News
LawPRO appoints Susan McGrath as board chair
May 7, 2012 by Canadian UnderwriterLawPRO, the professional indemnity company for Ontario’s lawyers, has appointed Susan T. McGrath as chair of its board of directors. A sole practitioner based in Iroquois Falls, McGrath has held leadership roles with the Cochrane Law Association (president, 1983-1984), the…
Canadian automotive recyclers call for national approach to the environmental management of end-of-life vehicles
May 7, 2012 by Canadian UnderwriterAutomotive Recyclers of Canada (ARC) is calling for a national approach to the environmental management of end-of-life vehicles (ELVs) in Canada. In a submission to the Canadian Council of Ministers of the Environment, ARC notes that although ELV processors are…
SGI marks launch of educational campaign during Motorcycle Safety Week
May 7, 2012 by Canadian UnderwriterMotorcycle riders and other motorists in Saskatchewan are being reminded throughout the month of May to keep safety top of mind. Saskatchewan Government Insurance (SGI), the Saskatchewan Safety Council (SSC) and the RCMP have jointly launched an educational campaign as…
Crawford appoints Lori Festarini as environmental leader
May 7, 2012 by Canadian UnderwriterCrawford & Company (Canada) Inc. has a new environmental leader in Lori Festarini, who has 21 years of experience in environmental consulting and geoscience. As an environmental leader in Crawford’s Global Technical Services (GTS) division, Festarini will report to GTS’s…
Ontario moves toward wage freeze for doctors through “rebalancing” OHIP fees
May 7, 2012 by Canadian UnderwriterOntario is moving toward a real wage freeze for doctors, expected to result in savings of $338.3 million in 2012-2013. “The government is updating and rebalancing OHIP fees to better reflect current medical practices and new technologies and to avoid…
Swiss Re results rebound in 2012 Q1
May 4, 2012 by Canadian UnderwriterSwiss Re rebounded nicely from a loss of US$665 million in 2011 Q1 to a gain of $1.1 billion in 2012 Q1, results that seem to auger well for the company’s 2011-15 plan. “We aim to capture the opportunities we…
EGI Financial acquires CUISA Managing General Agency
May 4, 2012 by Canadian UnderwriterEGI Financial Holdings Inc. has acquired CUISA Managing General Agency. Based in B.C., CUISA MGA provides insurance services to 160 credit union-owned insurance broker offices across the province. By gaining access to distribution through credit unions, the acquisition means EGI…
EQECAT releases Japan quake model
May 4, 2012 by Canadian UnderwriterEQECAT has released an earthquake model for catastrophic risk that uses three-dimensional representation of seismic source geometry to capture Japan’s unique seismic settings. Incorporated into EQECAT’s global multi-peril platform, the Japan model offers region-specific innovations in both hazard and vulnerability.…
New Brunswick Consumer Advocate for Insurance advocates on its own behalf
May 4, 2012 by Canadian UnderwriterNew Brunswick’s Consumer Advocate for Insurance is advocating for its own existence, resisting a recommendation in a July 2011 report to fold the office into a larger public utilities framework. The office was established in 2005 “not only as one…
Severe U.S. weather in April causes more than $650 million in insured damage
May 4, 2012 by Canadian UnderwriterSevere weather damage in the United States in April 2012 resulted in at least 105,000 claims and insurance payments exceeding $650 million, notes an Aon-Benfield report. In its April 2012 Global Catastrophe Recap, Aon Benfield references a major severe weather…
CARSTAR holds seminar on paintless dent repair estimating and techniques
May 4, 2012 by Canadian UnderwriterMore than 50 CARSTAR insurance partners attended a Paintless Dent Repair (PDR) estimating and techniques training seminar in April at CARSTAR’s corporate head office and training facility, CARSTAR Vision Park in Hamilton, Ontario. The three-hour course provided attendees both classroom and…
B.C, police and public insurer launch intersection safety campaign
May 3, 2012 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC), the Province of B.C. and police have launched a new initiative meant to put the brakes on intersection collisions, which represent about six of every 10 crashes in the province. Given 241 intersection…