Canadian Underwriter

Topic
Insurance


News InsuranceMarkets / CoveragesMergers and Aqcuisitions

CCIR survey on credit scoring suggests absence of disclosure

November 16, 2009 by Canadian Underwriter

Forty-two per cent of Canadian property and casualty companies that use credit-based insurance (CBI) scores — representing 17% of market share — do not disclose an adverse affect of the CBI scores to policy applicants or policyholders, according to a

News InsuranceLegal

Courts hold lower threshold for price-fixing class action certification

November 16, 2009 by Canadian Underwriter

Two recent decisions in Ontario and British Columbia certifying class actions alleging price fixing indicate that the courts in Canada may be adopting a new approach to these types of claims, potentially opening the door to more litigation in this

News Climate ChangeInsuranceMergers and Aqcuisitions

What’s New: In Brief (November 16, 2009)

November 16, 2009 by Canadian Underwriter

The Saskatchewan government is introducing legislation to ban texting and talking on hand-held cell phones while driving.June Draude, Saskatchewan Government Insurance (SGI) minister, introduced the new law on Nov. 12 in the legislative assembly. “Using a cell phone to talk

News Insurance

What’s New: In Brief (November 16, 2009)

November 16, 2009 by Canadian Underwriter

Pembridge Insurance Company has announced a joint venture with Brovada Technologies that is intended to offer real-time transactions aimed at improved connectivity with brokers and more efficient broker workflows.“Pembridge has listened to the concerns of independent insurance brokers to become

News InsuranceMergers and Aqcuisitions

WindEEE Dome will fill critical void in wind engineering research

November 13, 2009 by Canadian Underwriter

Local storms account for more than 60% of wind damage and Cdn$200 million annual losses each year, said Horia Hangan, a professor at the University of Western Ontario and the lead investigator of the WindEEE Dome.Hangan delivered a seminar on

News AssociationsInsurance

HCAI information site launched

November 13, 2009 by Canadian Underwriter

As the Health Claims for Auto Insurance (HCAI) pilot is re-launched,  so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to

News InsuranceLegalMergers and Aqcuisitions

Subrogation in fire cases

November 13, 2009 by Canadian Underwriter

The evidence of what causes a fire is generally consumed in the fire, Richard Lindsay, founding partner of Lindsay Kenney LLP in British Columbia, said. This makes subrogation a little different in a fire-related case, he told delegates attending the

News Insurance

What’s New: In Brief (November 13, 2009)

November 13, 2009 by Canadian Underwriter

David Koa has been appointed executive vp, sales and marketing for McLarens Canada.Koa will also be responsible for the sales and marketing of Granite Global Solutions Inc. of which McLarens Canada is one of six member companies.Koa holds more than

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

ICBC reports decline in Q3 net income

November 12, 2009 by Canadian Underwriter

ICBC’s net income for the first nine months of 2009 was Cdn$422 million, down Cdn$15 million from the same period last year.Total claims and expenses increased from Cdn$2.6 billion in the first nine months of 2008 to Cdn$2.7 billion in

News Insurance

What’s New: In Brief (November 12, 2009)

November 12, 2009 by Canadian Underwriter

Insurance adjusters will be centre stage when Showcase, a Canadian network, airs its first-ever, hour-long commissioned drama series Cra$h & Burn.Premiering on Nov. 18 at 9 p.m. (eastern/pacific time), the series follows the life of “street-wise” insurance adjuster Jimmy Burn,

News AssociationsInsuranceMergers and Aqcuisitions

IBC urges insurers to talk to each other to prevent organized crime

November 12, 2009 by Canadian Underwriter

Insurance companies must recognize ‘red flags’ indicating the presence of organized crime and better co-ordinate communications between them when such signs arise, according to IBC investigator Kathy Metzger.Insurers must be vigilant in preventing organized crime, Metzger told delegates attending the

News Insurance

What’s New: In Brief (November 12, 2009)

November 12, 2009 by Canadian Underwriter

After almost 17 years of sharing the management responsibilities for both the Insurance Councils of Saskatchewan (ICS) and the Insurance Brokers’ Association of Saskatchewan (IBAS), Ernie Gaschler will now begin devoting his entire time and energy to the activities of