Topic
Insurance
David Crozier leaves Economical to pursue other endeavours
July 9, 2012 by Canadian UnderwriterEconomical Insurance announced on July 9 that David Crozier, the company’s senior vice president of operations, has left the company to pursue other endeavours. “We acknowledge David’s positive contributions to the company over the past six years as vice-president of…
Sean Forgie joins Cunningham Lindsey’s commercial risk division
July 9, 2012 by Canadian UnderwriterSean Forgie has joined Cunningham Lindsey’s commercial risk division (CRD) team as national director of casualty/liability. As national director, Forgie will oversee the handling of complex liability claims conducted by the executive general adjusters, senior general adjusters and general adjusters…
Lightning strikes cost U.S. insurers $1 billion in 2011
July 9, 2012 by Canadian UnderwriterLightning strikes cost nearly $1 billion in insured losses in 2011, the Insurance Information Institute (I.I.I.) notes. An analysis of homeowners insurance data by the I.I.I. and State Farm found there were more than 186,000 lightning claims in 2011, down…
ICLR launches new website on basement flooding
July 9, 2012 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR), a centre for multi-disciplinary disaster prevention research and communications, has launched a new website to help reduce the chances of experiencing basement flooding and other types of water damage. In addition, the website,…
ICBC teams with Fix Auto in Alberta
July 9, 2012 by Canadian UnderwriterWith the Calgary Stampede starting this past weekend, the Insurance Corporation of British Columbia (ICBC) has signed an agreement with an Alberta-based repair shop network to handle potential claims from car accidents involving B.C. drivers. The public auto insurer notes…
Flooding in Thunder Bay, Montreal causes insured damage of $200 million
July 9, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC), citing data from Property Claim Services Canada (PCS-Canada), reports that the estimated insured damage caused by the recent wind and thunderstorm event that hit Ontario and Quebec amounts to more than $200 million. PCS-Canada tracks…
Flash storm hits northern regions of Calgary
July 6, 2012 by Canadian UnderwriterA flash storm packing both rain and hail on July 5 has left northern regions of Calgary to deal with a watery mess and to await the final tally on damages. An Environment Canada spokesperson confirmed more than 50 mm…
Proposed Northern Gateway Pipeline may be underinsured for liability: former ICBC exec
July 6, 2012 by Canadian UnderwriterEnbridge Inc. may not be carrying enough insurance coverage for its proposed Northern Gateway Pipeline Project, suggests a written submission prepared by economist Robyn Allan, a former CEO of the Insurance Corporation of B.C. (ICBC). The proposed $5.5-billion project would…
Aviva unveils strategic plan to shake up business, appoints Canadian CEO to group executive
July 6, 2012 by Canadian UnderwriterThe United Kingdom’s second largest insurer, Aviva, is launching an ambitious plan to narrow its focus, build financial strength and improve performance after a turbulent past few months that saw the departure of former chief executive Andrew Moss in early…
Deadline looms for uninsured/underinsured Thunder Bay residents to submit advance claims to the City for disaster assistance
July 6, 2012 by Canadian UnderwriterThunder Bay-area residents who did not have insurance, had inadequate insurance or had insurance that did not cover the flood damage incurred when heavy rains in late May unleashed enough water to overwhelm the city’s sewage treatment facility are reminded…
St. Catharines council to discuss support for non-profit, car-sharing initiative
July 6, 2012 by Canadian UnderwriterThe City of St. Catharines, Ontario is scheduled to discuss a car-sharing proposal at its next council meeting on July 9. The city is being asked to support, in principle, a partnership with the People’s Car Co-operative Inc. to establish…
Ontario drivers concerned about auto theft, but are not taking precautions
July 5, 2012 by Canadian UnderwriterMore than 60% of Ontario car owners surveyed by Angus Reid incorrectly believe they are fully covered by insurance if their vehicles are stolen. LoJack Canada, which distributes vehicle recovery and tracking systems, commissioned the online survey, which was conducted…