News

Honda Canada has announced a recall involving 7,800 vehicles to address potential malfunctions with the vehicle stability assist (VSA) system on the Pilot and three Acura models that could increase crash risk. Honda Canada will recall approximately 3,200 Honda Pilot…

Willis Group Holdings unveiled Tuesday its DairyProtector program, targeted at American farms producing raw milk for bulk sales. DairyProtector will be administered by Portsmouth, N.H.-based Willis Programs, which sells specialty products for specific industries. It will be available in 19…

Saskatchewan General Insurance (SGI), the government-mandated auto carrier in the province, may submit an amended application to the Saskatchewan Rate Review Panel for increases to motorcycle premiums, while Premier Brad Wall suggests legislative changes may be needed if bikers want…

Merger and acquisition activity in the U.S. insurance market may take off this year, after a relatively quiet 2012, but challenges remain in making such deals, notes a report from Deloitte. Last year there was a 20% decrease from 2011…

Improving the customer experience, especially through leveraging data analytics, is among the key issues facing the property and casualty industry in the coming year, notes a new report from PricewaterhouseCoopers in the U.S.. The popularity of mobile technology and e-commerce…

The Association of British Insurers (ABI) today released proposals to foster what it characterizes as a fair, independent and objective approach to help the United Kingdom shake its title as whiplash capital of Europe. “Our proposals will ensure better medical…

Ontario’s New Democratic Party is calling on the provincial government to provide more details on what the Financial Services Commission of Ontario (FSCO) is doing to address the issue of insurance industry profits and driver premiums. “Ontario drivers are paying…

Weather forecasters are predicting higher than normal amounts of precipitation in parts of southern Ontario this spring, though the temperature in March will not reach last year’s records highs. In a blog post Tuesday, AccuWeather predicted temperatures this spring will…

Allowing auto insurers to change their rates faster, without going through the current steps mandated under the Financial Services Commission of Ontario, would go a long way in fixing the province’s flawed system, the PC Party’s auto reform critic says.…

The Financial Services Commission of Ontario is reaching the midway point of a six-month pilot aimed at streamlining part of its mediation process and saving mediators’ time. Effective Jan. 2, the pilot program allows the parties involved in mediation who…

Commercial insurance prices in aggregate increased by almost 7% for 2012 Q4 in the United States, with price increases observed across all account sizes for standard commercial lines, notes a new survey from Towers Watson. The company’s most recent Commercial…

Zurich Insurance Group has announced a five-year partnership with the International Federation of Red Cross and Red Crescent Societies (IFRC), with the company putting 21 million Swiss francs (roughly $22.7 million) into the alliance.  The partnership is part of Zurich’s…