News
Insurers “early adopters” of social media: IDC
July 16, 2012 by Canadian UnderwriterThe insurance industry is following closely on the heels of leading investors in social media, such as retailers and communications companies, according to a new report from market and technology research firm International Data Corporation (IDC). It identified insurers as…
Telematics could generate $60 billion in premiums to insurers globally: telematics information provider
July 16, 2012 by Canadian UnderwriterTelematics is expected to generate approximately $60 billion in premiums to insurers globally, notes a statement from Telematics Update, a reference centre and conference organizer that provides information about automotive telematics. Opportunities are expected to unfold once the usage-based insurance…
Three homes heavily damaged in B.C. landslide
July 13, 2012 by Canadian UnderwriterA number of residents remained unaccounted for after a large landslide severely damaged three homes in Johnsons Landing, a remote British Columbia community on the northeast shore of Kootenay Lake. A state of local emergency has been declared for the…
UK flood risk set to rise significantly by 2035
July 13, 2012 by Canadian UnderwriterGlobal warming could almost double the number of properties at significant risk of flooding in the United Kingdom by 2035 unless loss reduction plans are put in place, argues a committee appointed by the U.K. government to study climate change.…
Storm floods Edmonton freeway, closes centre
July 13, 2012 by Canadian UnderwriterAn east-west band of Edmonton was particularly hard hit by a severe thunderstorm in the early hours of July 12, 2012, resulting in some roadways being flooded and the temporary closing of a recreational centre. With the exception of the…
Space “junk” poses serious threat to satellites and insurers: Allianz
July 13, 2012 by Canadian UnderwriterA growing proliferation of “man-made space junk” threatens satellites and space stations, approximately a quarter of which are insured against losses from physical damage and service interruption, states a recent report from Allianz Global Corporate & Specialty (AGCS). The study,…
Ontario consumers report decrease in auto rates
July 13, 2012 by Canadian UnderwriterA quarterly review by Kanetix shows Ontario car insurance rates reported by shoppers decreased for the second quarter in a row. Ontario rates were 6.2% lower in 2012 Q2 than in the first quarter of 2011, and 3.6% lower in…
Cunningham Lindsey welcomes marine surveyor, adjuster Waclaw Kuza
July 12, 2012 by Canadian UnderwriterCunningham Lindsey has welcomed Waclaw Kuza, marine surveyor and adjuster, to its marine services unit. Kuza comes to Cunningham Lindsey with more than 20 years of domestic and international experience with various types and sizes of ships and cargo. As…
Kernaghan Adjusters announces managerial change in its Alberta operation
July 12, 2012 by Canadian UnderwriterKernaghan Adjusters announced a managerial change at its Alberta operation on July 12, following the retirement in June of its Alberta regional manager Marja Welton. Welton’s insurance claims career spanned well over 30 years, with 22 years at Kernaghan Adjusters.…
ATCO Electric, NAV Canada, Health Canada recognized for business continuity management
July 12, 2012 by Canadian UnderwriterDisaster Recovery Institute (DRI) Canada has recognized several Canadian organizations — ATCO Electric, NAV Canada and Health Canada — for their excellence in business continuity management (BCM). The awards were announced on June 26 at a gala awards evening at…
Ontario guidelines raising the cost of excavated soil disposal
July 12, 2012 by Canadian UnderwriterProvincial guidelines are contributing to increased costs for disposing of excavated soil from infrastructure projects, suggests a new study from the Residential and Civil Alliance of Ontario (RCCAO). Taxpayers and consumers could pay as much as 15% more in some…
One-fifth of Alberta and B.C. homeowners do not have right home insurance protection: survey
July 12, 2012 by Canadian UnderwriterAlbertan and British Columbian homeowners may not be getting the right home insurance protection, with many being offered named peril and broad-form policies in situations in which a comprehensive policy would be more appropriate. Square One Insurance Services Inc., which…