Topic
Insurance
DNA testing at the top of MPI’s list of Top 5 frauds in 2010
December 20, 2010 by Canadian UnderwriterDNA testing, CSI-style, ferreted out a fraud scheme in which a Manitoba driver vehemently denied crashing his car, causing his airbag to deploy.The attempted fraud made the top of Manitoba Public Insurance (MPI)’s Top 5 frauds of 2010.The vehicle owner…
Hub International acquires assets of Leeds Insurance Brokers
December 20, 2010 by Canadian UnderwriterHub International Limited (Hub) has acquired the assets of Leeds Insurance Brokers Inc. (Leeds), a Toronto, Ontario-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Leeds operations will become part of HKMB Hub International Limited (HKMB Hub).…
First Dimension Engineering changes name to Rochon
December 20, 2010 by Canadian UnderwriterFirst Dimension Engineering, which has been operating as a Division of Rochon Engineering for the past five years, is now officially changing its name to Rochon Engineering.“It’s not a new company, we’re just adopting our corporate name,” Rochon Engineering announced…
Canadians are risk-averse: RSA study
December 20, 2010 by Canadian UnderwriterThe rising cost of living, climate change and damage to the natural environment are the Top 3 risks keeping Canadians awake at night, according to a global RSA survey.Rounding out the Top 5 risks that concerned Canadians were cancer and…
Battered New Brunswick facing more bad weather
December 20, 2010 by Canadian UnderwriterAlready battered by flooding in Fredericton and the southwestern part of the province, New Brunswick is in for more severe weather, warns Environment Canada.A major low-pressure system south of Nova Scotia will bring a mix of precipitation and strong winds…
Chinese flooding causes $52-billion loss, only 1%-2% of which is insured
December 20, 2010 by Canadian UnderwriterFlooding in China during the summer of 2010 – the worst since 1998 – resulted in an estimated $52-billion economic loss, but insured losses are only approximately 1% or 2% of that total, Guy Carpenter reports.Twenty-five rivers in China flooded…
9 new December Issue Online Photo Gallery updates now live at canadianunderwriter.ca
December 18, 2010 Canadian Underwriter magazine9 new industry event galleries have been added to the Online Photo Gallery at canadianunderwriter.ca and are featured in the December 2010 issue of Canadian Underwriter magazine. The recent additions to the Online Photo Gallery are: WICC ONTARIO CHAPTER BREAKFAST FOR…
Insurer-collision centre communication receives failing grade: Bodyshop survey
December 17, 2010 by Canadian UnderwriterInsurers need to improve communication with collision repair shops, according to Bodyshop Magazine’s annual audit of the insurance industry.Bodyshop surveyed 135 owners, presidents or managers of repair shops in Canada about their opinions of the 28 insurers – private and…
MPI offers up to 33% discount to drivers with good driving record
December 17, 2010 by Canadian UnderwriterManitobans with a solid driving record will be eligible to receive a discount of up to 33% off of their Basic Autopac policies, effective Mar. 1, 2011.A Manitoba Public Utilities Board ruling requires MPI to make changes to its Driver…
ICBC raises more than $1 million for United Way and charities
December 17, 2010 by Canadian UnderwriterICBC and its employees raised more than $1 million for the United Way and other registered charities, making the 2010 campaign the insurer’s most generous ever.This year, employees donated more than $800,000. In addition, ICBC gifted $200,000 through the corporation’s…
Perth County sees its municipal insurance premium increase 54%
December 17, 2010 by Canadian UnderwriterPerth County Council approved a 54% increase to its 2011 municipal insurance premium, which rose to $445,056.The Council tendered an RFP to handle its municipal insurance in late November. Only two municipal insurers – Frank Cowan and the Ontario Municipal…
Nova Scotia has right to recover nursing home costs against insurer in an auto accident case
December 17, 2010 by Canadian UnderwriterNova Scotia’s Department of Health does have a subrogated right to claim against an insurer for nursing home costs arising from injuries sustained in a motor vehicle accident, according to the Supreme Court of Nova Scotia.In Slauenwhite v. Keizer, Jean…