Topic
Insurance
What’s New: In Brief (October 16, 2009)
October 16, 2009 by Canadian UnderwriterCunningham Lindsey is the newest national sponsor at the platinum level of the Women in Insurance Cancer Crusade (WICC), representing a commitment of $45,000 over three years. The company says it has committed to continuing its support of the outstanding…
IIHS finds no clear safety implications from hand-held cell phone bans
October 15, 2009 by Canadian UnderwriterAn Insurance Institute for Highway Safety (IIHS) report on the long-term effectiveness of driver hand-held cell phone bans has found differing effects. IIHS examined driver use of the devices in three jurisdictions where the practice of talking on a hand-held…
B.C. privacy commissioner finds three more instances of jury checking by ICBC
October 15, 2009 by Canadian UnderwriterAn audit by B.C.’s Office of the Information and Privacy Commissioner identified six occasions on which driving and claims information of jurors was accessed and in some of those cases, was disclosed to outside defence counsel representing ICBC.In May 2009,…
Credit crisis no longer chief source of securities litigation: Advisen Ltd.
October 15, 2009 by Canadian UnderwriterThe credit crisis is no longer the chief source of securities litigation in the United States, a recent report from Advisen says.“The third quarter [of 2009] saw a robust 169 new securities lawsuits filed, but the credit crisis is no…
What’s New: In Brief (October 15, 2009)
October 15, 2009 by Canadian UnderwriterIndustrial Alliance Insurance and Financial Services Inc. announced the closing of its previously announced offering of 4 million shares, representing aggregate gross proceeds of Cdn$100 million.The shares yield 6% per annum, payable quarterly when declared by the board of directors.…
Ontario-Quebec trade agreement calls for harmonizing approaches to insurance regulation
October 14, 2009 by Canadian UnderwriterAn inter-provincial trade agreement, the Ontario-Quebec Trade and Cooperation Agreement, has come into force as of Oct. 1, and already some are calling for it to be more like the Trade, Investment and Labour Mobility Agreement (TILMA) between B.C. and…
RIMS calls for higher standards of revenue disclosure from brokers
October 14, 2009 by Canadian UnderwriterThe Risk and Insurance Management Society (RIMS) is calling for complete transparency and full disclosure of all revenue streams associated with the placement of insurance products. A new RIMS report, A Practical Guide to Insurance Broker Compensation and Potential Conflicts…
What’s New: In Brief (October 14, 2009)
October 14, 2009 by Canadian UnderwriterArthur J. Gallagher International has opened a new office in Calgary, trading under the name Gallagher Energy Risk Services. Former Aon energy leader Scott Heighington will head the new office. He will be joined by David Braid and Robert Redden.John…
What’s New: In Brief (October 14, 2009)
October 14, 2009 by Canadian UnderwriterDavid Price will be joining Executive Risk Insurance Services on Oct. 12 as senior vice president of financial lines and chief underwriting officer. In addition to his above duties, he will work with the corporate development group on the identification…
Insurance industry ahead of climate change adaptation
October 13, 2009 by Canadian UnderwriterInsurers are the most advanced organizations in adapting to climate change, according to a study from the Network for Business Sustainability. The insurance industry sets itself apart with institutional networks that promote calibration, the study says. The Network for Business…
Ontario ban on hand-held devices while driving doesn’t go far enough: survey
October 13, 2009 by Canadian UnderwriterResults of an RBC Insurance/Ipsos Reid survey suggest that, although there is strong public support for Ontario’s forthcoming ban on the use of hand-held devices while driving, a majority of Ontario drivers believe the ban does not go far enough.Ontario’s…
What’s New: In Brief (October 13, 2009)
October 13, 2009 by Canadian UnderwriterThere was a 2.8% decrease in the average of the lowest rates quoted for online auto insurance in 2009 Q3, compared to 2008 Q3, according to a Kanetix study. The decrease appears to be the result of changes in consumer…