Topic
Insurance
York police warn about home improvement scams
August 7, 2012 by Canadian UnderwriterPolice in Ontario’s York Region are warning about home improvement scams, cautioning residents of the area to determine in advance of a project if their contractors are licensed, properly insured and meet their specific needs. The York Regional Police (YRP)…
OSFI updates Corporate Governance Guidelines with proposals around risk management
August 7, 2012 by Canadian UnderwriterCanada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is seeking comment on its Draft Revisions to the Corporate Governance Guideline, which, among other things, emphasizes the commitment of the organization to risk management principles. The draft…
More than 600 claims received related to Manitoba storm
August 3, 2012 by Canadian UnderwriterHigh winds and heavy rain on July 29 have prompted more than 600 claims to be filed with Manitoba Public Insurance (MPI) to date. Figures from MPI show that it had received 615 related claims as of August 3. Of…
AIG reports net income of $2.3 billion in 2012 Q2
August 3, 2012 by Canadian UnderwriterAmerican International Group, Inc. (NYSE: AIG) reports net income of $2.3 billion attributable to AIG and after-tax operating income of $1.9 billion in 2012 Q2. Compare that to $1.8 billion and $1.2 billion, respectively, for the second quarter of 2011,…
Preparation, patience and care to help keep roads safe on the long weekend
August 3, 2012 by Canadian UnderwriterLong 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’s second quarter net income grows more than 20%
August 3, 2012 by Canadian UnderwriterAllianz 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…
Researchers say earthquake risk looms large for southern Oregon coast
August 2, 2012 by Canadian UnderwriterA 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…
Willis Group Holdings plc posts $107 million in net income for second quarter of 2012
August 2, 2012 by Canadian UnderwriterReported 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’s half-year results show growth in personal and commercial lines
August 2, 2012 by Canadian UnderwriterRSA 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…
Keal Technology delivers e-doc solution to Intact brokers
August 2, 2012 by Canadian UnderwriterIntact 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…
Keal Technology to Deliver CSIO Compliant e-doc Solution to Intact Insurance Brokers
August 2, 2012 Keal TechnologyTORONTO— July 30, 2012 —Intact Insurance and Keal Technology, a leading provider of broker management systems, have completed the development of an electronic document (e-doc) solution that will allow brokers to download policy information of their personal lines clients insured…
Intact’s net operating income reaches $180 million in 2012 Q2
August 1, 2012 by Canadian UnderwriterImproved 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…