News
Chubb offers enhanced watercraft policy
May 9, 2012 by Canadian UnderwriterChubb Insurance Company of Canada has launched an enhanced watercraft policy. The policy includes a new discount, improved deductible options, expanded navigational coverage, travel-sized certificates of insurance and greater damage coverage. The enhanced policy provides a 5% discount if the…
Manitoba insurance professionals have new licensing option
May 9, 2012 by Canadian UnderwriterInsurance professionals in Manitoba now have access to a new Level 1 licensing program. ILScorp. has announced that the ILS Introduction to General Insurance (ILS ICI) program, first launched in British Columbia in January, recently received accreditation from the General…
David Horner joins Kernaghan Adjusters
May 9, 2012 by Canadian UnderwriterDavid Horner has joined the Kernaghan Adjusters’ team in Edmonton. Horner began his insurance career in 1978 as a claims representative with a large multi-line insurer. Shortly thereafter, he became a roads adjuster, handling auto, bodily injury, property and fire…
Impact Auto Auctions breaks ground on new auction facility in Ontario
May 9, 2012 by Canadian UnderwriterImpact Auto Auctions, a Canadian automotive salvage management company, and a wholly owned subsidiary of KAR Auction Services Inc. (NYSE: KAR), has started construction of a new auction facility in Oshawa, Ontario. Known as Impact Toronto, the new auction will…
Ontario court denies bid to use new summary judgment rules to determine “catastrophic impairment”
May 9, 2012 by Canadian UnderwriterThe Ontario Superior Court has derailed a plaintiff’s bid to obtain under new provincial rules for summary judgment a declaration that she suffered a “catastrophic impairment.” Nancy Stewart was severely injured in a motor vehicle accident on Nov. 4, 2005.…
Heavy truck fleet to be equipped with protective guards
May 8, 2012 by Canadian UnderwriterSaint-Laurent, a Montreal borough, has become the first in the city to start modifying its fleet of heavy vehicles to help prevent the possibility of pedestrians and cyclists from accidentally falling underneath. The fleet will be equipped with lateral protection…
Colorado State researchers predict fewer hurricanes in 2012 season
May 8, 2012 by Canadian UnderwriterThe 2012 Atlantic basin hurricane season will see reduced activity compared to the 1981-2010 average, the Tropical Meteorological Project of Colorado State University predicts. In a report released in April, Colorado researchers estimate there will be 10 named storms during…
Toronto road worst of the worst
May 8, 2012 by Canadian UnderwriterThe votes are in and Toronto has gained the dubious distinction of having five of the 10 worst roads in Ontario, say the put-upon drivers forced to manoeuvre the questionable infrastructure. Dufferin Street – a perennial contender on the worst-of-the-worst list –…
The Co-operators works to move forward on sustainability
May 8, 2012 by Canadian UnderwriterThe Co-operators has set its sights on building on the progress made in 2011 as part of company efforts to become a catalyst for sustainability and to work to mobilize others. Take a Closer Look, the company’s eighth annual sustainability report,…
Swanarchuk appointed to head up sales at Grain Insurance & Guarantee
May 8, 2012 by Canadian UnderwriterRick Swanarchuk has been appointed vice president of sales, marketing and distribution at Grain Insurance & Guarantee. Swanarchuk has 13 years of experience in the Canadian property and casualty market, and will lead the national sales, marketing and distribution team,…
10 habits of highly ineffective drivers
May 8, 2012 by Canadian UnderwriterSympatico.ca Autos is counselling drivers to cure themselves of 10 bad habits that frequently lead to vehicle collisions. These bad habits are as follows: Holding the wheel incorrectly. For example, the wheel should not be held with the wrist draped…
Insurers should prepare for the rise of the emerging global middle class
May 7, 2012 by Canadian UnderwriterA huge market for personal insurance — perhaps as much as 1 billion people — is about to emerge in developing countries, and this new global middle class will need to learn all about insurance. The global growth and transformation of the…