Topic
Insurance
New Brunswick introduces distracted driving legislation
November 24, 2010 by Canadian UnderwriterNew Brunswick is the latest province to introduce legislation combating distracted driving, prompting the praise of Insurance Bureau of Canada (IBC).New Brunswick’s proposed law would prohibit, while driving, the use of any electronic device with a display screen, communication device…
Dominion renews sponsorship of Canadian Curling Association
November 24, 2010 by Canadian UnderwriterThe Dominion of Canada General Insurance Company renewed its agreement as an official supplier of the Canadian Curling Association through the 2013-14 season.The Dominion has been an official supplier of the CCA since 2005, and is also the title sponsor…
Ill-fated headstand on a limo stripper pole is an “accident” in no-fault auto context
November 24, 2010 by Canadian UnderwriterA man who fractured his neck while attempting to do a headstand on a “stripper pole” in a luxury limousine coach was injured as a result of an “accident,” an Ontario arbitrator has ruled, and is therefore entitled to accident…
S&P’s upgrades XL Group’s outlook to ‘Stable’
November 24, 2010 by Canadian UnderwriterStandard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to ‘Stable’ from ‘Negative.’Standard & Poor’s also affirmed its ‘A’ counterparty credit and financial strength ratings on XL Group’s core insurance subsidiaries and its…
CNA launches updated Oneworld Global Master Policy
November 24, 2010 by Canadian UnderwriterCNA Canada has launched its improved and updated Oneworld Global Master Policy, providing coverage for Canadian-based business leaders that operate domestically or internationally. Oneworld is designed to offer customized coverages to insureds within CNA Canada’s core industry groups, including: construction,…
‘Outmoded’ understanding of risk management’s role may be hindering its development: report
November 23, 2010 by Canadian UnderwriterRisk management has emerged from the financial crisis with greater authority and visibility, but a lingering, outmoded view of risk managers as mere compliance officers may be limiting the potential of the discipline, according to a recent Economist Intelligence Unit…
CARSTAR celebrates groundbreaking of new headquarters in Hamilton
November 23, 2010 by Canadian UnderwriterCARSTAR Automotive Canada announced its intention to build a 16,000-square-foot head office in Hamilton, Ontario during a special groundbreaking ceremony on Nov. 22.The facility will be called CARSTAR Vision Park, “reflecting the company’s vision to be the leader in the…
Lack of winter tires won’t void coverage, but it may determine degree of fault: ICBC
November 23, 2010 by Canadian UnderwriterWinter tires are not mandatory in B.C., nor do they affect an insured’s insurance coverage or eligibility to make a claim, but ICBC still recommends their use.Driving without winter tires will not void your insurance in the event of a…
Western Financial, PetFirst Healthcare bring flexible coverage options to Canadian pet insurance market
November 23, 2010 by Canadian UnderwriterWestern Financial Insurance Company, PetFirst Healthcare and Petfinder.com have joined efforts to begin offering Canadian pet owners flexible insurance coverage for their pets.Underwritten in Canada by Western Financial Insurance Company, PetFirst Healthcare offers dog and cat owners four different coverage…
Insurer accounting standard draft contains “fundamental” changes for Canadian insurers: PwC
November 23, 2010 by Canadian UnderwriterThe most recent International Accounting Standards Board draft contains fundamental changes that would alter existing Canadian P&C valuation methods and the way that insurers’ income is presented, PricewaterhouseCooper’s said in its Fall 2010 Insurance Review.The proposals are the result of…
Vic Krauze appointed chairman and CEO of Willis North America
November 23, 2010 by Canadian UnderwriterGlobal insurance broker Willis Group Holdings (NYSE: WSH) has appointed Vic Krauze as chairman and CEO of Willis North America. Krauze will report to Joe Plumeri, chairman and CEO of Willis Group, and will serve as a member of Willis’…
Ontario drivers show slight improvement in collision frequency: Allstate
November 22, 2010 by Canadian UnderwriterOntario drivers have improved slightly, based on a 2.2% decrease in the frequency of collisions between 2009 and 2010, according to Allstate Insurance Company of Canada’s Ontario Safe Driving Study.The study ranks the driving safety of communities and regions by…