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Policy Works launches commercial lines mobile app

March 5, 2012 by Canadian Underwriter

Policy Works Inc. has launched a mobile app for commercial-lines. The Policy Works Producer App will be released early April to a select group of brokers for beta testing. The general release is slated for July 2012. To use the…

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Tornadoes tear deadly path through US Midwest, marking early launch of storm season

March 5, 2012 by Canadian Underwriter

The U.S. NOAA (National Oceanic and Atmospheric Administration) has thus far confirmed 45 tornadoes between March 2 and 3 and the number is expected to rise as its surveys are completed. 127 twisters were ‘reported’ to have hit eleven states killing at least 39…

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InsuranceHotline and InsurEye partner for online credit card comparison tool

March 5, 2012 by Canadian Underwriter

InsuranceHotline.com has partnered with InsurEye Inc. to promote an online tool that allows consumers to compare credit cards and the insurance coverage each card offers. The free online tool is designed to allow consumers to: Save on unexpected costs by…

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IBAO-sponsored poster series wins international design award

March 5, 2012 by Canadian Underwriter

The YOURS (Youth for Road Safety) ‘Surreal Poster Series’ was presented with a Good Design Award at The Chicago Athenaeum. YOURS is a global youth-led non-governmental organization for road safety. The ‘Surreal Posters’ depict drivers, cyclists and pedestrians in five…

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iv3 CUS’s parent company awarded Top 50 Best Managed Company designation

March 5, 2012 by Canadian Underwriter

Real Matters, the parent company of iv3 CUS, a property and casualty insurance inspection provider, is a 2011 winner of Canada’s 50 Best Managed Companies program. The company was also ranked the 7th fastest growing North American technology company on…

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Increase in cottage rentals begs questions about insurance implications

March 2, 2012 by Canadian Underwriter

Renting a cottage is itself becoming a cottage industry. The question is: what are the insurance implications of having unknown holiday weekenders descending on your summer property? The Globe and Mail reports that the trend to rent out cottage properties…

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SGI teams up with Students Against Drinking and Driving (SADD) to support Driving Awareness Week

March 2, 2012 by Canadian Underwriter

Saskatchewan Government Insurance (SGI) is joining Students Against Drinking and Driving (SADD) Saskatchewan in supporting Impaired Driving Awareness Week, proclaimed by the provincial government for Mar. 5-9, 2012 in Saskatchewan. The annual week, originally proclaimed in 1999, raises awareness of…

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OSFI reminds insurers about outsourcing guidelines

March 2, 2012 by Canadian Underwriter

Given the proliferation of new technology-based outsourcing services such as cloud computing, the Office of the Superintendent of Financial Services (OSFI) is reminding federally regulated insurers that its expectations contained in Guideline B-10 continue to apply. OSFI issued its revised…

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British insurers want Solvency II equivalency higher on the agenda

March 2, 2012 by Canadian Underwriter

The Association of British Insurers (ABI) wants to see the issue of non-EU countries’ equivalence with the proposed Solvency II capital regime to be bumped higher up the agenda. “The industry is investing hundreds of millions of pounds to implement…

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CIP Society announces call for leadership award nominations

March 2, 2012 by Canadian Underwriter

The CIP Society has announced its call for nominations for the 2012 National Leadership Awards, a national program recognizing excellence in the property and casualty insurance industry. The awards are divided into two categories: ‘Established Leaders’ and ‘Emerging Leaders.’ The…

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Tornadoes kill 12, cause widespread property damage in southern United States

March 2, 2012 by Canadian Underwriter

An estimated 30 tornadoes tore through six Midwest states on Feb. 28 and 29, killing at least 12 people and causing widespread property damage, Guy Carpenter reported. Nebraska, Kansas, Missouri, Illinois, Indiana and Kentucky were all affected by the severe…

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Gaps in corporate travel policies create exposures for employers

March 1, 2012 by Canadian Underwriter

Less than one-third of companies have updated their corporate travel policies within the last year, leaving employees on business travel at risk, according to American Express Global Business Travel. American Express Global Business Travel analyzed 100 travel policies of global,…