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Busy Atlantic hurricane season continues decades-long high activity: NOAA

November 30, 2012 by Canadian Underwriter

The 2012 Atlantic hurricane season officially ended Friday, one that included 19 named storms, including Hurricane Sandy, which devastated much of the eastern United States in October.  Ten named storms became hurricanes this year, and Hurricane Michael, a Category 3…

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New Brunswick distracted driving awareness campaign wins advertising award

November 30, 2012 by Canadian Underwriter

A New Brunswick online distracted driving awareness campaign has won an award at an event honouring the best in Atlantic Canadian creative advertising. The campaign, It only takes a second…don’t drive distracted, won silver in the Public Service, Online Initiative…

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Ontario appeal court upholds decision on 60-day limit for FSCO mediation wait

November 29, 2012 by Canadian Underwriter

The Court of Appeal for Ontario has upheld a decision by a lower court to dismiss the appeals by insurers, in a case involving the wait time for mediation from the Financial Services Commission of Ontario (FSCO). The case, Hurst…

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Applied Systems’ MobileProducer lets brokers, agents access insurance software on iPads, Android devices

November 29, 2012 by Canadian Underwriter

Applied Systems Inc. announced Thursday the general release of its MobileProducer software, which works on Apple’s iPad and on wireless devices running Google’s Android operating system. In a press release, the University Park, Ill. vendor said MobileProducer lets users access…

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Executor liability product aims to cover increasingly risky role

November 29, 2012 by Harmeet Singh, Online Editor

As much of the country’s population grows older, many Canadians are being thrown into an unfamiliar new role – one that arguably has become more risky over time. The risk that comes with being the non-professional executor of a will…

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Aviva Canada selects semi-finalists for Community Fund competition

November 29, 2012 by Canadian Underwriter

Insurer Aviva Canada has announced the semi-finalists in its 2012 Aviva Community Fund initiative. The competition offers $1,000,000 in donations for community initiatives across the country. Canadians have been sbumitting and voting on their favourite ideas for 10 weeks. Background: Aviva Community Fund…

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Brokers’ technology group focuses on “digital client experience,” broker management systems

November 29, 2012 by Greg Meckbach, Associate Editor

The Organization of Real-time Brokers Implementing Technology (ORBiT) held its annual general meeting in Toronto Tuesday, announcing the progress of working groups as members discussed hot-button issues including electronic versions of pink auto insurance slips, electronic payments to brokers and the…

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U.K. floods could cause premiums for certain areas to skyrocket: PwC

November 29, 2012 by Canadian Underwriter

Some of the worst-affected areas in the wake of heavy rainfall and widespread flooding in the United Kingdom could see insurance premiums rise by as much as 50%, PwC reported on Wednesday. “Following the latest floods to strike the U.K.,…

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CCIR working group reaches no conclusion on controversial credit scoring issue

November 28, 2012 by Harmeet Singh, Online Editor

The Canadian Council of Insurance Regulators (CCIR) group tasked with reviewing the use of credit scoring by insurers has been unable to come up with recommendations on the matter, in perhaps a disappointing end to a long look at the…

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Most identity fraud caused by stolen personal items: study

November 28, 2012 by Canadian Underwriter

The majority of identity fraud cases are the result of burglary or stolen personal items, a new study from The Travelers Companies Inc. suggests.  The Hartford, Conn.-based property and casualty insurance provider stated that in 73% of all cases, identity fraud…

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Young drivers most involved in traffic collisions: MPI

November 28, 2012 by Canadian Underwriter

Manitobans between the ages of 16 and 24 accounted for 25% of drivers in fatal crashes and 22% of drivers in injury collisions in the province during 2010, notes data from Manitoba Public Insurance (MPI). This age range accounts for…

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Gore Mutual’s new “big data tool” aims to deliver faster decisions to brokers

November 28, 2012 by Canadian Underwriter

Gore Mutual Insurance Company announced Wednesday that the company has fully implemented Outside Intelligence’s (OIQ) Risk Discovery Platform to support its commercial underwriting operations, a move expected to provide more timely service to brokers. OIQ is search-based application whose platform…