News
Contact centres a point of attack for voice-facilitated fraud
July 3, 2012 by Canadian UnderwriterProperty and casualty insurance is not immune to the growing problem of voice-facilitated fraud in a number of industries and contact centres may be a vulnerable point of attack, notes information from Mattersight Corporation. Fraudsters are buying policies under stolen…
Economical appoints chair and vice chair of Family Insurance Solutions
June 29, 2012 by Canadian UnderwriterEconomical Insurance has announced the appointments of David Crozier as chairman and Philip Mather as vice-chairman of Family Insurance Solutions. Crozier is senior vice president of operations at Economical, while Mather is the company’s chief financial officer. Economical Insurance has…
Chartis intends to re-brand as AIG in the fall of 2012
June 29, 2012 by Canadian UnderwriterAmerican International Group Inc. (AIG) intends to re-brand select businesses, including Chartis, back to AIG this fall. “While we have not yet officially re-branded, Chartis will begin using the AIG brand in the fall,” states a June 29, 2012 letter…
FSCO introduces new HCAI guidelines to help insurers reconcile health care invoices
June 29, 2012 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has released a new Health Claims for Auto Insurance (HCAI) July 2012 Guideline – Superintendent’s Guideline No. 02/12, intended to help insurers reconcile health care invoices. HCAI is an electronic system for transmitting…
ICBC workers to use targeted job actions during contract negotiations
June 29, 2012 by Canadian UnderwriterLocal 378 of the Canadian Office and Professional Employees Union (COPE) will address its ongoing contract negotiations with the Insurance Corp. of British Columbia through a series of targeted actions. Representing 4,600 workers at the ICBC, the union issued a…
Lloyd’s issues list of climate challenges
June 29, 2012 by Canadian UnderwriterIn the wake of the Rio + 20 conference on sustainable growth, Lloyd’s has developed a ranking of the world’s top potential climate change challenges ahead. The London insurance market identified wildfires, flood, drought, pestilence (including weeds and infestation), Arctic…
Randall & Quilter Investment Holdings closes its Canadian MGA
June 28, 2012 by Canadian UnderwriterRandall & Quilter Investment Holdings plc confirmed at its annual general meeting June 27 that it is closing its Canadian managing general agency (MGA). The company, a specialist non-life insurance investor, service provider and underwriting manager, came to the decision…
Saskatchewan drivers to see a 1.6% auto insurance premium hike in August
June 28, 2012 by Canadian UnderwriterDrivers in Saskatchewan will see a 1.6% net increase in the basic auto insurance premium, effective Aug. 4, 2012. Saskatchewan Government Insurance (SGI) reports in a statement that the provincial government approved the net increase with rate rebalancing to SGI’s…
Swiss Re expects moderate premium growth in global P&C market
June 28, 2012 by Canadian UnderwriterGlobal property and casualty (non-life) insurance premiums grew by 1.9% in 2011 on the heels of solid economic growth in emerging markets and selective rate increases in some advanced markets, according to Swiss Re’s latest sigma study. The Swiss reinsurer…
Catlin Canada appoints David Huebel as CEO
June 28, 2012 by Canadian UnderwriterCatlin Group Limited (‘CGL’; London Stock Exchange), an international specialty property/casualty insurer and reinsurer, has announced that David Huebel will become CEO of Catlin Canada, effective July 3, 2012. Huebel joined Catlin Canada in 2009 as chief underwriting officer. He…
Gail Sheepway appointed Zurich’s specialty products Canada business lead
June 28, 2012 by Canadian UnderwriterGail Sheepway has accepted a new position as Zurich’s specialty products Canada business lead, effective July 1. Sheepway will be involved in making plans for growth in Canada in conjunction with the existing growth strategy in the United States and…
New Brunswick proposes to boost minor injury cap to $7,500
June 28, 2012 by Canadian UnderwriterNew Brunswick is proposing to increase its $2,500 cap on minor auto injuries up to $7,500 and come up with a new definition for minor injuries that would see fewer people come under the cap. The government on June 28…