Topic
Mergers and Aqcuisitions
Desjardins launches iPhone app for tenant insurance
June 14, 2010 by Canadian UnderwriterDesjardins General Insurance (DGI) has launched an iPhone application (app) that allows consumers to obtain a tenant insurance quote.This makes DGI the first Canadian insurer to offer an iPhone app to get a complete tenant insurance quote, a DGI release…
Swiss Re ups its Chile earthquake loss estimate
June 14, 2010 by Canadian UnderwriterSwiss Re has increased its insured losses resulting from the Chile earthquake to $630 million.The reinsurer forecasted a loss of $500 million in March 2010.“The new estimate reflects more specific information from clients on actual damage to individual properties and…
Ontario releases new Minor Injury Guideline, a key feature of proposed auto reforms
June 14, 2010 by Canadian UnderwriterOntario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), has posted its new Minor Injury Guideline (MIG), a key pillar of the province’s proposed new auto insurance reform package.The MIG will apply to accidents that occur on or after…
State Farm Youth Advisory Board provides service-learning grant
June 14, 2010 by Canadian UnderwriterThe Reduce the Juice (RTJ) Waterloo 2010 Project will receive a $58,135 grant from State Farm Insurance. RTJ helps create youth-led projects that are designed to reduce greenhouse gas emissions. State Farm’s Youth Advisory Board is awarding $4.5 million for…
Kanetix launches auto insurance comparison engine for smart phones
June 11, 2010 by Canadian UnderwriterKanetix launched a mobile auto insurance quote comparison service compatible with most new smart phones.The service is currently available to drivers seeking Ontario auto insurance quotes.The mobile site integrates many of the features and functionality present on kanetix.ca, all formatted…
MPI requests 4% overall average decrease in auto insurance premiums
June 11, 2010 by Canadian UnderwriterManitoba Public Insurance (MPI) has proposed a 4% overall average rate decrease for auto insurance rates next year. This is in addition to providing customers with a $92-million rebate in the spring. The 12.9% rebate would amount to roughly $115…
RIBO warns brokers about ‘negative option billing’ in the context of Ontario auto reforms
June 10, 2010 by Canadian UnderwriterOntario’s broker regulator is cautioning brokers who are about to sell the province’s new auto insurance product about ‘negative option billing,” which is illegal in Ontario. Specifically, RIBO’s Ontario Auto Reform 2010 Best Practices Guideline observes that a number of…
Ontario broker regulator issues best practices guide related to province’s auto reforms
June 10, 2010 by Canadian UnderwriterOntario’s insurance brokers should be establishing procedures for educating all of their clients about Ontario’s upcoming auto insurance reforms, according to the Ontario Auto Reform 2010 Best Practices Guideline posted by the province’s broker regulator.The Registered Insurance Brokers of Ontario…
Claims personnel deployed to assist in Leamington
June 9, 2010 by Canadian UnderwriterInsurance companies and independent adjusters have been deployed to handle claims caused by an F1 tornado that hit Leamington, Ontario on June 6. RSA has its Emergency Claims Response Vehicle on scene in Leamington assisting customers with claims. “Members of…
Break-ins increase in summer months
June 9, 2010 by Canadian UnderwriterBurglaries peak in the summer months, with a 4% increase in June, 9% in July and 20% in August, according to Aviva Canada claims data. The number of break-ins increases towards the end of week, the company notes. Friday has…
Crawford & Company (Canada) introduces mobile tablets to speed up claims handling
June 9, 2010 by Canadian UnderwriterCrawford & Company (Canada) Inc. has launched Crawford CMS Property Advantage in Canada. The new system uses tablet and wireless technology, allowing adjusters to complete site visits and subsequent reports right at the claims scene. More then 300 tablets will…
Tornado damage in Leamington, Ontario could run into “tens of millions of dollars”: former IBC president
June 8, 2010 by Canadian UnderwriterStanley Griffin, a former president and CEO of the Insurance Bureau of Canada (IBC), suggests the damage caused by an F1 tornado that hit his hometown of Leamington, Ontario on June 7 might run into “tens of millions of dollars.”No…