Topic
Insurance
OSFI and insurers working on updating Canadian earthquake guidelines
September 20, 2010 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) is now collaborating with Canada’s property and casualty industry to update Canada’s Earthquake Exposure Sound Practices Guideline, now 12 years old.The guideline establishes sound practices for the management and measurement of…
4 New September Issue Online Photo Gallery updates now live at canadianunderwriter.ca
September 20, 2010 Canadian Underwriter magazine4 New September Issue Online Photo Gallery updates now live at canadianunderwriter.ca 4 new industry event galleries have been added to the Online Photo Gallery at canadianunderwriter.ca and are featured in the September 2010 issue of Canadian Underwriter magazine. The…
MPI sponsors program designed to reduce crime
September 17, 2010 by Canadian UnderwriterThe Citizens on Patrol Program (COPP), sponsored by Manitoba Public Insurance, now has 60 active groups and 1,800 volunteers dedicated to reducing crime in their communities. Volunteers provided nearly 30,000 patrol hours last year in Manitoba, with two of the…
Jack Byrne to succeed Clements as Integro board chairman
September 17, 2010 by Canadian UnderwriterJohn (Jack) Byrne has been elected chairman of the board of Integro, succeeding Integro’s co-founder and chairman, the late Robert Clements.Early in his career, Byrne joined Travelers Insurance Company, and subsequently burnished his reputation with the turnaround of a struggling…
Hurricane Igor tracking to brush past and/or miss Newfoundland-Labrador
September 17, 2010 by Canadian UnderwriterHurricane Igor, currently a Category 3 storm with maximum sustained winds of 195 km-h, is tracking to brush by the southeast of Newfoundland-Labrador as of Sept. 21-22.The U.S. National Hurricane Centre shows Igor’s potential influence – shown in the form…
Cunningham Lindsey launches product liability specialty group
September 17, 2010 by Canadian UnderwriterCunningham Lindsey launched a global practice group specializing in product liability. The practice group’s core skills are product liability and recall investigation and management, a Cunningham Lindsey release says. The group is staffed with more than 6,800 adjusters more than…
RMS estimates up to $2.5 billion in insured damages resulting from New Zealand quake
September 17, 2010 by Canadian UnderwriterFollowing detailed analysis of property damage from the New Zealand earthquake, Risk Management Solutions (RMS), estimates total insured damages will range between NZD 2.1 billion ($1.5 billion) and NZD $3.5 billion ($2.5 billion).RMS estimates two-thirds of the total insured loss…
Homeowner policyholder satisfaction decreases in 2010: J.D. Power
September 16, 2010 by Canadian UnderwriterCanadian consumers aren’t as pleased with their home insurers as last year, citing a combination of premium increases and less-frequent communication with their insurers, reports J.D. Power and Associates.In its 2010 Canadian Home Insurance Customer Satisfaction Study, J.D. Power measures…
Private U.S. p&c insurers see surge in net income due to investment income
September 16, 2010 by Canadian UnderwriterPrivate U.S. property and casualty insurers’ net income surged to $16.5 billion in 2010 H1 from $6 billion in 2009 H1, reports Insurance Services Office Limited (ISO).Insurers’ net investment profit grew to $25.8 billion in 2010 H1 from $12.5 billion…
Assurance Evolution to offer Ironshore product to Quebec market
September 16, 2010 by Canadian UnderwriterAssurances Evolution Inc. has agreed to offer Ironshore Canada Ltd.’s specialty casualty risk to the Quebec market.This is in addition to offering Ironshore’s financial and professional lines, environmental liability and specialty property and marine products to the Quebec market.“This agreement…
Two category 4 storms occur simultaneously in Atlantic
September 16, 2010 by Canadian UnderwriterFor the first time in more than 80 years, two category four hurricanes – one of which is of monster proportions – were active in the Atlantic at the same time. The last time this phenomenon was seen was September…
Impaired driving prevention program expanded to second Saskatchewan city
September 16, 2010 by Canadian UnderwriterReport Impaired Drivers (RID), a program that encourages residents to call 9-1-1 to report suspected impaired drivers to the police, has been expanded from Saskatoon to Regina. “Drinking and driving is the number one contributing factor in fatal collisions in…