Topic
Insurance
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)…
CRU Adjusters promotes Glenn Smith as VP of Operations
March 22, 2011 CRU - Catastrophe Response UnitKyle Winston, President of CRU Adjusters, is pleased to announce the promotion of Glenn Smith, our Director of Training, to Vice-President of Operations for CRU Adjusters. Glenn will continue to focus on the development and expansion of the Canadian marketplace,…
Swiss Re estimates it will pay out $1.2 billion in claims losses from Japanese earthquake, tsunami
March 21, 2011 by Canadian UnderwriterSwiss Re estimates pre-tax claims costs of $1.2 billion as a result of damage caused by the March 2011 earthquake and tsunami in Japan. The reinsurer noted its estimate is subject to a “high degree of uncertainty” since the event…
Canadian researchers develop first permanent anti-fog coating for glass
March 21, 2011 by Canadian UnderwriterCanadian researchers have announced the development of the first permanent anti-fog treatment that might be applied in the future to car windshields.Led by Professor Gatean Laroche, Laval University researchers published their findings in the journal Applied Materials and Interfaces. The…
New multi-peril, revenue-based insurance coverage available for farmers
March 21, 2011 by Canadian UnderwriterGlobal Ag Risk Solutions, working with Lombard Canada Ltd., is offering a private, multi-peril, revenue-based risk management solution available to about 400 Western Canadian farmers.Independent of all government programs, the solution provides guaranteed revenue above a farmer’s input costs (seed,…
MPI beefs up its personal injury benefits package
March 21, 2011 by Canadian UnderwriterMPI is retroactively enhancing its benefits package for victims of auto crashes. The enhancements, expected to cost about $40 million, will include:• enhanced coverage for extraordinary expenses for leisure and recreational activities. For example, MPI would pay for a specialized…
RMS estimates up to $300 billion economic losses from Japan ‘super cat’ event
March 21, 2011 by Canadian UnderwriterRMS estimates the economic losses resulting from the March 11 Tohoku earthquake and tsunami in Japan will range between $200 and $300 billion. The quake and tsunami “is a complex ‘super cat’ event, where the final costs will not only…
Consumer can seek class action certification, despite contract fine print: Supreme Court
March 18, 2011 by Canadian UnderwriterThe Supreme Court of Canada has ruled that a B.C. woman can still launch a class action lawsuit against her cellphone provider, even though the fine print of her contract had a clause that waived her right to sue.In Seidel…
TIRF to study graduated licence programs with parental involvement components
March 18, 2011 by Canadian UnderwriterThe Ottawa-based Traffic Injury Research Foundation (TIRF) will study the effectiveness of graduated driver licensing programs that incorporate parental involvement.TIRF is teaming up with Data Nexus Inc. and the Texas Transportation Institute to conduct the study. The study is scheduled…
Soft characteristics of energy market likely to diminish: Willis
March 18, 2011 by Canadian UnderwriterThe energy market will likely see the “softening dynamic” slow or come to a halt following the Japan earthquake and tsunami, Willis said in its Energy Market Report.“For example, some insurers have issued statements that they will not be offering…