Topic
Insurance
P&C industry loss reserve position stable: Conning
May 21, 2013 by Canadian UnderwriterThe U.S. property and casualty insurance industry released in excess of US$10.5 billion in reserves in 2012 but the industry loss position is either stable or improved from 2011, according to a report released this week by Conning & Company.…
STRONE and Itech Increase Service Coverage with New Belleville Branch
May 21, 2013 STRONE-ItechSTRONE and Itech – Your Complete Emergency Solution for Restoration and Remediation services – are pleased to announce the opening of the newest joint branch in Belleville, Ontario. The new location at 406 Maitland Drive (Unit 6) in Belleville will…
Ontario Provincial Police lay over 8,000 charges during Victoria Day long weekend
May 21, 2013 by Canadian UnderwriterThe Ontario Provincial Police (OPP) have reported two fatalities over the Victoria Day long weekend, one involving a pedestrian and a distracted driver. A 79-year-old woman was killed after being struck by a driver who was reportedly using a handheld…
Risk management strategies must address “insider threats”: report
May 21, 2013 by Canadian UnderwriterWhile nearly two thirds of Canadian organizations included in a recent survey say they’re prepared to handle “insider threats,” only about one in seven have a specific internal definition of what those threats could be, according to a report from…
Ontario NDP to support provincial budget
May 21, 2013 by Canadian UnderwriterOntario NDP leader Andrea Horwath has announced that she will support the governing Liberal Party’s budget for 2013-14, which includes plans to reduce auto insurance rates in the province by an average of 15%. Following the tabling of the budget…
XL Group inland marine unit to offer truck cargo coverage
May 21, 2013 by Canadian UnderwriterXL Group plc (NYSE: XL) announced Tuesday that its inland marine division it is offering customized coverage for mid to large-sized trucking operations in North America, including errors and omissions, employee tools, accounts receivable and temperature control system breakdown. The…
Cira Medical Services Opens Discussion on IME Industry-Wide Change
May 21, 2013 SCM Insurance ServicesLaunch of White Paper on Emerging Trends and the Future of the IME Industry Toronto—Cira Medical Services (Cira), a Canadian market leader in clinical risk management, released a new publication today titled “Emerging Trends in the Independent Medical Evaluation (IME)…
U.S. commercial lines composite rate index up 5% in April: MarketScout
May 21, 2013 by Canadian UnderwriterThe composite rate index for U.S. property, casualty and professional liability business is plus 5%, matching the increase from March 2013, according to MarketScout, a Dallas-based insurance exchange with 35,000 users throughout the United States, mainly independent retail agents. Commercial…
Transparency key for brokers to retain customer confidence, keep their brand positive
May 17, 2013 Greg Meckbach, Associate EditorProspective insurance clients are becoming more sophisticated, carriers and brokers need to provide full disclosure to their clients and one misstep can ruin your brand, suggests Bob Dempsey, president and chief operating officer of the Guarantee Company of North America.…
Canadian occupational therapists launch new resources for older driver safety
May 17, 2013 by Canadian UnderwriterThe Canadian Association of Occupational Therapists has developed a new set of resources for older drivers in the country. The resources, which includes a new Older Driver’s Safety website, are also aimed at families of older drivers, and also healthcare…
32.4 million people displaced from homes because of disasters in 2012
May 17, 2013 by Canadian UnderwriterMore than 32 million people worldwide were forced to leave their homes last year because of disasters such as floods, storms and earthquakes, according to a recent report from the Internal Displacement Monitoring Centre. In 2012, of the roughly 32.4…
Insurance Bureau of Canada Appoints Amanda Dean Vice-President, Atlantic Canada
May 17, 2013 Insurance Bureau of Canada(Halifax) — Insurance Bureau of Canada (IBC), the national trade association for Canada’s private home, car and business insurers, has announced the promotion and appointment of Amanda Dean as Regional Vice President, Atlantic Canada. Ms. Dean will be responsible for…