Topic
Insurance
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…
Ontario safety blitz launched to combat distracted driving
August 1, 2012 by Canadian UnderwriterTraffic 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…
Methodology must acknowledge differences between traditional insurance and banking: think-tank
August 1, 2012 by Canadian UnderwriterAn insurance economics think-tank recommends revisiting proposed criteria designed to prevent destabilization of the financial system should a very large insurer collapse, including reversing the view that certain situations are detrimental. The comments were made as part of The Geneva…
EZ-Docs enhancement supports broker efficiency
August 1, 2012 by Canadian UnderwriterRSA 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…
Auto theft rate in Quebec continued to fall in 2011
July 31, 2012 by Canadian UnderwriterThe 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…
B.C. privacy watchdog probes licence plate recognition program
July 31, 2012 by Canadian UnderwriterA technology meant to help in the war on auto theft has come under fire, launching a review by the Office of the Information & Privacy Commissioner for British Columbia. Commissioner Elizabeth Denham says her office is now reviewing automatic…
Layne Gardner joins Malik, Giffen & Burnett Claims Consultants Inc.
July 31, 2012 by Canadian UnderwriterMalik, Giffen & Burnett Claims Consultants Inc. (MGB) has named Layne Gardner as the specialized adjusting firm’s new executive general adjuster. Gardner, who joined the firm effective July 11, brings to the position more than a decade of experience as…