Keyword
commercial insurance
Breaching the Topic
January 1, 2017 Greg Meckbach, Associate EditorCyber insurers could ask prospective clients for a list of all types of sensitive personal information in the possession of the organization
Willis Towers Watson reports ‘meaningful’ price hike in commercial auto, modest price drops in other lines
December 12, 2016 by Canadian UnderwriterCommercial auto prices were generally up year over year in the third quarter, but there were “modest” prices decreases in other lines including commercial property and surety bonds, Willis Towers Watson plc said in its most recent Commercial Lines Insurance…
Insurer profitability, broker expertise key drivers of customer satisfaction in large commercial insurers in Canada and U.S.: J.D. Power study
December 5, 2016 by Canadian UnderwriterThe key variables driving overall commercial insurance customer satisfaction in Canada and the United States are insurer profitability and broker expertise, according to the J.D. Power 2016 Large Commercial Insurance Study. The survey, which provides an “independent and objective” measure…
$5.3 billion to be re-invested in Alberta economy over three years to rebuild Fort McMurray: Conference Board of Canada report
November 15, 2016 by Canadian UnderwriterAbout $5.3 billion will be re-invested in Alberta’s economy over the next three years to rebuild Fort McMurray following the massive wildfire in May, according to a new Conference Board of Canada report on the economic impacts of Canada’s most costliest natural…
Zurich combines corporate, commercial businesses into single unit, appoints CEO of Commercial Insurance
September 21, 2016 by Canadian UnderwriterZurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings…
U.S. commercial insurance prices nearly flat during second quarter of 2016: Willis Towers Watson
September 12, 2016 by Canadian UnderwriterCommercial insurance prices in the United States were nearly flat during the second quarter of 2016, according to the most recent Commercial Lines Insurance Pricing Survey (CLIPS), released on Monday. Willis Towers Watson (WTW), a global advisory, broking and solutions…
Saturated ground means more rain could spur more flooding in southern Louisiana: AIR Worldwide
August 25, 2016 by Canadian UnderwriterAdditional rainfall could result in more flooding in southern Louisiana, already hit hard by extensive flooding associated with one of the state’s most catastrophic, non-tropical cyclone-triggered flood events in decades. “In the event of further rainfall, the region’s flat topography,…
Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report
August 22, 2016 by Canadian UnderwriterSurviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random…
Global commercial insurers operating in Canada join forces to form new association
July 18, 2016 by Canadian UnderwriterA number of foreign-owned commercial insurers operating in Canada have come together to form the Global Commercial Insurers Association (GCIA). The Toronto-based association will provide a platform through which foreign-owned commercial insurance carriers can become informed of current regulatory developments…
Intact’s commercial ridesharing insurance policy gets green light in Ontario
July 8, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to…
U.S. commercial insurance prices rose less than 1% in first quarter: Willis Towers Watson
June 13, 2016 by Canadian UnderwriterCommercial insurance prices in the United States increased modestly in aggregate – less than 1% – during the first quarter of 2016, continuing a three-year trend of smaller increases, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by…
Insurance industry needs to catch up, huge advantage for first-movers in sharing economy: Nelis
June 6, 2016 by Angela StelmakowichThe sharing economy is not a new concept, but because it moves so quickly today, the insurance industry must innovate to catch up and reap the benefits, David Nelis, national CoE leader – casualty for Aon Risk Services, suggested last…