Keyword
Claims
Fatal California wildfires destroy 1,000 structures
September 14, 2015 Ellen Knickmeyer And Olga R. Rodriguez - THE ASSOCIATED PRESSMIDDLETOWN, Calif. – Some 400 homes were among the hundreds of structures destroyed as fast-moving wildfires raged through communities in Northern California, leaving at least one person dead and sending residents fleeing along roads where some buildings and vehicles were…
AIR Worldwide, security risk firms collaborate on advanced cyber model
September 14, 2015 by Canadian UnderwriterAIR Worldwide will work with security risk and cyber data providers BitSight Technologies and Risk Based Security (RBS) to build an advanced cyber risk model. AIR Cyber Risk Model will seek to help the insurance industry better manage the evolving…
Insurers discussing ‘broader form’ of contingent business interruption coverage: Swiss Re
September 14, 2015 by Canadian UnderwriterContingent business interruption insurance does not cover some “important supply chain risks,” though some insurers are discussing the possibility for broadening CBI coverage, while a lack of historical data makes it difficult for carriers to underwrite terrorism coverage, Swiss Re…
Challenging market conditions continue to put pressure on reinsurance pricing: Guy Carpenter
September 14, 2015 by Canadian UnderwriterAbundant capacity, the influx of new capital and limited loss experience is keeping the pressure on reinsurance pricing, terms and conditions, Alex Moczarski, president and CEO of Guy Carpenter & Company, LLC and chairman of Marsh & McLennan Companies International,…
Aviva Canada announces three separate fraud cases in Toronto area
September 11, 2015 by Canadian UnderwriterThe Greater Toronto Area (GTA) continues to be the epicentre of insurance fraud, which contributes to higher insurance premiums for Ontarians, Aviva Canada said on Friday after announcing three separate cases in the region. Aviva Canada, a provider of home,…
Archway Insurance acquires N.S.-based swanfinancial, cites value of traditional settings
September 8, 2015 by Canadian UnderwriterArchway Insurance, one of Atlantic Canada’s largest independently owned insurance brokerages, announced Tuesday that it has acquired the general insurance business of swanfinancial, which is based in Oxford, N.S. The terms of the transaction, effective October 1, were not disclosed.…
Tianjin explosions set to become one of Asia’s largest insured man-made loss events, potential losses estimated at US$1.6 billion to US$3.3 billion: Guy Carpenter
September 4, 2015 by Canadian UnderwriterThe Port of Tianjin explosions in China are set to become one of Asia’s largest insured man-made loss events, with potential losses of between US$1.6 billion and US$3.3 billion, global risk and reinsurance specialist Guy Carpenter & Company, LLC said…
Economic losses from storms in Alberta, B.C. expected to exceed $225 million in total: Aon Benfield
September 3, 2015 by Canadian UnderwriterTotal economic losses from severe thunderstorms and flooding rains in Alberta in early August are expected to exceed $125 million, while a strong storm system that battered parts of British Columbia was expected to exceed $100 million in economic losses,…
SGI offers new program that allows vehicle owners to have some damage estimated at accredited auto repair firms
September 2, 2015 by Canadian UnderwriterSaskatchewan Government Insurance (SGI) has announced a new program that allows vehicle owners in the province to have some damage estimated at accredited auto repair firms, instead of taking the vehicle to an SGI claims centre first. On Wednesday, SGI…
Hover Craft
September 1, 2015 Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich CanadaCommercial applications for the disruptive technology of drones have taken off in the last few years. Insurance companies are also keen to seize the opportunities that drones provide in claims support and risk assessment, but must navigate a fast-changing regulatory environment along the way.
Live Connection
September 1, 2015 Jonathan Kost, Chief Strategy Officer, Symbility SolutionsLive video collaboration technology is a relative newcomer in the claims-processing toolkit. But does the technology, working through smart devices, offer the promise of significantly speeding up claims resolution and, in turn, bolstering customer engagement?
Moves and Views
September 1, 2015 by Canadian Underwriter1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO…