Topic
Insurance
Ontario MPP introduces bill to ban use of credit scoring in personal property
November 4, 2010 by Canadian UnderwriterInsurance Brokers Association of Ontario (IBAO) is applauding a private members bill that calls for an outright ban on the use of credit scoring in personal lines insurance in Ontario. Liberal MPP Mike Colle introduced private member’s Bill 130: The…
OSFI to grant six-month extension in implementing new guidelines on reinsurance best practices, security agreements
November 4, 2010 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) is poised to give the reinsurance industry a six-month reprieve in following the federal solvency regulator’s proposed new guidelines on sound reinsurance practices and reinsurance security agreements.“What we have in mind…
RIBO includes auto reform best practices in spot-checks
November 4, 2010 by Canadian UnderwriterThe Registered Insurance Brokers of Ontario (RIBO) issued a set of Best Practices related to the 2010 auto reforms, and these are now included in the self-regulatory body’s spot checks, RIBO president Al Chamney says. Chamney spoke of RIBO’s initiatives…
1st Annual Commercial Broker Appreciation Week
November 4, 2010 Canadian Underwriter magazineCalgary, AB – You grind out submissions. Send RFQ’s to market. Issue certificates. Pitch new business. Defend existing business. You are a commercial broker: unsung hero of the independent broker distribution network. “We know that being a commercial broker is…
IBC, Ontario Safety League launch 2010 Operation Red Nose campaign
November 3, 2010 by Canadian UnderwriterHost Ontario Safety League and sponsor Insurance Bureau of Canada announced on Nov. 3 the launch of the 2010 Operation Red Nose campaign.The campaign, which is now six years old in Ontario, offers safe rides home to partygoers.The campaign will…
Allianz releases paper on water damage and construction risk
November 3, 2010 by Canadian UnderwriterWater damage is the most common type of loss occurring during the course of construction, according to Allianz Global Corporate & Specialty (Americas), which has issued a White Paper on how to manage exposure in this area.The White Paper, Preventing…
Intact reports strong rebound in Q3 results
November 3, 2010 by Canadian UnderwriterIntact Financial Corporation reported a dramatic improvement in its 2010 Q3 net income, increasing from a net loss of $8 million in 2009 Q3 to a net income of $82.3 million.The company attributes the gains to improved underwriting results and…
The Co-Operators completes first phase of social media project on sustainability
November 3, 2010 by Canadian UnderwriterThe Co-operators has wrapped up the first part of a social media project, CSR: Co-operators Sustainability Race, developed in partnership with the David Suzuki Foundation. CSR is a social media platform hosted on a dedicated micro-site. It includes participant profiles…
The Economical launches “self-serve” online service, through broker Web sites
November 3, 2010 by Canadian UnderwriterThe Economical Insurance Group (TEIG) has launched a Web site allowing consumers to manage their insurance online, through brokers’ Web sites.Insurance On Demand is a broker-branded site allowing consumers to obtain quotes and purchase home, auto, condo and tenant policies…
SGI uses ‘movie trailer’ to engage youth in talks about drunk driving
November 3, 2010 by Canadian UnderwriterSGI has teamed up with Students Against Drunk Driving (SADD) to launch a movie-trailer style ad campaign that also leverages social media to engage young people in discussions about the dangers of drunk driving. The ad, called The Decision, will…
Aviva Canada to cut less than 300 staff
November 2, 2010 by Canadian UnderwriterAviva Canada is cutting slightly less than 10% of its staff as part of Aviva plc’s parent corporate strategy to shed £200 million of costs from its businesses by the end of 2012.In a press release announcing its 2010 Q3…
Hurricane Igor insured damage tag estimated to be more than $65 million
November 2, 2010 by Canadian UnderwriterProperty Claim Services Canada (PCS Canada)’s preliminary estimates put total insured losses caused by Hurricane Igor at more than $65 million, reports Insurance Bureau of Canada (IBC).The amount includes damage caused by wind, sewer backup, fallen trees and water entering…