Topic
Insurance
Challenging the Status Quo by Offering Innovative and Strategic Insurance Products with a Competitive Advantage While Managing Clients Risk Exposures
January 11, 2012 Canadian Underwriter magazineNational Brokers Insurance Services Inc., a Canadian, independent, privately held insurance brokerage, is getting a big business boost thanks to WEConnect Canada, a corporate-led organization that provides Canada’s premier certification program for women business owners. Joyce Usher-Mesiano, President is among…
Five strategies for insurer success in 2012: Ernst & Young
January 10, 2012 by Canadian UnderwriterErnst & Young has identified five strategies that U.S. property and casualty insurers need to explore in 2012 to improve their chances of success.“A low premium growth environment is expected to persist through 2012, adversely affecting insurer profitability and resulting…
2011 insured losses almost 300-times higher than 2010: Aon Benfield
January 10, 2012 by Canadian UnderwriterInsured losses rising from natural catastrophes in 2011 were more than 280% higher than insured losses seen in 2010, Aon Benfield reported in its annual catastrophe study. The report, published by Impact Forecasting, shows 253 separate events generated a record…
Estate of pilot who dies in plane crash is not entitled to insurance because the pilot’s medical certificate had expired before the crash
January 10, 2012 by Canadian UnderwriterThe estate of a pilot who died when he accidentally crashed his aircraft cannot collect insurance because the deceased pilot’s medical certificate had expired more than a year before the accident, the Alberta Appeal Court has ruled.The deceased pilot’s insurance…
CFC Underwriting launches new cyber liability policy to cover the cloud
January 10, 2012 by Canadian UnderwriterLloyd’s managing general agent CFC Underwriting has launched a new cyber liability wording to cover the risks of storing data “in the cloud.” A technology and cyber liability specialist, CFC says it has identified a gap in cover for firms…
State Farm Canada raises $75,300 for Southlake Regional Health Centre
January 10, 2012 by Canadian UnderwriterState Farm Canada’s Festival of Trees for Southlake raised $75,300 for Southlake Regional Health Centre in Ontario.This represents a $20,000 increase over the proceeds collected from last year’s event.The Festival of Trees ran from Nov. 14, 2011 to Jan. 2,…
eValuate CANADA ANNOUNCES NEW HIRE BRENT POZZO
January 10, 2012 Rochon Engineering Inc.eValuate Canada is pleased to announce the addition of Brent Pozzo CIP to its team of Building Consultants. Brent comes with a wealth of experience in the insurance industry both on the building damage appraisal side and on the adjusting…
Canadians Wanting 2nd Medical Opinion Can Now Access Global Network of 17,000 Physicians
January 10, 2012 Canadian Underwriter magazineSeeking second opinion altered diagnosis in almost 1 in 5 medical cases and treatment plans in 71% of cases, according to independent study Monarch Intermediaries Inc. has launched Canada’s first Property & Casualty (P&C) brokerage-based program providing employees of businesses…
Harmonized policy on the use of credit information in underwriting will not happen: CCIR
January 9, 2012 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) is currently reviewing the results of a consultation it conducted last year on credit scoring, but it doesn’t appear likely that a harmonized approach to credit scoring will be the outcome.“Frankly, there will…
CCIR to tackle P&C managing general agents and electronic commerce in 2012
January 9, 2012 by Canadian UnderwriterThe Canadian Council of Insurance Regulators (CCIR) is working towards making two issues papers available in 2012.Currently, the CCIR is working on finalizing recommendations from industry consultation related to the managing general agents distribution model in the life insurance industry.…
The Dominion becomes title sponsor of TSN’s annual curling skins event
January 9, 2012 by Canadian UnderwriterTSN has announced a new multi-year curling partnership with The Dominion that will see the insurance company become the title sponsor of TSN’s annual curling skins event. Beginning January 2013, The Dominion All-Star Curling Skins Game features the top men’s…
A.M. Best maintains stable outlook for personal, reinsurance market segments; negative for commercial
January 9, 2012 by Canadian UnderwriterA.M. Best is maintaining stable outlooks for both the U.S. personal lines and reinsurance markets, but the outlook for the commercial market is negative amid catastrophes and competition. U.S. personal lines continue to benefit from solid performance in auto insurance,…