

Alberta has imposed a fire ban for forested lands over a swath of the province, almost one year after a wildfire levelled a large part of Slave Lake, Alberta. The Slave Lake wildfire on May 14, 2011, still currently under

News InsuranceLegalMergers and Aqcuisitions

No need for damages to be formally quantified before a plaintiff can launch action against own insurer in underinsured motorist case

May 15, 2012 by Canadian Underwriter

A plaintiff does not need to have damages quantified by settlement or judgment before proceeding with an action against his own insurer under the inadequately insured motorist provision of an auto insurance policy, the Ontario Court of Appeal has ruled.

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

ICBC gears up for public consultation on rates

May 15, 2012 by Canadian Underwriter

British Columbia’s public auto insurer will be holding open house sessions on how its premiums should be determined and whether higher-risk drivers should be penalized with higher rates. The public sessions, running across the province from May 22 to June

News InsuranceMergers and Aqcuisitions

General insurance segment of Zurich Insurance Group increases profit in 2012 Q1

May 15, 2012 by Canadian Underwriter

Zurich Insurance Group’s general insurance segment reported a $576-million increase in its business operating profit in 2012 Q1, reflecting a lower number of catastrophe events compared to the same period last year. The general insurance segment’s quarterly profit rose from

News InsuranceMergers and Aqcuisitions

Aon Risk Solutions Canada makes two appointments in global/large business division

May 15, 2012 by Canadian Underwriter

Craig Gilmour has been appointed Aon Risk Solutions Canada’s new executive vice president of global/large business. As part of his responsibilities, Gilmour will oversee several groups, including financial services, risk consulting, risk control, real estate and actuarial consulting, as well

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Quebec drivers most satisfied with auto insurance, B.C. drivers the least: survey

May 14, 2012 by Canadian Underwriter

Quebec drivers are happiest with their auto insurance product, while British Columbia drivers are the most critical of theirs, based on a recent online survey conducted by InsurEye. The Canadian company provides online analysis to help buyers manage their insurance.

News InsuranceLegalMergers and Aqcuisitions

Opportunity exists for B.C. condo unit owners to challenge fairness of deductible downloading bylaws

May 11, 2012 by Canadian Underwriter

B.C. condo unit owners have yet to take a run at challenging the fairness of deductible downloading bylaws of strata corporations, although case law seems aligned for such an opportunity. Krista Prockiw of Alexander Holburn Beaudin & Lang LLP mentioned

News InsuranceLegal

Finance department receives mixed feedback on P&C demutualization

May 11, 2012 by Canadian Underwriter

A summary of submissions to the federal government on demutualization shows some important differences in viewpoints on how mutual property and casualty insurers should be allowed to become share companies. The Department of Finance received more than 80 submissions from

News InsuranceLegalMergers and Aqcuisitions

Applying insurance deductibles to a condo building infested with marijuana grow-ops

May 11, 2012 by Canadian Underwriter

Here’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana

News Climate ChangeInsurance

EGI witnesses improved results in Q1 2012

May 10, 2012 by Canadian Underwriter

EGI Financial Holdings Inc.’s net income for Q1 2012 rose 25% over the same period in 2011, largely in response to the numbers of written premiums and investment income. The company witnessed a 42% increase in written premiums in Q1 2012

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

B.C.’s auto insurer commits to consulting with brokers about risk-based pricing

May 10, 2012 by Canadian Underwriter

British Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize

News InsuranceMergers and Aqcuisitions

Safety advances could spell end of auto insurance: Celent

May 10, 2012 by Canadian Underwriter

The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology