Topic
Insurance
Women arrested for driving while intoxicated in the United States increased between 1998 and 2007: study
January 6, 2012 by Canadian UnderwriterThe number of women arrested in the United States for driving while intoxicated (DWI) increased nearly 30% in the decade between 1998 and 2007, according to the Traffic Injury Research Foundation (TIRF).In TIRF’s report, State of Knowledge: Female Drunk Drivers,…
FSCO releases Cost of Goods guideline in response to Anti-fraud Task Force
January 6, 2012 by Canadian UnderwriterOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), has released a Cost of Goods Guideline in response to a recommendation by the Auto Insurance Anti-fraud Task Force.The Anti-fraud Task force released an interim report in early December, reflecting…
Impact Auto opens second Calgary-area location
January 6, 2012 by Canadian UnderwriterImpact Auto Auctions, a Canadian automotive salvage management company and a wholly-owned subsidiary of KAR Auction Services Inc. (NYSE: KAR), has opened a second Calgary-area location in Airdrie, Alberta.The new location, known as Calgary North, doubles Impact’s capacity in the…
Belfour enters Quebec market with acquisition of Laurier Restoration
January 6, 2012 by Canadian UnderwriterBelfor (Canada) Inc. has acquired Laurier Restoration Inc. Laurier is a Montreal-based restoration contracting firm owned and operated by Ian Thomas. Thomas will remain with the company as branch manager of the Montreal location. He said he is committed to…
GIFFIN KOERTH ANNOUNCES A NEW HIRE TO THE CIVIL ENGINEERING GROUP
January 6, 2012 Canadian Underwriter magazineGiffin Koerth is pleased to welcome Milan Cerovina to the Civil Engineering Group. Milan has a Bachelor of Science in Mechanical Engineering degree from the University of Belgrade, Serbia, and joins us with 13 years of relevant experience. For more…
Network outage poses huge risk to retailers relying on online shoppers: Lloyd’s
January 5, 2012 by Canadian UnderwriterThe increasing popularity of online shopping presents heightened and expanding risks for retailers, including a network outage or downtime during a busy trading period, warns Lloyd’s.In a report, Online Shopping Delivers Greater Retailer Risk, published on its website, Lloyd’s said…
OSFI adds unpaid claims and loss ratio analysis to electronic filing returns
January 5, 2012 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) has added ‘Unpaid Claims and Loss Ratio Analysis Exhibit’ to the list of returns to be uploaded via the automated data transfer (ADT) site. The addition of the unpaid claims and…
Use of telematics to surge in personal lines: Celent
January 5, 2012 by Canadian UnderwriterThe use of telematics, particularly in auto lines, will become commonplace, leaving insurers unwilling to make the investment in a position of adverse selection, reported Celent.In its report, Telematics-Based Insurance: Has its Time Finally Arrived? Celent notes that several big…
2010-11 cat losses have not yet driven up demand for reinsurance capacity: Aon Benfield
January 5, 2012 by Canadian UnderwriterThe unusual combination of catastrophic losses occurring in 2010-11 has not yet driven affected insurers to seek more capital, purchase higher reinsurance limits or raise prices/decrease exposures materially for the insurance products they sell, a report from Aon Benfield says.“However,…
FSCO issues warning notice about Kenneth Gibson, Easy Trust Group
January 5, 2012 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) is warning consumers that Kenneth Gibson is not licensed to do insurance business in Ontario as an insurance agent.FSCO said in a statement posted online that Gibson appears to be affiliated with Easy…
XN Financial appoints Keith Doan as senior vice president of casualty, management liability and specialty lines for North America
January 5, 2012 by Canadian UnderwriterXN Financial has appointed Keith Doan as senior vice president of casualty, management liability and specialty lines underwriting practices for North America. Prior to joining XN Financial, Doan held senior positions with AON Ltd., Marsh USA and Chubb Insurance. Doan’s…
Paul Davis Systems Canada Personnel Announcement: Daniel Rha
January 4, 2012 Paul Davis SystemsPaul Davis Systems Canada is pleased to announce the addition of Daniel Rha as the Business Development Director for Western Canada. Daniel has previously held various account management and business development roles and, comes to Paul Davis Systems Canada with…