Topic
Insurance
Government’s budget includes plans for regulatory framework on P&C demutualizations
March 23, 2011 by Canadian UnderwriterThe federal government’s proposed budget, introduced on Mar. 22, 2011, confirmed the government was working on a regulatory framework that would allow property and casualty insurance companies to demutualize.As of press time, the budget was widely anticipated to be defeated,…
IBC urges consumers to learn how to identify insurance fraud
March 23, 2011 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) estimates insurance fraud to be a multi-million-dollar business in Ontario, contributing to the high cost of auto insurance in the province. IBC recognized Fraud Prevention Month in March, by urging consumers to take the…
Compounding of catastrophes in Q1 likely to cause hardening of global property rates: Aon
March 23, 2011 by Canadian UnderwriterJapan’s recent earthquake and tsunami, combined with recent natural catastrophes in Australia and New Zealand in 2011 Q1, are likely to cause considerable pricing tension in the global property market, said Andrew Laing, property and casualty brokering team leader for…
British Columbia conducts tsunami drill
March 23, 2011 by Canadian UnderwriterBritish Columbia’s emergency officials ran a drill to see how the province would fare if a large-scale tsunami struck the West Coast. The exercise, dubbed Pacifex11, was run through the West Coast and Alaska Tsunami Warning Center on the morning…
RSA “big on…” new ad campaign
March 23, 2011 by Canadian UnderwriterFresh off its completed acquisition of GCAN Insurance, RSA Canada has launched a new advertising campaign, We’re big on…, which highlights the company’s strengthened position in the commercial lines space.RSA Canada says its new ad campaign, launched on Mar. 23,…
RSA Canada undertakes ‘Climate Week’ in support of Earth Hour
March 22, 2011 by Canadian UnderwriterRSA Canada announced its support for the World Wildlife Fund (WWF)’s Earth Hour 2011, an international ‘lights out’ event taking place form 8:30 pm to 9:30 pm on Mar. 26.During the event, businesses and homeowners are encouraged to turn off…
Quebec’s auto insurance board launches new campaign against texting and driving
March 22, 2011 by Canadian UnderwriterQuebec’s auto insurance board, the Société de l’assurance automobile (SAAQ), is broadcasting two commercials intended to illustrate the dangers of texting at the wheel.“Cell phones are a part of daily life for many people and, as a result, are in…
Cut the clutter, or face potential insurance implications: Allstate
March 22, 2011 by Canadian UnderwriterHoarding, or excessive clutter in your home or garage, carries more than just health and safety concerns – there could also be insurance implications, cautions Allstate Canada.“Hoarding on its own would not cancel an insurance policy, but there could be…
Allianz Corporate & Specialty Canada launches mid-market products
March 22, 2011 by Canadian UnderwriterAllianz Corporate & Specialty Canada (AGCS) is now offering insurance products and services for mid-level business in the Canadian market.AGCS Canada will design insurance solutions for mid-sized companies across a wide range of sectors, including manufacturing/distribution, construction, telecommunications/media and will…
Cunningham Lindsey’s response team lands in Japan
March 22, 2011 by Canadian UnderwriterThe first of adjustment firm Cunningham Lindsey’s CAT team members have arrived in Tokyo to support Nagamatsu Inc. (Cunningham Lindsey’s exclusive representatives in Japan) and Cunningham’s international clients.“All will be aware of the difficulties that the country is having to…
B.C. Insurance Council suspends license of agent, agency, pending investigation into allegations including fraudulent transfer of a car
March 22, 2011 by Canadian UnderwriterThe B.C. Insurance Council has suspended the license of agent Yik Lun Hui and insurance agency Roadways Insurance Agencies Inc., pending the outcome of a council investigation into allegations that Hui failed to carry out his duties and responsibilities as…
Pembridge and Applied launch billing and policy inquiry that begins and ends in broker BMS – with no portal
March 22, 2011 by Canadian UnderwriterPembridge Insurance and Applied Systems Canada are launching a joint venture to offer real-time transactions aimed at improving broker workflows.Pembridge’s Broker Connectivity solution will soon deliver billing and policy inquiry functionality to brokers using Applied Systems TAM (The Agency Manager)…