News
Insurance Institute launches Serious Injury program for adjusters
February 3, 2012 by Canadian UnderwriterThe Insurance Institute, in collaboration with the Ontario Insurance Adjusters Association (OIAA), is officially launching a training program to help adjusters understand serious injuries. Understanding Serious Injury: Adjuster Training & Education is a comprehensive, eight-day program offering applied technical training…
RSA unveils platform for commercial, personal and large commercial and specialty lines
February 3, 2012 by Canadian UnderwriterNow that its acquisition of GCAN is complete, RSA has unveiled its ‘stem-to-stern’ proposition, including a suite of offerings in commercial, personal and large commercial and specialty lines.Since acquiring GCAN in January 2011, RSA combined the strengths of both organizations…
California, New York and Washington mandate climate change information from insurers
February 3, 2012 by Canadian UnderwriterThe California Department of Insurance (CDI) has joined with Washington State and New York to require insurers to respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners (NAIC). California, Washington and New York…
OSFI posts new form for reporting a change to a fiscal year end
February 3, 2012 by Canadian UnderwriterFederally regulated property and casualty insurers and other financial institutions are expected to fill out a return informing Canada’s federal solvency regulator about any intended change to a company’s financial year-end.The Office of the Superintendent of Financial Institutions (OSFI) has…
Canada, B.C. jointly invest $36 million to provide greater flood protection in B.C.
February 2, 2012 by Canadian UnderwriterThe Governments of Canada and B.C. have jointly invested $36 million to provide greater flood protection for 20 communities across B.C. “Our government is committed to strengthening our communities and protecting Canadians,” Lynne Yelich, minister of state for Western economic…
Mondial Assistance Canada becomes Allianz Global Assistance
February 2, 2012 by Canadian UnderwriterMondial Assistance Canada, an assistance and specialty insurance provider, has become Allianz Global Assistance as of Feb. 1, 2012.The name change is part of a global brand transition expected to be completed in late 2012. Mondial Assistance Canada is a…
Anticipation of risks not enough, organizations need to build resilience: Willis CEO
February 2, 2012 by Canadian UnderwriterThe nature of traditional property and casualty risks is shifting, and people can no longer rely entirely on the purchase of insurance to mitigate them, said Joe Plumeri, chairman and CEO of Willis Group. Plumeri spoke recently at the 2012…
Seismic models allow U.S. nuclear facilities to reassess seismic risk
February 2, 2012 by Canadian UnderwriterA new seismic model allows U.S. nuclear facilities in the central and eastern United States to reassess their seismic hazards.The model and report, The Central and Eastern United States Seismic Source Characterization for Nuclear Facilities, was a joint effort by…
Allstate Canada raises nearly $200,000 for United Way
February 2, 2012 by Canadian UnderwriterAllstate Insurance Company of Canada presented a cheque for roughly $200,000 to United Way of York Region.The donation comes after a three-month long corporate campaign, including various unique employee-driven events, to raise funds for United Way and its member agencies…
Western Financial Group acquires Brown & Ward Insurance Ltd.
February 2, 2012 by Canadian UnderwriterWestern Financial Group has acquired Brown & Ward Insurance Ltd., an insurance services provider in Lacombe, Alberta.Owned and operated by Lorne and Heather Rye, Brown & Ward has been in business since 1938. The company will continue to operate with…
IBC sponsors access to staged collision course for police officers
February 1, 2012 by Canadian UnderwriterInsurance Bureau of Canada (IBC) and the Canadian Police Knowledge Network (CPKN) are sponsoring free access for the remainder of 2012 for Canadian frontline police officers to a course on identifying staged collisions. Staged collisions, in which accidents are orchestrated…
SCM launches iClarify Commercial
February 1, 2012 by Canadian UnderwriterSCM Risk Management Services (RMS) has launched iClarify Commercial, a desktop commercial insurance tool. The tool allows insurance professionals to access an “unprecedented” amount of real-time, insurance-relevant data on commercial properties across Canada, a SCM release says.“At the click of…