Topic
Insurance
Keal Technology Works with iter8 Inc. & Unica Insurance to Implement keal connect – An Award Winning Solution for the Independent Broker
June 20, 2012 Iter8June 2012: Keal Technology, a Canadian software application developer servicing Canadian insurance and financial brokerages is pleased to announce that their keal connect solution has won the 5th annual 2011 CSIO Annual Achievement Award which recognizes the most innovative use…
Applied Systems appoints Jeffrey D. Purdy senior vice president and general manager for Canada
June 19, 2012 Applied Systems Canada Inc.Canadian insurance industry veteran to oversee Compu-Quote integration and Epic introduction into Canadian market University Park, Ill. – June 19, 2012 – Insurance software company Applied Systems today announced that Jeffrey D. Purdy has been appointed senior vice president and…
ACE Canada Launches New Professional Risk Product to Address Challenges Faced by Design Professionals
June 19, 2012 ACE CanadaTORONTO, June 19, 2012 – ACE Canada, the Canadian-based operating division of the ACE Group, today announced the launch of ACE Advantage® Architects and EngineersSM professional liability insurance. This new product provides domestic and international coverage against the numerous perils…
Government establishes new safety and security program in Regina
June 19, 2012 by Canadian UnderwriterRegina will serve as home to the new Canadian Safety and Security Program (CSSP), which seeks to strengthen the country’s public safety and national security priorities. The program aims to enhance Canada’s ability to anticipate, prevent, prepare for, respond to…
Insurers to target social media and cloud computing in IT: Deloitte
June 19, 2012 by Canadian UnderwriterProperty and casualty insurance companies must address a range of “disruptive” technologies to succeed in a changing competitive marketplace, according to a recent report from Deloitte Consulting L.L.P. The notion of “maintaining a high level of operational efficiency (is) merely…
Flood warning issued for Upper Fraser River in B.C.
June 19, 2012 by Canadian UnderwriterThe B.C. River Forecast Centre issued a flood warning on June 19 for the Upper Fraser River, after heavy rainfall triggered evacuation alerts and a local state of emergency in neighbouring communities. Between 30 and 75 millimetres of rain have…
Texas hailstorm damage may reach $2 billion in insured losses
June 19, 2012 by Canadian UnderwriterA hailstorm that pounded the Dallas area on June 13 could result in insurance claims of up to $2 billion, according to the Southwestern Insurance Information Service (SIIS). “Based upon the claims filed within the past 36 hours, this storm…
ACE Canada introduces BrokerPass to help placement of local-admitted insurance policies
June 19, 2012 by Canadian UnderwriterACE Canada, the Canadian-based operating division of ACE Group, has introduced an easy-to-use option for Canadian brokers to coordinate placement of local-admitted insurance policies. “This efficient and seamless application benefits ACE’s brokers and clients by reducing the operational hurdles often…
CARSTAR’s ninth annual Soaps It Up event raises more than $101,000 for Cystic Fibrosis Canada
June 19, 2012 by Canadian UnderwriterCARSTAR Collision & Glass Centres across North America raised $101,340.01 for Cystic Fibrosis Canada and local fundraising groups in the ninth annual Soaps It Up National Car Wash Fundraiser on June 9. CARSTAR thus reached its $2-million milestone in funds…
Apparent lack of concern over possibility of directors and officers being sued disconcerting: Chubb survey
June 18, 2012 by Canadian UnderwriterPast lawsuits and increased merger and acquisition (M&A) activity have done little to curb the apparent, “disconcerting” lack of concern among directors and officers about the possibility of being sued. Public company executives may be in for surprise lawsuits if…
IBAC announces Elite Force-Best Practices Producer Academy will be offered in September
June 18, 2012 by Canadian UnderwriterInsurance Brokers Association of Canada (IBAC) and its member associations have announced that the Elite Force-Best Practices Producer Academy will be offered in Toronto starting this September. Now in its fourth year, the sales training program for producers is an…
RiverStone reaches agreement to purchase outstanding shares of Brit Insurance
June 18, 2012 by Canadian UnderwriterRiverStone, a runoff subsidiary of Fairfax Financial Holdings Limited, has reached an agreement with Brit Group to purchase all outstanding shares of Brit Insurance Limited (BIL). RiverStone will purchase BIL at a discount to its book value — which was…