News
Nova Scotia bulletin provides service, fee schedule to take effect in April
March 27, 2013 by Canadian UnderwriterA new slate of maximum fees and disbursements payable for services, activities or functions under Nova Scotia’s Automobile Insurance Diagnostic and Treatment Protocols Regulations will take effect on April 1. A bulletin issued last week by the Nova Scotia’s Finance…
Major flooding possible on Manitoba’s Assiniboine River
March 26, 2013 by Canadian UnderwriterThe Manitoba government announced Tuesday the possibility of major flooding on several rivers including the Assiniboine, which runs through Brandon. “An unfavourable weather scenario would result in major flooding of the Assiniboine Valley from Shellmouth to Brandon similar to those…
ClaimsPro adds niche adjusting firm to business, expands B.C. presence
March 26, 2013 by Canadian UnderwriterIndependent adjusting firm ClaimsPro Inc. has added niche adjusting firm Ashcroft Insurance Adjusters (Ashcroft) to its business, the company announced Tuesday, expanding its presence in British Columbia. Based out of Nelson, B.C., Ashcroft will help ClaimsPro expand its business in…
Toronto, Vancouver, Montreal rank among low risk cities for talent management: Aon Hewitt
March 26, 2013 by Canadian UnderwriterToronto, Montreal and Vancouver are among the top 10 lowest risk cities in the world for recruiting, employing and relocating employees, according to rankings from Aon Hewitt, the global human resources business of Aon plc. The company’s 2013 People Risk…
Report documents populations, businesses in California tsunami-inundation zone
March 26, 2013 by Canadian UnderwriterNew research out of California that offers comprehensive documentation of the populations and businesses in the state’s maximum tsunami-inundation zone, information that may be of use in supporting tsunami preparedness and risk-reduction planning. “To reduce potential impacts of future tsunamis,…
Totten Insurance Group founder Ross Totten set to retire in June
March 26, 2013 by Canadian UnderwriterH. Ross Totten, longtime president and CEO of Totten Insurance Group, most recently the company’s chairman and chief sales officer, will be retiring June 30, after 43 years as an insurance intermediary. “It is time for me to move on…
Western Financial Group begins transition plan after president Scott Tannas appointed to Senate
March 26, 2013 by Canadian UnderwriterPrime Minister Stephen Harper announced Monday that Scott Tannas, president and CEO of Western Financial Group, has been appointed to the Senate. “I am pleased to announce the appointment of a remarkable Canadian to the Senate of Canada,” Harper said…
Third of British small businesses would make fake claims: survey
March 25, 2013 by Canadian UnderwriterA third of British small businesses included in a recent survey admit they have already or would exaggerate or fabricate an insurance claim, while one in ten said they would stretch the truth when applying for a policy. AXA Business…
More activity, consolidation expected for Canada’s P&C industry: PwC official
March 25, 2013 by Angela Stelmakowich, EditorSome property and casualty carriers are deploying multi-prong distribution strategies, which is putting pressure on the marketplace and resulting in activity on the mergers and acquisitions (M&A) front, Allan Buitendag, a partner and Canadian insurance consulting leader at PwC Consulting,…
Harsh winter weather top cause for U.K. business disruption, many companies unprepared: survey
March 25, 2013 by Canadian UnderwriterBad weather, particularly in winter, is the leading cause of disruption to businesses in the United Kingdom, notes a new report from the Chartered Management Institute there. Over the last 12 months, 77% of the organizations included in a survey…
Losses increase for auto carrier Kingsway Financial
March 25, 2013 by Canadian UnderwriterKingsway Financial Services Inc. of Toronto, which last year announced the restructuring of its American underwriting subsidiaries, announced last week it lost $53 million in 2012. In a press release Friday, Kingsway said it recorded net premiums earned in 2012…
Applied Systems announces rebranding
March 25, 2013 by Canadian UnderwriterInsurance industry technology provider Applied Systems has undergone a branding change, reflecting its recent expansion and an upcoming acquisition for the 30-year old company. The branding change, which includes a new logo, comes after the company has seen fast growth…