News

A 12-city examination involving the five largest auto insurers in the United States indicates that use of rating factors results in insurers frequently charging higher premiums to “safe” drivers than to those who have had an at-fault accident within the…

Vehicle electronic systems, lightweight materials and collision avoidance systems will be challenging to insurers and the repair shops who fix damaged vehicles, speakers at two recent conferences suggest. Moreover, a slight majority of professionals attending last Saturday’s Canadian Collision Industry…

Dozens of flood warnings in eastern Australia remain in effect, although heavy rainfall associated with ex-tropical cyclone Oswald and enhanced by a monsoon trough has receded, and the most severe flooding seems to have passed, AIR Worldwide reports. The monsoon…

Summer storms in Toronto are going to be more intense 30 years from now and warmer weather will increase the demand for air conditioning, according to a consultant’s report discussed Tuesday at the city council’s parks and environment committee. “The…

Last year was the second biggest year historically for the insurance-linked securities (ILS) market, with approximately $6.3 billion of bonds brought to market, suggests a new report from Swiss Re. “Investors continued to flock to the largely uncorrelated and attractive…

Aviva Canada has announced the grand prize winners of its Aviva Community Fund competition, where Canadians were invited to vote on which community organizations should receive a share of $1 million. A panel of judges helped select the grand prize…

Business and supply chain interruption, natural disasters and fire and explosion have been identified by more than 500 corporate and industrial insurance experts across the Allianz Group as key risks that companies in particular regions and sectors face in 2013.…

With investment returns dropping while loss ratios are staying constant, insurance carriers are looking to cut costs on auto repairs, an industry analyst told a room full of collision repair executives Saturday. Matthew Ohrnstein, managing director of Irvine, Calif.-based Symphony…

A slight majority of attendees at a meeting last Saturday of automotive repair professionals indicated insurer relations was one of their top three priorities, while speakers suggested that the industry faces conflicting demands from automobile manufacturers and insurance carriers. At…

Having a well-stocked trunk is critically important should weather leave motorists stranded, sometimes for hours, but very few drivers are properly prepared, notes a new survey from State Farm. The survey by State Farm and KRC Researcher in the United…

Zurich Canada Commercial announced Monday that Victoria Stirling will be national director of Transportation, Commercial Markets, effective Feb. 6. Stirling has a depth of experience in transportation related roles, most recently with Intact Insurance. “Victoria’s understanding and knowledge of the…

Canadian Underwriter and Swiss Re have teamed up to host a live webinar, entitled the Changing Canadian Risk Landscape, reflecting on natural hazards throughout the country and what Canada can expect for the future.  The free webinar, scheduled for Feb. 7…