Topic
Insurance
AGREEMENT REACHED TO ELIMINATE CONFUSION IN INSURANCE RESTORATION MARKETPLACE
May 11, 2012 Canadian Underwriter magazineBERKLEY, Mich., May 2012 — CRDN, an international organization of textile restoration experts serving the insurance industry, and Esporta Wash Systems Inc., inventors and manufacturers of a patented washing system and detergents, have come to an agreement to discontinue the…
Canadian Underwriter launches new real-time news feed
May 11, 2012 by Canadian UnderwriterCanadian Underwriter magazine has launched inswire, a new real-time information web stream for the property and casualty insurance market. Online visitors will gain entry to what amounts to an ‘insurance newswire’, benefiting from a real-time industry news feed streamed live…
Keal Technology Delivers on eDoc
May 11, 2012 Keal TechnologyTORONTO, Ontario, Canada — May, 2012 — Keal Technology, software provider for Canadian insurance brokers, announces they are making available to insurers effective May 14th 2012 its Centre of the Study of Insurance Operations (CSIO) electronic document (eDoc) in CSIO…
Finance department receives mixed feedback on P&C demutualization
May 11, 2012 by Canadian UnderwriterA summary of submissions to the federal government on demutualization shows some important differences in viewpoints on how mutual property and casualty insurers should be allowed to become share companies. The Department of Finance received more than 80 submissions from…
Applying insurance deductibles to a condo building infested with marijuana grow-ops
May 11, 2012 by Canadian UnderwriterHere’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana…
Risk Control Technologies introduces iPad App
May 10, 2012 by Canadian UnderwriterLoss control managers now have access to an iPad app that provides another option for field inspectors using Risk Control Technologies Inc.’s RC inspection loss control solution. Users can complete their work in an offline state (if required), as well…
EGI witnesses improved results in Q1 2012
May 10, 2012 by Canadian UnderwriterEGI Financial Holdings Inc.’s net income for Q1 2012 rose 25% over the same period in 2011, largely in response to the numbers of written premiums and investment income. The company witnessed a 42% increase in written premiums in Q1 2012…
B.C.’s auto insurer commits to consulting with brokers about risk-based pricing
May 10, 2012 by Canadian UnderwriterBritish Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize…
Safety advances could spell end of auto insurance: Celent
May 10, 2012 by Canadian UnderwriterThe auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology…
Alberta eager to import Ontario brokers’ forthcoming mobile app
May 10, 2012 by Canadian UnderwriterThe Insurance Brokers Association of Alberta (IBAA) intends to import Ontario’s forthcoming broker mobile application technology to its home province. “At our annual general meeting [on May 6-9], our members definitely voted to be one of the first to sign…
Nova Scotia brokers want to put the onus on oil companies for oil tank maintenance, replacement
May 10, 2012 by Canadian UnderwriterNova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president…
The League of Ordinary Gentlemen Presents: MUSIC HEALS Charity Event
May 10, 2012 Canadian Underwriter magazine“One of Our Own” Needs our Support! We are pleased to host a charity event in support of a good friend and tireless supporter of the League. As many of you are aware, Kadey Schultz’s son Emery was recently diagnosed…