News
CARSTAR celebrates opening of new head office with $100k donation to Cystic Fibrosis Canada
December 1, 2011 by Canadian UnderwriterHollywood actor James Woods was on hand to help CARSTAR Automotive Canada Inc. celebrate the grand opening of its 16,000-square-foot new head office in Hamilton.Following the grand opening, the company hosted more than 600 guests at a casino-themed event in…
B.C. public auto insurer must pay for massage therapy: B.C. Court of Appeal
December 1, 2011 by Canadian UnderwriterMassage therapy recommended by a family physician and provided by a registered massage therapist is a benefit for which the Insurance Corporation of B.C. (ICBC) has a legal obligation to pay, the B.C. Court of Appeal has ruled. The appellate…
Intact-AXA merger will affect P&C marketplace on a grander scale than demutualization: The Economical executive
November 30, 2011 by Canadian UnderwriterIntact’s acquisition of AXA will have a larger impact on the Canadian property and casualty marketplace than if The Economical, Wawanesa Mutual and Gore Mutual were to all demutualize during the upcoming year, according to David A. Crozier, senior vice…
ICBC seeks basic insurance rate increase for the first time in four years
November 30, 2011 by Canadian UnderwriterCiting diminishing investment returns and escalating bodily injury claims costs, the Insurance Corporation of B.C. (ICBC) intends to apply to the British Columbia Utilities Commission (BCUC) for a basic insurance rate increase.If approved, it would be the first time in…
Western Financial Group’s president and CEO seeks Senate seat
November 30, 2011 by Canadian UnderwriterWestern Financial Group president and CEO Scott Tannas is seeking a seat at the Canadian Senate. Tannas announced to Western Financial employees on Nov. 29 that he intends to seek the nomination of the Progressive Conservative Party of Alberta to…
Rumoured delay of P&C demutualization regs just government trying to “get it right”
November 30, 2011 by Canadian UnderwriterThe delivery of demutualization regulations is not delayed, per se, so much as the Department of Finance is taking its time to ensure it “gets it right,” said David A. Crozier, The Economical Insurance Group’s senior vice president of operations.Crozier…
ClearRisk named one of Canada’s Top 20 most innovative technology companies
November 30, 2011 by Canadian UnderwriterThe Canadian Innovation Exchange has named ClearRisk in its Top 20 list of Canada’s most innovative technology companies.ClearRisk is a provider of risk management-focused cloud and mobile applications. The CIX Top 20 is split into two groups of 10: information…
MPI hits up $1-million lottery winner for outstanding claims judgments
November 30, 2011 by Canadian UnderwriterSavvy claims investigators may want to check the names of lottery winners, having observed Manitoba Public Insurer (MPI) recover on two judgments rendered against a convicted car thief who won $1 million at the end of July 2011.Farrell Lavallee won…
Older Canadians fare better than younger drivers on winter roads: TD Insurance poll
November 29, 2011 by Canadian UnderwriterCanadians aged 55 or over are not only more confident winter drivers (27% versus 17% of Canadians aged 18-34), they are also more knowledgeable on how to stay safe on the roads, according to the TD Insurance Winter Driving Poll.“With…
Halifax RCMP conclude six-year stolen vehicle/insurance fraud investigation with charges against four people
November 29, 2011 by Canadian UnderwriterHalifax RCMP have identified and charged four individuals following an investigation of an alleged inter-provincial stolen vehicle/insurance fraud scheme.Police say the complex investigation began after police received a complaint about suspicious activity in 2005. The investigation determined the accused were…
Toronto, GTA drivers have highest car collision frequency in Ontario
November 29, 2011 by Canadian UnderwriterDrivers in nine Greater Toronto communities have the highest car collision frequency rate in Ontario, according to an Allstate Insurance Company of Canada study.The third annual Ontario Safe Driving Study examines Allstate Canada claims data and ranks drivers in Ontario…
SCM Risk Management Services partners with Powersoft to roll out iClarify to Canadian brokers
November 29, 2011 by Canadian UnderwriterSCM Risk Management Services has partnered with PowerSoft to roll out iClarify to Canadian brokers. The property data valuation tool is now available to brokers using PowerSoft in Ontario, British Columbia, Quebec and Atlantic Canada.iClarify combines unique proprietary data derived…