Topic
Insurance
Aviva remains a full partner in Broker Identity Program
May 18, 2011 by Canadian UnderwriterAviva Canada Inc. is continuing its investment at the full partner level of the Insurance Brokers Association of Canada (IBAC)’s Broker Identity Program. The mission of the BIP, launched 23 years ago, is to promote the value and professionalism of…
MPI develops contingency plan for looming postal strike
May 18, 2011 by Canadian UnderwriterManitoba Public Insurance (MPI) has struck a special team to minimize the impact of an impending Canada Post strike. The team will look at how the province’s auto insurer will make sure customers continue to receive claims cheques, refund cheques,…
CCIR seeks a more engaged dialogue between policymakers, insurers and the public
May 18, 2011 by Canadian UnderwriterIn an effort to boost the Canadian public’s relationship with the insurance industry, the Canadian Council of Insurance Regulators (CCIR) has tweaked its strategic plan to focus on ways insurance regulators “can more profitably engage the policymakers in insurance issues.”CCIR…
The Guarantee announces several senior level appointments
May 18, 2011 by Canadian UnderwriterThe Guarantee Company of North American has announced nine appointments at the regional, national and branch levels.The appointments include:Richard Pouliot, vice president of Eastern Canada. In this role, he will be responsible for all operations in Ontario, Quebec and Atlantic…
Technology creating space for direct writers in provinces with public auto
May 17, 2011 by Canadian UnderwriterInternet use, 1-800 telephone services and expanded access to vehicle license services have created opportunities for banks and direct writers to compete in provinces with public auto systems, which typically distribute products through the broker channel.Representatives of the Saskatchewan and…
IBAA abandons two-year project to find suitable online quoting product for Alberta brokers
May 17, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Alberta (IBAA) has ended a two-year project to develop a made-in-Alberta, Web-based quoting program to help brokers compete in the online space.“The board is not recommending any further action on this project,” outgoing IBAA president…
Canadian insurance industry responds to Slave Lake catastrophe
May 17, 2011 by Canadian UnderwriterThe Canadian insurance industry is leaping to action to assist in the aftermath of the wildfires that caused extensive and severe damage to a northern Alberta town.Paul Kovacs, executive director for the Institute of Catastrophic Loss Reduction, was quoted by…
Alberta brokers seek availability of excess liability for Alberta residents with U.S. properties
May 17, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Alberta (IBAA) is looking into the availability of excess liability for Alberta residents that own property in the United States.The association resolved in 2010 to research the availability of umbrella coverage. Outgoing IBAA president Mardene…
Lloyd’s incurs $3.8 billion in catastrophe claims in Q1
May 17, 2011 by Canadian UnderwriterLloyd’s of London has incurred claims of Cdn$3.8 billion as a result of natural catastrophes in 2011 Q1, and the next major event that hit may be a capital event, said Richard Ward, Lloyd’s chief executive.A posting on the Lloyd’s…
Creechurch launches fidelity insurance product
May 17, 2011 by Canadian UnderwriterCreechurch International Underwriters Ltd. has launched a stand alone fidelity insurance policy to address the need for protection of corporate assets as employers face a marked increase in internal crimes. Policy highlights include: •broadest definition of employees, including part-time, seasonal…
THE GUARANTEE COMPANY OF NORTH AMERICA ANNOUNCEMENT
May 17, 2011 Canadian Underwriter magazineTHE GUARANTEE COMPANY OF NORTH AMERICA recognizes, as the insurance industry continues to evolve, that a strategic change in our organizational structure is important. After a careful review of our business lines and present service levels we have determined that…
Creechurch International Expands Product Offering with new Crime/Fidelity Insurance Policy
May 17, 2011 Canadian Underwriter magazineRecent high profile fraud and embezzlement cases highlight the need for effective protection of corporate assets. And new research shows that employers are seeing a marked increase in internal crimes. Today Creechurch International Underwriters Ltd. introduces a stand alone Fidelity Insurance…