Topic
Insurance
STRONE Appoints Dave Leith as Vice President of Operations and Jack Doyle as Director of Commercial Losses
January 4, 2012 Strone Restoration ProfessionalsSTRONE is please to announce the appointment of Dave Leith to the role of Vice President of Operations and Jack Doyle to the role of Director of Commercial Drying. Dave’s extensive experience within the business industry as well as his…
IBAC Data Exchange Project moves closer to round-trip data transactions between brokers and insurers
January 3, 2012 by Canadian UnderwriterThe Insurance Brokers Association of Canada (IBAC) is moving onto the third phase of its Data Exchange Project.The intention of IBAC’s Data Exchange Project is to develop concurrent communication between broker and insurer systems within guidelines articulated by IBAC. These…
Economic turmoil more likely than natural catastrophes to spur market hardening: Willis Re
January 3, 2012 by Canadian UnderwriterA sustained market hardening in the global reinsurance market is more likely to be caused by economic turmoil than catastrophe losses, according to Willis Re’s ‘1st View’ report.Last year was the second-worst year for catastrophe losses (insured losses in excess…
Psychological and physical impairments can be combined to determine catastrophic impairment: Ontario Appeal Court
January 3, 2012 by Canadian UnderwriterPsychological impairments can be combined with physical impairments for the purpose of determining whether an injured person meets the 55% threshold for a catastrophic impairment of the whole person, the Ontario Court of Appeal has ruled in Kusnierz v. Economical…
Deborah M. Luthi begins term as RIMS president
January 3, 2012 by Canadian UnderwriterDeborah M. Luthi, enterprise risk manager for the San Francisco Public Utilities Commission, is the president of the Risk and Insurance Management Society (RIMS) for the 2012 term.Luthi has been a member of RIMS for almost 32 years and on…
Western Financial acquires Manitoba brokerage
January 3, 2012 by Canadian UnderwriterWestern Financial Group has acquired Roblin Insurance Travel and Realty Agencies Ltd. in Roblin, Manitoba. Founded in 1976, the Roblin brokerage will now operate as a Western Financial Group office. Terry Hawryluk will oversee the branch.“We will be bringing a…
Announcing eValuate Canada
January 3, 2012 Rochon Engineering Inc.As the newest operating division of Rochon Engineering, eValuate Canada provides a full menu of services geared to make life easier for Canada’s insurance industry. What makes us different? We have the in house engineering resources to simplify the claims…
Rochon Engineering Laboratory is now ISO 17025 accredited.
January 3, 2012 Rochon Engineering Inc.Rochon Engineering LP is extremely pleased to announce that the Rochon Engineering Laboratory has been ISO 17025 accredited by the Standards Council of Canada. http://www.scc.ca/en/news-events/accreditation-related-notices This high level of testing competency recognized by the International Organization for…
Prairies flooding tops Environment Canada’s list of severe weather stories in 2011
December 22, 2011 by Canadian UnderwriterFlooding in Western Canada topped Environment Canada’s list of ‘Top 10 Weather Stories for 2011,’ one step above the devastating wildfire in Slave Lake, Alberta.Overall, severe weather accounted for almost $1.5 billion worth of insurance claims payouts and adjustment expenses,…
November 2011 windstorms in Alberta cause $200-million worth of insured damage
December 22, 2011 by Canadian UnderwriterEstimated insured damage caused by windstorms that hit southern Alberta in November amounts to at least $200 million, Insurance Bureau of Canada (IBC) reports, citing a preliminary estimate reported by Property Claim Services Canada (PCS-Canada).Data collected by PCS-Canada, a service…
U.S. P&C industry sees underwriting losses swell to $30.5 billion: A.M. Best
December 22, 2011 by Canadian UnderwriterThe U.S. property and casualty industry’s net income plunged to $12.8 billion for the nine months ended Sept. 30, 2011, down from the net income of $33.0 billion for the same period of 2010, according to A.M. Best’s ‘Best’s Special…
“Two-speed” global insurance market amidst cat losses and plentiful capacity: Marsh
December 22, 2011 by Canadian UnderwriterCapacity in the global insurance market remains plentiful and across the board rate rises are not being seen, despite record insured catastrophe losses of more than $100 billion in 2011, Marsh reported. In its ‘Global Insurance Market Quarterly Briefing: Q4…