Topic
Mergers and Aqcuisitions
Personal and commercial lines headed in opposite directions in 2009 Q3: MSA/Baron Outlook
February 1, 2010 by Canadian UnderwriterThe 2009 Q3 results of the Canadian property and casualty industry represented a tale of two cities, including the “worst of times” for personal and multi-lines insurers and the “best of times” for commercial insurers, according to the latest data…
B.C. government announces strategy to mitigate auto theft during Olympic Games
January 29, 2010 by Canadian UnderwriterBritish Columbia plans to reduce the risk of auto theft during the Olympic Games by ‘flooding’ venue and public transit parking lots with bait cars.The initiative is part of the Integrated Municipal Provincial Auto Crime Team (IMPACT)’s strategy during the…
Ban on hand-held devices while driving fails to reduce risk of crash: HLDI
January 29, 2010 by Canadian UnderwriterBans on hand-held devices while driving fail to reduce crashes, a new Highway Loss Data Institute (HLDI) study found.The HLDI is an affiliate of the Insurance Institute for Highway Safety (IIHS). It calculated monthly collision claims per 100 insured vehicle…
What’s New: In Brief (January 27, 2010)
January 27, 2010 by Canadian UnderwriterThe Ontario chapter of the Women in Insurance Cancer Crusade (WICC) has launched the 2010 edition of its WICC C4C [Change for Change] Ontario Insurance Industry Challenge.For 12 months, participants will be challenged to raise as much money as possible…
MPI to launch new rating program
January 27, 2010 by Canadian UnderwriterManitoba Public Insurance (MPI) is launching a new rating program intended to increase merits that drivers can earn for driving safely, thereby decreasing drivers’ premiums by a projected total of almost $1 million.The Driver Safety Rating (DSR) will come into…
AIA to assume responsibility for I-CAR training in Canada as of May 2010
January 25, 2010 by Canadian UnderwriterThe Automotive Industries Associations (AIA) will officially assume responsibility for I-CAR training in Canada as of May 1, 2010, AIA president Marc Brazeau told delegates at the Canadian Collision Industry Forum (CCIF) on Jan. 23 in Toronto.The Inter-Industry Conference on…
A.M. Best upgrades RSA Group of Canada to ‘A’
January 25, 2010 by Canadian UnderwriterA.M. Best Co. has upgraded the financial strength ratings to ‘A’ (excellent) from ‘A-’ (excellent) of RSA Canada, Quebec Assurance Company and Western Assurance Company. Together, these companies form RSA Group of Canada. The outlook for the ratings is stable.“The…
Ontario court considers whether a judge or jury should hear cases involving multi-accident scenarios
January 22, 2010 by Canadian UnderwriterIs a jury capable of assessing damages in cases involving multi-accident scenarios, overlapping injuries and complicated medical evidence? The Ontario Superior Court was asked to consider the question in Hossny v. Belair Insurance, a complicated case in which an insured…
What’s New: In Brief (January 21, 2010)
January 21, 2010 by Canadian UnderwriterCatlin Canada now underwrites D&O liability and has appointed Christopher Mutcheson as product manager for the line of business.Mutcheson was most recently employed as the assistant vice president of financial lines for Executive and Risk Services. He has prior underwriting…
FSCO approves average auto rate increase of 2.49% in 2009 Q4, based on entire market
January 19, 2010 by Canadian UnderwriterOntario’s insurance regulator has approved a 2009 Q4 auto insurance rate increase of 2.49%, based on the entire market.In the fourth quarter of 2009, for the 55.48% of the province’s auto insurance market that had rate changes approved, the average…
Insurance contract to pay accident benefits not “a contract for peace of mind”: Ontario judge
January 19, 2010 by Canadian UnderwriterThe daughter of a woman who was injured in an auto collision and subsequently denied accident benefits is not entitled to collect benefits under her mother’s policy based on the loss of her mother’s care and guidance, the Ontario Superior…
Nova Scotia presses ahead with its review of minor auto injury cap
January 18, 2010 by Canadian UnderwriterNova Scotia’s government is moving ahead with its promised review of the province’s $2,500 minor auto injury cap.The government has issued a nine-page discussion paper on the cap, entitled Concerning the Cap on Pain and Suffering Awards for Minor Injuries,…