Topic
Insurance
Crawford & Company (Canada) Inc. Announces Officer Promotions
June 12, 2012 Crawford & Company (Canada) Inc.KITCHENER (June 11, 2012) – Crawford & Company (Canada) Inc. recently promoted three current officers, the Company announced today. “These individuals bring many years of valuable experience and knowledge to their new positions, as well as a passion and drive…
Elite Force Best Practices Producer Academy to be offered for 4th consecutive year by the Insurance Brokers Association of Canada (IBAC)
June 12, 2012 Canadian Underwriter magazineToronto, June 2012 – The Insurance Brokers Association of Canada (IBAC) and its member associations are pleased to announce that the premiere sales training program for producers – Elite Force – Best Practices Producer Academy will be offered again in…
IBC accuses critics of proposed CAT definition of “fear-mongering”
June 12, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) laid down the gauntlet against critics of the province’s recommended catastrophic (CAT) impairment definition, accusing them on June 12 of “fear-mongering.” IBC responded quickly to a media campaign mounted by trial lawyers and medical and…
Trial lawyers and rehab groups speak out against recommended catastrophic impairment definition
June 12, 2012 by Canadian UnderwriterThe Ontario Trial Lawyers Association (OTLA) and Alliance of Community Medical and Rehabilitation Providers are launching a media campaign against proposed changes to the definition of a catastrophic impairment for victims injured in car accidents. Currently, accident victims who are…
New CAT definition should not combine psychiatric or mental/behavioural impairments with physical impairments: FSCO
June 12, 2012 by Canadian UnderwriterOntario’s regulator is recommending to the finance minister that physical impairments should not be combined with psychiatric or mental/behavioural impairments for the purpose of determining a catastrophic injury. Ontario’s regulatory superintendent has thus adopted the recommendations of an expert medical…
Applied Systems announces Epic 7 – the first time the Epic system will enter the Canadian market
June 12, 2012 Canadian Underwriter magazineUniversity Park, Ill. – June 12, 2012 – Insurance software company Applied Systems announced it will release Epic® 7, the upcoming version of the insurance industry’s fastest-growing agency and brokerage management system, in the first quarter of 2013. The release…
Canadian travelers concerned about safety, but many don’t purchase travel insurance: Desjardins survey
June 12, 2012 by Canadian UnderwriterAbout 66% of Canadians surveyed by Desjardins Financial Security expect to travel within Canada in 2012 and yet almost one-quarter of these travelers aren’t planning on purchasing travel insurance. The 2012 Desjardins Financial Security national health survey surveyed 1,529 Canadians…
Applied Systems announces Epic 7 broker management system will come to Canada in 2013 Q1
June 12, 2012 by Canadian UnderwriterInsurance software company Applied Systems has announced it will release Epic 7, the upcoming version of the insurance industry’s agency and brokerage management system, in 2013 Q1. “The release of Epic 7 marks the first time the Epic system will…
Climate change to warm Canada with increased temperatures of up to 2C by 2020 and 4C by 2050
June 12, 2012 Canadian Underwriter magazineTORONTO, June 11, 2012 – Intact Financial Corporation and the University of Waterloo, along with more than 80 experts from across the country, released the Climate Change Adaptation Project report, which provides a roadmap for adaptation in Canada. It projects…
Canada’s P&C industry should be discussing earthquake preparedness with consumers
June 11, 2012 by Canadian UnderwriterProperty and casualty insurers frequently talk about their financial wherewithal to make claims payments following a major earthquake in Canada, but industry rarely mentions if it is prepared to deliver on the promise underlying its earthquake insurance policies, an audience…
Canada needs to prepare infrastructure for future precipitation fluctuations: climate change research
June 11, 2012 by Canadian UnderwriterCanada will continue to warm by as much as 2 C by 2020 and 4 C by 2050, prompting variable fluctuations in precipitation across the country, notes climate change research presented on June 11 by Intact Financial Corporation and the…
Italian earthquake causes $6.25 billion in economic losses: Aon Benfield
June 11, 2012 by Canadian UnderwriterEarthquakes that devastated northern parts of Italy caused $6.25 billion in total economic losses, but the insured damages are still being tabulated, notes a recent catastrophe report from Aon Benfield. “The Italian earthquakes resulted in the largest natural disaster loss…