Topic
Insurance
CNA Canada joins cargo theft fight using new information-sharing tools
October 5, 2012 by Canadian UnderwriterInsurer CNA Canada has joined a countrywide initiative to fight cargo and heavy equipment theft by using two national information-sharing systems, recently launched in Canada. CargoNet and the National Equipment Register (NER) launched in Canada last month, with several industry…
A.M. Bests Leading Analysts Explore U.S. Surplus Lines, Trade Credit Insurance and Asia-Pacific Reinsurance Sector [Video]
October 4, 2012 A.M. Best Co.A.M. Best Co.’s latest episode of “First Monday” features commentary pertinent to the U.S. surplus lines market by A.M. Best’s leading analysts. The August 2012 episode of “First Monday” includes: — Price Firming Seen in U.S. Surplus Lines…
CNA Canada Employs CargoNet and NER to Support Policyholders in Fight against Cargo and Heavy Equipment Theft
October 4, 2012 Canadian Underwriter magazineCNA, a global business insurer, announced today that they are using CargoNet and the National Equipment Register (NER) — two national information sharing systems designed to help policyholders combat the growing problems of cargo and heavy equipment theft. CargoNet and…
Ontario auto insurance industry could be tougher on fighting fraudulent claims: lawyer
October 4, 2012 Harmeet Singh, Online EditorOntario’s auto insurance industry isn’t in as bad a situation as than many may think, but it should take a much tougher stance when taking on fraudulent claims, according to one Toronto lawyer. “I think with the last reforms for…
CloudInsure, Guy Carpenter partner on cloud coverage
October 4, 2012 by Canadian UnderwriterCloudInsure, a cloud insurance platform, has partnered with reinsurance intermediary Guy Carpenter & Co. to reach more primary insurers with its privacy and security liability coverage. CloudInsure, a subsidiary of Cyber Risk Partners, is designed to address liabilities in cloud…
Allied World expects $40 million in crop and catastrophe losses from U.S. drought in Q3
October 4, 2012 by Canadian UnderwriterSwitzerland-based Allied World Assurance Company expects about $40 million of crop reinsurance related losses and expenses in the third quarter of this year from severe drought conditions in the Midwestern United States. That is in addition to anticipated crop losses…
Four homes, bridge destroyed by southern Manitoba grass fires
October 4, 2012 by Canadian UnderwriterManitoba fire departments have continued to fight grass fires that began earlier in the week in the southeast part of the province, after four homes and a timber bridge were destroyed. Four homes in and around the town of…
AMF could limit insurance M&A after market concentration raises concerns
October 3, 2012 by Canadian UnderwriterThe head of Quebec’s financial regulator sees little opportunity for more merger and acquisition activity in the province’s property and casualty insurance industry, after recent moves have caused more market concentration. The consolidation level in the Quebec P&C market is…
Canadian Trucking Alliance partners with CargoNet to fight cargo theft
October 3, 2012 by Canadian UnderwriterThe Canadian Trucking Alliance has partnered with CargoNet to combat heavy cargo theft and similar crimes in Canada. CargoNet, an information-sharing system developed by Verisk Crime Analytics, launched in Canada in September. A group of CTA member carriers will now…
Ontario specialty insurance provider launches two new products
October 3, 2012 by Canadian UnderwriterSpecialty insurance provider Frank Cowan Company has launched two new programs, addressing what it calls underserved demands in the market. The Community Services and Disability Support programs respond to unique risks faced by social services workers, the Princeton, Ont.-based company…
Keal Technology Delivers on Real-Time Policy Change
October 3, 2012 Keal TechnologyKeal Technology proudly announce the delivery of real-time, round-trip, policy change capability that starts and ends in Keal’s broker management system. TORONTO, Ontario, Canada — Keal Technology, software provider for Canadian Insurance brokers, proudly showcased the first real-time, round-trip, policy…
Upgraded CSIOnet version to go live Oct. 11
October 3, 2012 by Canadian UnderwriterThe Centre for Study of Insurance Operations will update its CSIOnet virtual private network (VPN) gateway to version 7.1, which will go live on Oct. 11. CSIO has worked with carriers and broker management system (BMS) vendors to test the…