Topic
Insurance
Saskatchewan police blitz results in 200 drivers being fined for cell phone use
November 23, 2011 by Canadian UnderwriterA Saskatchewan law enforcement traffic blitz resulted in more than 200 drivers being fined for using a cell phone while driving.Operation HandsFree was held on Nov. 17 and 18 across Saskatchewan. Traffic enforcement officers watched for drivers talking or texting…
Reinsurance capital levels suggest hardening reinsurance market: Guy Carpenter
November 23, 2011 by Canadian UnderwriterHistorical capital levels of Guy Carpenter’s Global Reinsurance Composite between 1998 and 2011 Q2 suggest reinsurance rates may soon be on the rise.As of 2011 Q2, the capital level of reinsurers grouped in Guy Carpenter’s Reinsurance Composite approached just over…
Auto claims increase almost 50% during the winter months: Aviva Canada
November 23, 2011 by Canadian UnderwriterAuto claims increase 49% during the winter months between December and February, according to Aviva Canada’s annual statistics. Slippery roads, whiteout conditions and other weather-related factors contributed to more than $37.1-million auto collision claim payments made by the insurer during…
Rochon launches online virtual tour of Head Office facility
November 23, 2011 Rochon Engineering Inc.Rochon Engineering launched their new virtual tour of their 30,000 sq/ft facility in Bolton Ontario. To view click here http://rochons.ca/about-us/our-facilities/ For information on booking a custom hands on seminar/tour contact Kevin Spiers VP Marketing & Sales at kspiers@rochons.ca
Private, non-for-profit and public organizations partner to better protect Toronto residents from severe weather
November 22, 2011 by Canadian UnderwriterMore than 50 public, private and not-for-profit organizations from across Toronto region have banded together to better protect the region’s residents, organizations, infrastructure and environment from extreme weather. The WeatherWise Partnership, convened by the City of Toronto and CivicAction, will…
FSCO announces 2012 indexation percentages
November 22, 2011 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has released the 2012 indexation percentages for the Optional Indexation Benefit Guideline under both the old and new Statutory Accident Benefits Schedule (SABS). Under the new SABS (effective Sept. 1, 2010), the indexation…
InsurEye launches online consumer insurance spend comparison tool
November 22, 2011 by Canadian UnderwriterInsurEye Inc. has launched an online service for Canadian consumers allowing them to compare their insurance spending with their peers. InsurEye collects, validates and analyzes thousands of auto, home and life insurance experiences from people across the country. In order…
Big Data: When statisticians become corporate heroes
November 22, 2011 by Canadian UnderwriterCompanies today face an overwhelming crush of available information, a situation referred to as ‘Big Data,’ and those best able to discriminate between relevant and irrelevant data will emerge as the most competitive.In fact, statisticians may prove to be the…
The Dominion kicks off the third annual Dominion Curling Club Championship
November 22, 2011 by Canadian UnderwriterThe third annual Dominion Curling Club Championship, a week-long national curling event presented by The Dominion of Canada General Insurance Company (The Dominion), kicked off on Nov. 21.This year’s event is taking place at the Richmond Curling Club in Richmond,…
Motor vehicle collision deaths in Manitoba increase in 2011
November 22, 2011 by Canadian UnderwriterWith less than two months remaining in 2011, Manitoba has more traffic fatalities than all of last year, Manitoba Public Insurance (MPI) reports. As of mid-November, more than 100 deaths have occurred on Manitoba roadways significantly more than last year’s…
Parents of multinationals should consider “insurable interest” when structuring multinational insurance programs with risks located in Canada
November 21, 2011 by Canadian UnderwriterParent companies of global multinationals may want to consider purchasing excess policies and consider “insurable interests” when structuring multinational insurance programs with risks located in Canada, according to a recent report by The ACE Group.Co-authored by Suresh Krishnan, general counsel…
Alleghany Corporation acquires Transatlantic Holdings Inc. for $3.4 billion
November 21, 2011 by Canadian UnderwriterAlleghany Corporation, a U.S. holding company, has acquired Transatlantic Holdings Inc. for approximately $3.4 billion. Under the terms of the agreement, Transatlantic common shares will be exchanged for per-share consideration consisting of 0.145 Alleghany common shares and $14.22 in cash.…