News
Crawford & Company (Canada) announces three personnel appointments
January 31, 2012 by Canadian UnderwriterCrawford & Company (Canada) Inc. has announced three new appointments in it operations. Randy LaBrash is now director of GTS in western Canada. He will focus primarily on commercial large loss files handling within the region, as well as assume…
Appeal Court overturns rear-end collision liability findings because trial judge failed to resolve divergent testimony
January 31, 2012 by Canadian UnderwriterThe Ontario Court of Appeal ordered a re-trial in a case that apportioned liability for a rear-end collision on the basis that the trial judge failed to resolve divergent testimony.In Martin-Vandenhende v. Myslik, the Appeal Court notes Janice Martin-Vandenhende was…
CARSTAR adds Kanata location to its roster
January 31, 2012 by Canadian UnderwriterCARSTAR Automotive Canada Inc. has added a fourth location to the Ottawa market, in Kanata. CARSTAR Kanata (Allard’s) has more than 22,000-square-feet of production space, making it one of the largest collision centres in CARSTAR’s network. The building has approximately 2,000…
Thai floods create opportunities for Canadian investment
January 31, 2012 by Canadian UnderwriterFloods that devastated Thailand’s industrial parks in 2011 have created opportunities for Canadian and other foreign companies to invest in local reinsurers that are in dire need of new capital, A.M. Best says.The flooding in Thailand resulted in an estimated…
Karen Clark & Company introduces new tool to supplement models in managing catastrophe risk
January 31, 2012 by Canadian UnderwriterKaren Clark & Company (KCC), independent experts in catastrophe risk, catastrophe models and catastrophe risk management, is introducing Characteristic Events (CEs), a new tool to assist insurance companies in assessing and managing catastrophe risk.CE intensity “footprints” are created using the…
Advanced vehicle technology may cause debate in the future about “cosmetic” versus “functional” repairs: CCIF Toronto meeting
January 30, 2012 by Canadian UnderwriterThe increasing integration of advanced vehicle technology (AVT) into vehicle design means insurers will have difficult decisions to make in the future about financing “cosmetic” versus “functional” repairs, delegates at the Canadian Collision Industry Forum (CCIF) heard in Toronto on…
Steve Lucas appointed vice president of national accounts at ACE Canada
January 30, 2012 by Canadian UnderwriterACE Canada, the Canadian-based operating division of the ACE Group, has appointed Steven Lucas as vice president of national accounts. Lucas will be responsible for leading the business development strategy and will act as the principal contact for ACE Canada’s…
Canadian insurers face challenging year ahead: Ernst & Young
January 30, 2012 by Canadian UnderwriterVolatile capital markets and expanding regulations will challenge Canadian property and casualty insurers in 2012, but there are opportunities for success if insurers make the right moves, Ernst & Young says.“To reposition strategically for growth and remain high performers, insurers…
IBAO launches online home inventory tool
January 30, 2012 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) has launched a new website tool, MyInsuraceShopper Know Your Stuff-Home Inventory, a free online home inventory software for consumers. The application was designed to help consumers create and update their home inventory easily…
ICBC busts B.C. man for auto insurance fraud after he brags about it on Facebook
January 30, 2012 by Canadian UnderwriterA British Columbia man learned the hard way that if you’re going to commit insurance fraud, bragging about in on Facebook is not the wisest thing to do. Corbin Joseph was fined $2,000 and ordered to pay more than $18,000…
Advances in auto safety technology take 30 years to spread through vehicle fleets: IIHS
January 27, 2012 by Canadian UnderwriterAdvances in safety technology occur at a rapid pace, but it takes decades for these safety features to spread through entire fleets of vehicles, reports the Insurance Institute for Highway Safety (IIHS).According to the IIHS, it takes at least 30…
Canadian Underwriter and Swiss Re team up to present webinar on making overland flood insurable
January 27, 2012 by Canadian UnderwriterCanadian Underwriter and Swiss Re have teamed up to present a webinar on ‘Making Flood Insurable for Canadian Homeowners,’ on Feb. 16, 2012.The free presentation will be streamed live from 10 a.m. to 11 a.m. EST (Eastern Standard Time).Dr. Jens…