Topic
Insurance
New Brunswick’s Appeal Court considers (twice) an insurer’s quest for RCMP documents in a home fire case
December 8, 2011 by Canadian UnderwriterNew Brunswick’s Court of Appeal has now been consulted twice about a case in which State Farm is seeking production of RCMP documents in a home fire case.State Farm says the RCMP notes it is seeking are relevant in determining…
Aviva and Hagerty partner to launch coverage for antique and classic cars
December 8, 2011 by Canadian UnderwriterAviva Canada Inc. and Hagerty Canada LLC have partnered to launch the ‘Hagerty Silver Wheel Plan.’The plan offers Canadian antique and classic car enthusiasts extensive coverage, including agreed value coverage – with no appraisal requirements – and access to Hagerty’s…
Standard & Poor’s still sees terrorism risk as critical in assessment of an insurer’s financial strength
December 8, 2011 by Canadian UnderwriterStandard & Poor’s continues to view terrorism risk as a critical component in its assessment of an insurer’s financial strength, saying a man-made catastrophe would most likely be a capital event rather than an earnings event.Standard & Poor’s made the…
Gore Mutual Donates an Additional $50,000 to United Way at Eleventh Hour
December 8, 2011 Canadian Underwriter magazineWith less than a week left in their 2011 campaign, the United Way of Cambridge and North Dumfries is facing a significant shortfall. Learning of this shortfall, Gore Mutual Insurance Company announced today they are providing an additional $50,000. A…
Research shows young drivers more responsible about drinking and driving than their older counterparts
December 7, 2011 by Canadian UnderwriterYoung drivers aged 16 to 24 overwhelmingly agreed they would not be able to drive safely after consuming alcohol, a Road Safety Monitor poll by the Traffic Injury Research Foundation (TIRF) found. The public opinion poll investigated a variety of…
Companies expect to use social media more often in the future, but most don’t have plans to manage the risks
December 7, 2011 by Canadian UnderwriterCompanies expect to see corporate use of social media expand over the next year, including in marketing efforts, but many do not have a plan in place to deal with the risks. Financial Executives Research Foundation Inc. (FERF), working in…
Chesterfiled offers cover for mobile plants and machinery equipment
December 7, 2011 by Canadian UnderwriterChesterfield Canada Inc. has launched a mobile plant and machinery equipment floater program. The product is designed to pay for loss or damage to an insured’s mobile plant in the event of an accident and is broad form “all-risks” cover.…
Freight forwarders taking on increasing liability risk
December 7, 2011 by Canadian UnderwriterFreight forwarders and other transport intermediaries face increasingly significant liability risk, particularly in emerging markets, as they tackle additional supply chain services for their customers, warns international transport liability insurer TT Club.Manufacturers, retailers and other users of transport and logistics…
DAS Canada offering free legal advice to companies in Ontario
December 7, 2011 by Canadian UnderwriterDAS Canada is offering small and mid-sized Ontario businesses free legal advice during the week of Dec. 5.Business owners can call the company’s legal hotline, where they will be connected with a lawyer to answer their business-related legal questions, free…
Ellen Moore, Marilyn McLaren named among Canada’s 100 Most Powerful Women
December 6, 2011 by Canadian UnderwriterEllen Moore of Chubb Insurance Company of Canada and Marilyn McLaren of Manitoba Public Insurance (MPI) were among the recipients of The Women’s Executive Network (WXN)’s 2011 Canada’s Most Powerful Women: Top 100 Awards.Co-presented by Scotiabank and KPMG, the awards…
Workplace fraud costs small- and medium-sized Canadian businesses $3.2 billion
December 6, 2011 by Canadian UnderwriterWorkplace fraud affected roughly one-quarter of Canadian small- and medium-sized businesses in 2010, costing an estimated $3.2 billion, according to a survey by the Certified General Accountants Association of Canada (CGAAC). Roughly 290,000 companies were victims of at least one…
Insured losses from Thailand floods may exceed $10 billion: Aon Benfield
December 6, 2011 by Canadian UnderwriterInsured losses resulting from the Thailand floods may exceed $10 billion, according to Aon Benfield.In its Monthly Cat Recap report, Aon Benfield noted the floods, currently in the fourth month, have caused 657 deaths and affected more than 13.4 million…