Topic
Insurance
CNA Canada to host product fairs across Canada
January 21, 2011 by Canadian UnderwriterCNA Canada will host a series of product fairs to showcase its products and services throughout January and February. CNA’s product fairs are scheduled for 4-7pm (local time) as follows: Jan. 24, 2011, Vancouver, The Convention Centre; Jan. 26, 2011,…
CARSTAR receives help from Celine Dion in Facebook initiative
January 21, 2011 CARSTAR Automotive CanadaCARSTAR Collision Centres, one of the country’s largest franchise networks in the collision repair industry, has been joined by Celine Dion to raise funds and awareness of cystic fibrosis online. Since August 2010, CARSTAR has been collecting “Likes” on the…
Alberta clarifies ‘voluntary disclosure’ rules related to paying tax on unlicensed insurance
January 20, 2011 by Canadian UnderwriterThe Insurance Brokers Association of Alberta (IBAA) and the Toronto Insurance Conference (TIC) have received some clarification about Alberta’s ‘voluntary disclosure’ rules, which relate to the payment of taxes on unlicensed insurance. In Alberta, a client may lawfully arrange unlicensed…
SGI clarifies “misconceptions” arising from Privacy Commissioner’s report
January 20, 2011 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has issued a public statement clarifying “misconceptions” that the insurer says have arisen based on the findings of a recent Privacy Commissioner report, as reported in Canadian Underwriter’s online news on Jan. 14. In its report,…
January sees spike in speed-related collisions: MPI
January 20, 2011 by Canadian UnderwriterManitoba Public Insurance (MPI) has received roughly 10,000 collision claims within the first two weeks of 2011, many of which stemmed from motorists driving too fast on ice/snow covered roads. The majority of speed related collisions occur between the months…
AMF appoints Mario Albert as CEO
January 20, 2011 by Canadian UnderwriterMario Albert, Autorite des Marches Financiers (AMF) superintendent, client services, compensation and distribution, has been appointed interim president and CEO of the AMF.He joined the AMF in 2008 as superintendent of distribution. Two years later, he assumed responsibility for the…
Financial crisis resulted in heightened political risk globally: Aon
January 20, 2011 by Canadian UnderwriterThe global financial crisis has increased political risk in countries that traditionally have had very low levels of risk, according to Aon’s Political Risk Map.Fall-out from the financial crisis has resulted in Iceland becoming the first Western European country to…
Strong side structures, not side airbags, best mitigate driver fatality in side crashes: IIHS
January 19, 2011 by Canadian UnderwriterSide airbags play a crucial role in reducing driver fatalities in side impacts, but they are far from the whole story in side crash protection, reported the Insurance Institute for Highway Safety (IIHS). Researchers at IIHS correlated side impact test…
TIRF launches study of female DUI offenders
January 19, 2011 by Canadian UnderwriterThe Traffic Injury Research Foundation (TIRF) is launching a study on female impaired driving offenders. The study is scheduled for completion by the end of 2011, a TIRF release says. The objective of the project is to share with frontline…
Women’s broad-minded thinking a critical business advantage: CEO Ellen Moore
January 19, 2011 by Canadian UnderwriterOne of a woman’s many advantages in the business world is an ability to see issues broadly and to “look around corners,” according to Ellen Moore, president and CEO of Chubb Insurance Company of Canada.“The woman’s thought process is a…
The Co-operators sells property adjacent to headquarters to condo developer
January 19, 2011 by Canadian UnderwriterThe Co-operators has sold property adjacent to its headquarters in downtown Guelph, Ontario to a Tricar, luxury condo developer. The sale is subject to closing conditions and securing the appropriate planning approvals. The sum of the sale was not disclosed.…
Capital abundance, competition represent biggest challenges now facing Canadian P&C insurers: CEO
January 19, 2011 by Canadian UnderwriterCapital abundance and intense competition are the biggest challenges now facing Canada’s property and casualty insurance industry, according to Ellen Moore, president and CEO of Chubb Insurance Company of Canada.Canada’s marketplace has roughly $2.5 billion to $3 billion in capital…