News
iClarify Services now available in Atlantic Canada
November 7, 2011 by Canadian UnderwriterSCM Risk Management Services (RMS) has launched iClarify Services in Atlantic Canada for more than 150 brokerages. This is part of a national rollout, with an anticipated completion by the end of Q4. Combining unique, proprietary data derived from the…
QBE appoints Canadian director of underwriting
November 7, 2011 by Canadian UnderwriterQBE has announced the appointment of Valerie Jobson to director of underwriting in the company’s Canadian branch. Having joined QBE in September, she reports to David Edgar, general manager of the Canadian branch.Jobson brings with her more than 31 years…
End of Daylight Savings Time brings heightened risk of crashes: ICBC
November 7, 2011 by Canadian UnderwriterB.C. drivers overestimate the benefits of an extra hour of sleep that comes with the end of Daylight Savings Time (DST), causing drivers to experience greater risks on the road, an ICBC survey found.There is a 10% increase in the…
Quebec consumers report highest satisfaction with home insurers
November 4, 2011 by Canadian UnderwriterCustomers in Quebec appear to have the highest level of satisfaction with their home insurers, compared to customers in the Western and Ontario/Atlantic regions, according to JD Power and Associates.The ‘2011 Canadian Home Insurance Study’ measures home insurance customers’ experiences…
Insured losses from Thailand flood likely to range from $4.5 billion to $5.85 billion
November 4, 2011 by Canadian UnderwriterThailand’s Office of Insurance Commission (OIC) estimates the insured losses caused by flooding so far to be US$4.5 billion, reported Guy Carpenter. The country has experienced its worst flooding in years over the past few months, leaving more than 420…
Craig Kielburger to serve as keynote speaker at Insurance Institute’s Toronto convocation
November 4, 2011 by Canadian UnderwriterCanadian activist Craig Kielburger will serve as the keynote speaker at The Insurance Institute of Ontario’s Toronto Convocation & Awards Night on Jan. 26, 2012.Keilburger, founder of the international charity Free the Children, is one of the youngest recipients of…
CGI and SAS team up to launch fraud detection service for P&C insurers
November 4, 2011 by Canadian UnderwriterCGI Group Inc. has developed a service, powered by SAS, that is designed to assist Canadian property and casualty insurers detect insurance fraud. The fraud detection solution will provide participating insurers with access to a service that leverages policy and…
Chubb launches online risk management resource
November 4, 2011 by Canadian UnderwriterThe Chubb Group of Insurance Companies has launched an interactive online resource and community addressing risk management challenges for businesses and individuals.‘Risk Conversation,’ can be found at www.riskconversation.com, includes loss prevention information, blogs and risk assessment tools that help users…
Supreme Court decision in hyperlinks and defamation case may have opened more doors than it closed: Norton Rose
November 3, 2011 by Canadian UnderwriterThe Supreme Court of Canada may have raised more questions than it answered when it decided Wayne Crookes, et al. v. Jon Newton, a libel matter related to Web site hyperlinks, according to a recent Norton Rose Group ‘Legal Update.’In…
Insurance sector positioned for surge in demand: Willis
November 3, 2011 by Canadian UnderwriterThe stability of the global insurance sector and its ability to absorb massive catastrophe losses could signal a sharp increase in demand in the near future, Willis suggested in a report. In its report, Marketplace Realities: Solid Footing and a…
The Co-operators reports Q3 profit of $6.2 million, cites improved Ontario auto results
November 3, 2011 by Canadian UnderwriterThe Co-operators General Insurance Company reported a Q3 profit of $6.2 million, marking a dramatic improvement from its 2010 Q3 loss of $8.9 million.The combined ratio (excluding the market yield adjustment) for 2011 Q3 was 101.1%, marking an improvement from…
Western Financial acquires Saskatchewan brokerage
November 3, 2011 by Canadian UnderwriterWestern Financial Group has acquired Watrous Insurance Brokers Ltd. in Watrous, Saskatchewan. The Watrous brokerage, which has been serving the community since 1989, will now operate as a Western Financial Group office. The Western office will remain at 107 Main…