Topic
Insurance
BC holds largest earthquake drill in Canada
January 26, 2011 by Canadian UnderwriterBritish Columbia is holding the largest earthquake drill ever to take place in Canada, with more than 400,000 participating on Jan. 26. The Great British Columbia ShakeOut is being held across the province. Nearly 500,000 people will participate in their…
Aviva Canada announces recipients of its Community Fund competition
January 25, 2011 by Canadian Underwriter***CORRECTION: The Capital City Condors are from Kanata, Ontario, not ‘Kenora,’ as previously reported. Canadian Underwriter apologizes for the error. Aviva Canada Inc. has announced the 10 recipients of its second Aviva Community Fund competition. The competition awards a total…
Rare beetle collection covered under condo comprehensive policy
January 25, 2011 by Canadian UnderwriterA rare collection of beetles is covered under a “condominium comprehensive” policy, the Court of Quebec found in 2009, prompting McMillan LLP lawyer Hartley Lefton to caution brokers and clients to review their condo insurance carefully.In a January 2010 article…
CARSTAR adds flagship facility to its Calgary roster
January 25, 2011 by Canadian UnderwriterCARSTAR Automotive Canada has expanded its network in Alberta with the addition of a 10,800-square-foot production area in Calgary East Lake. The Calgary East Lake facility is one of the largest CARSTAR Collision centres in the network. It’s the fourth location co-owned…
Retrocessional reinsurance market remains flat at Jan. 1 renewals: Guy Carp
January 25, 2011 by Canadian UnderwriterThe retrocessional reinsurance market is enduring a pricing environment of flat to minus 10% off rate for loss-free cat retro and cat on direct and facultative programs at Jan. 1, 2011 renewals, Guy Carpenter reported. There has been significant international…
Totten Insurance Group acquires CULE Insurance
January 25, 2011 by Canadian UnderwriterTotten Insurance Group Inc. (Totten), one of Hub International Limited (Hub)’s wholesale insurance brokerage operations, has acquired the assets of CULE Insurance (CULE), effective Jan. 31, 2011. Terms of the acquisition were not disclosed. The CULE operations will become part…
Flattening of commercial lines in 2010 Q4 a lull, not signal of hard market: RIMS
January 24, 2011 by Canadian UnderwriterCommercial property and casualty insurance rates were flat in 2010 Q4 when compared to the same period of 2009, but a hardening of the commercial P&C insurance market is not imminent, Advisen reported in the Risk and Insurance Management Society…
York Fire implements Brovada’s NexCenter to allow real-time transactions
January 24, 2011 by Canadian UnderwriterYork Fire & Casualty Insurance Company has implemented Brovada Technologies Inc.’s NexCenter to allow brokers to perform real-time transactions directly from the broker management systems (BMS). NexCenter includes an insurer connectivity module, formerly known as Nexisys, that connects BMS to…
RSA Canada drives growth for insurer’s international operations
January 24, 2011 by Canadian UnderwriterThe Canadian operations of RSA drove the insurer’s international growth, with premiums of $1.98 billion in 2010, marking a 22% increase. The personal lines segment of RSA’s Canadian operations saw a 20% increase in premiums last year – including Johnson,…
Quebec Appeal Court decision may jeopardize protection offered by province’s no-fault auto regime: Lloyd’s
January 24, 2011 by Canadian UnderwriterLloyd’s of London, an insurer for the City of Westmount in Quebec, is seeking leave to appeal to the Supreme Court of Canada in the case of Rossy v. The City of Westmount.“Lloyd’s of London considers that the narrow approach…
New Brunswick Appeal Court orders province’s insurance board to re-hear rate application
January 24, 2011 by Canadian UnderwriterNew Brunswick’s Court of Appeal has ordered the New Brunswick Insurance Board to re-hear an auto rate application submitted by Pembridge Insurance Company in 2009, based on the fact that the board failed to provide reasons for its rate-setting decision.The…
CSN Collision & Glass continues to expand in Western Canada
January 21, 2011 by Canadian UnderwriterCSN Collision & Glass (CSN) has introduced two new locations in Calgary, Alberta. Concours Collision Crowfoot and Concours Collision South have both become members of CSN Collision & Glass.For 30 years, Concours owner Ken Friesen not only built two successful…