Ontario’s broker self-regulator has witnessed enough of an increase in inducements and sales incentives to issue a bulletin to brokerage principals throughout the province. The Registered Insurance Brokers of Ontario (RIBO) sent the notice last month. “We are seeing a…
Unusually warm spring weather triggered ice jams that resulted in severe flooding along the St. John River in western New Brunswick. Early damage estimates are $25 million. A state of emergency was declared in Perth-Andover on Mar. 23, with approximately…
The perpetrator of natural catastrophe losses in the United States appears to be changing, with severe thunderstorm losses supplanting hurricane losses as the chief culprit. Overall, natural Natural catastrophe events in the United States are definitely on the upswing, with…
Climate change and disaster risks should be regular touch points for discussion among world leaders gathering at G20 summits, according to Rowan Douglas, chief executive of Willis Re Analytics. Douglas told a major scientific conference in London, United Kingdom that…
CSN Collision & Glass is expanding further into Western Canada, adding Jack Schultz Auto Body from Prince George, British Columbia. Lee J. Leslie is the general manager of Jack Schultz Auto Body-CSN, which has been in existence for more than…
Business property insurer FM Global increased its premium base in 2011, helping to offset record-high net losses incurred from disasters in 2011. FM Global reported $5.1 billion of gross premium in 2011, an increase of 5.4%. In addition, it reported…
TORONTO, March 19, 2012 /CNW/ – Recently, the federal government introduced Bill C-12 that contains amendments to the Personal Information Protection and Electronic Documents Act (PIPEDA) and will require organizations that have suffered a privacy breach to notify affected individuals. Further,…
B.C. Minister of Justice and Attorney General Shirley Bond and the president of the Fire Chiefs’ Association of B.C., Surrey Fire Chief Len Garis, have launched a smoke alarm campaign that includes a proposal linking annual insurance renewals to fire…
The New York Senate has passed three bills intended to help combat auto fraud. One bill creates the crimes of staging a motor vehicle accident in the first, second and third degrees. Specifically it prohibits acting as a passenger or…
Canadians may have a misplaced confidence in the quality of their water infrastructure, according to the fifth annual RBC Canadian Water Attitudes Study. In a sample of more than 2,428 adult Canadians, about 80% of respondents reported feeling no need…
Automobile dealerships in British Columbia may face more stringent educational and licensing requirements in selling “secondary automobile insurance products,” according to the Insurance Council of British Columbia. Dealerships in the province have been allowed to market secondary products, such as…
Risk managers and corporate executives identified intensifying economic uncertainty, increasing regulations and growing competition as the top three risks facing their organizations in a recent poll by PricewaterhouseCoopers LLP (PwC). The survey, which tapped more than 1,000 executives and risk…