Topic
Insurance
U.S. private equity firm Genstar acquires Granite Global Solutions
June 1, 2010 by Canadian UnderwriterGenstar Capital LLC, a middle-market private equity firm based in San Francisco, has acquired Granite Global Solutions, a Canadian provider of risk mitigation services to insurance and corporate clients.The terms of the deal were not announced.Granite Global operates five business…
Ontario court strikes down allegations that would significantly increase designated drivers’ responsibilities
June 1, 2010 by Canadian UnderwriterThe Ontario Superior Court has struck down sections of a statement of claim that would have significantly increased the responsibility of a designated driver to look after intoxicated passengers.The court dismissed allegations that would have effectively imposed on designated drivers…
Paul Kovacs named lead author for IPCC climate change report
June 1, 2010 by Canadian UnderwriterPaul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), has been chosen as a lead author of an Intergovernmental Panel on Climate Change (IPCC) report. Specifically, Kovacs will serve as lead author of Chapter 26, North America,…
First annual Watershed Awards announced
June 1, 2010 by Canadian UnderwriterThe City of Edmonton has received the first annual national Watershed Award, offered jointly by the Insurance Bureau of Canada (IBC) and the Federation of Canadian Municipalities (FCM).The Watershed Awards recognize Canadian municipalities that take pro-active measures to reduce their…
The Co-operators introduces discount for LEED certification
June 1, 2010 by Canadian UnderwriterThe Co-operators has introduced a 10% insurance discount for dwellings that are Leadership in Energy and Environmental Design (LEED) certified. The discount, in conjunction other sustainable products and services such as discounts for hybrids, is intended to encourage and reward…
Potting soil causing increasing number of house fires
May 31, 2010 by Canadian UnderwriterPotting soil planters are causing a surprising new trend of accidental fires in homes, according to John Coull, manager of the Mississauga office of Origin and Cause Inc. Coull was speaking at an A.S.A.P Education Series event, Fire Loss Claims…
Canada’s federally regulated P&C insurers double their profits in 2010 Q1
May 31, 2010 by Canadian UnderwriterCanada’s federally regulated property and casualty (P&C) insurers slightly more than doubled their profits in 2010 Q1 compared to the same period of 2009. Canadian P&C insurers fared better than their foreign counterparts.One notable feature of the 2010 Q1 results…
Price not as high a priority for insurance shoppers: J.D. Power
May 31, 2010 by Canadian UnderwriterWhen it comes to auto insurance shopping, the impact of price on new-buyer satisfaction has declined over the past year, according to a J.D. Power and Associates study. Ten per cent of auto insurance shoppers did not select the company…
ICBC applies for reduction in basic auto rate
May 31, 2010 by Canadian UnderwriterInsurance Corporation of British Columbia (ICBC) applied to reduce basic auto insurance rates by an average of 1.9%, effective Nov. 1, 2010.The proposed reduction still requires the approval of the British Columbia Utilities Commission (BCUC).“Rate changes are mainly driven by…
Aviva, The Economical and The Dominion all adopt iClarify
May 31, 2010 by Canadian UnderwriterAviva Canada, The Economical Insurance Group (TEIG) and The Dominion have announced their intentions to use iClarify validation services delivered by Compu-Quote. This support continues past the pilot phase of the data validation tool into full production.More than 50 Insurance…
Crawford Responds to Floods in Manitoba
May 31, 2010 Crawford & Company (Canada) Inc.Crawford & Company (Canada) Inc. has mobilized members of its catastrophe team to handle the losses resulting from the flooding in Manitoba over the weekend. The rest of the companys CAT team is on standby, prepared for whatever situation may…
SPECS Limited Appoints New Prairie Regional Manager
May 31, 2010 SPECS (Specialized Property Evaluation Control Services)Edmonton, AB May 31st, 2010 SPECS Limited, the countrys leading provider of independent property damage valuations and cost control services is pleased to announce the appointment of John McAlister as Prairie Regional Manager. In his new role, John will execute…