Topic
Insurance
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…
Perth County calls on feds to reverse proposed funding cuts to emergency preparedness programs
December 17, 2010 by Canadian UnderwriterPerth County has sent a letter to its federal MP calling on the federal government to reverse a plan to cut $35.8 million in funding to Public Safety Canada over three years for emergency preparedness initiatives.“Recent events clearly indicate how…
Vancouver working to replace wood pole-mounted transformers, addressing earthquake risk
December 16, 2010 by Canadian UnderwriterResponding to the risk of fires following an earthquake, the City of Vancouver is in the middle of replacing transformers mounted on wooden poles in the city’s downtown core, according to a report by the CBC.A Nov. 20, 2010 report…
Aviva Community Fund announces 30 finalists
December 16, 2010 by Canadian UnderwriterThe Aviva Community Fund is down to its final 30 finalists.Created by Aviva Canada, the fund provides $1 million in donations to lead, empower and support community initiatives across the country.The 30 finalist ideas are now in the hands of…