News
Insurance consumers are not taking advantage of discounts: Kanetix
February 6, 2012 by Canadian UnderwriterInsurance consumers in Ontario, Quebec and Alberta are leaving money on the table by passing up discount opportunities, Kanetix says.Kanetix, an online quote comparison website, recently published 2011 Q4 auto insurance rate results for Ontario, Quebec and Alberta. The study…
Direct writers likely to be first to use social platform for selling insurance: Celent
February 6, 2012 by Canadian UnderwriterThe first U.S. property and casualty insurer to use a social networking site as a platform for its business will likely be a direct writer that offers personal auto, motorcycle or dwelling insurance and not necessarily one of the biggest…
ClearRisk announces two appointments in sales and marketing department
February 6, 2012 by Canadian UnderwriterClearRisk has announced two appointments within its sales and marketing department. Ray Dillon joins the St. John’s-based company as chief sales and marketing officer and Chris Gardner has been promoted to vice president of sales and marketing. “Ray led the…
Minor earthquake hits offshore of Vancouver Island
February 6, 2012 by Canadian UnderwriterA Magnitude-5.6 earthquake struck offshore of Vancouver Island in B.C. around noon on Feb. 4. Natural Resources Canada estimated the depth of the epicenter at 12.8 kilometres. The epicenter was approximately 170 kilometres west of Ucluelet, B.C. (near Tofino, B.C.)“No…
RIMS launches how-to guide for handling cyber risk
February 6, 2012 by Canadian UnderwriterThe Risk and Insurance Management Society (RIMS) has launched a guide for risk managers to manage cyber risks using an enterprise risk management (ERM) approach. The report is a joint effort between RIMS, Identity Theft 911 and USLaw Network.ERM Best…
Quebec police pulling over more drivers for cell phone use
February 6, 2012 by Canadian UnderwriterQuebec police are reportedly concerned about the use of cell phones while driving and a lack of seat belt use, according to a CTV.ca report.CTV cites figures from the Sûreté du Québec (SQ) showing that 9,000 drivers were pulled over…
SGI proposes rate increase for auto customers
February 3, 2012 by Canadian UnderwriterSGI has proposed a net increase of 3.7% for Saskatchewan Auto Fund rates. If approved, the rate changes would take effect Aug. 4, 2012.The public insurer submitted its proposal to the Saskatchewan Rate Review Panel for “rate rebalancing.” Rebalancing takes…
Watch out for pizza delivery risk during the Super Bowl
February 3, 2012 by Canadian UnderwriterAs the United States gears up for the Super Bowl on Feb. 5, insurers are warning of the escalation of risks specific to the big football game.Take pizza delivery, for example.As U.S. households hunker down for the big game, which…
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…