News

Zurich Canada has made ZurichEZclick.ca, its online rate, quote and policy issuance platform, available to independent brokers in Ontario. This is the first time independent brokers in Ontario are invited to do business with Zurich through www.ZurichEZclick.ca. Using this system,…

International insurance prices continued to firm in 2012 Q2, according to a new global insurance index launched recently by Marsh. The index takes into account client renewal data on property, casualty and financial and professional lines of business from 20…

Economical Insurance announced on July 9 that David Crozier, the company’s senior vice president of operations, has left the company to pursue other endeavours. “We acknowledge David’s positive contributions to the company over the past six years as vice-president of…

Sean Forgie has joined Cunningham Lindsey’s commercial risk division (CRD) team as national director of casualty/liability. As national director, Forgie will oversee the handling of complex liability claims conducted by the executive general adjusters, senior general adjusters and general adjusters…

Lightning strikes cost nearly $1 billion in insured losses in 2011, the Insurance Information Institute (I.I.I.) notes. An analysis of homeowners insurance data by the I.I.I. and State Farm found there were more than 186,000 lightning claims in 2011, down…

The Institute for Catastrophic Loss Reduction (ICLR), a centre for multi-disciplinary disaster prevention research and communications, has launched a new website to help reduce the chances of experiencing basement flooding and other types of water damage. In addition, the website,…

With the Calgary Stampede starting this past weekend, the Insurance Corporation of British Columbia (ICBC) has signed an agreement with an Alberta-based repair shop network to handle potential claims from car accidents involving B.C. drivers. The public auto insurer notes…

Insurance Bureau of Canada (IBC), citing data from Property Claim Services Canada (PCS-Canada), reports that the estimated insured damage caused by the recent wind and thunderstorm event that hit Ontario and Quebec amounts to more than $200 million. PCS-Canada tracks…

A flash storm packing both rain and hail on July 5 has left northern regions of Calgary to deal with a watery mess and to await the final tally on damages. An Environment Canada spokesperson confirmed more than 50 mm…

Enbridge Inc. may not be carrying enough insurance coverage for its proposed Northern Gateway Pipeline Project, suggests a written submission prepared by economist Robyn Allan, a former CEO of the Insurance Corporation of B.C. (ICBC). The proposed $5.5-billion project would…

The United Kingdom’s second largest insurer, Aviva, is launching an ambitious plan to narrow its focus, build financial strength and improve performance after a turbulent past few months that saw the departure of former chief executive Andrew Moss in early…

Thunder Bay-area residents who did not have insurance, had inadequate insurance or had insurance that did not cover the flood damage incurred when heavy rains in late May unleashed enough water to overwhelm the city’s sewage treatment facility are reminded…