News
Opioid dependency in auto accident victims at “crisis” level
October 24, 2011 by Canadian UnderwriterThe prescription of opioids for auto accident victims suffering from chronic pain has reached an epidemic proportion, creating a healthcare crisis, Dr. Arthur Ameis said.Ameis spoke as a panel member at the Canadian Defence Lawyers seminar on accident benefits held…
Looking for a producer? Poach association executives from your target markets
October 21, 2011 by Canadian UnderwriterBrokers looking to acquire good producers should consider poaching association executives from the brokerage’s target markets.Al Diamond, president of Agency Consulting Group, offered the tip in his seminar at the 91st Annual Convention of the Insurance Brokers Association of Ontario…
CEOs call for improved legislation, ADR and enforcement to fight auto insurance fraud
October 21, 2011 by Canadian UnderwriterStronger legislation, improvements in Alternative Dispute Resolution (ADR) and better enforcement is required to tackle auto insurance fraud, according to members of a CEO panel at the 91st Annual Conference of the Insurance Brokers Association of Ontario (IBAO) in Toronto…
Brokers shouldn’t hold their breath waiting for industry-wide tech solution for broker-carrier connectivity: CEO panel
October 21, 2011 by Canadian UnderwriterBrokers should not hold their breath waiting for a common, industry-wide technology solution to help resolve the ongoing conundrum of broker-carrier connectivity, a panel of insurance company CEOs suggested at the 91st Annual Convention of the Insurance Brokers Association of…
CEO queries why insurers won’t cancel contracts with insurer-owned brokerages
October 21, 2011 by Canadian UnderwriterGeorge Cooke, president and CEO of The Dominion, challenged other insurers to cancel their business with brokerages that have been purchased by a competitor insurer.Cooke was a member of the CEO panel at the Insurance Brokers Association of Ontario’s 91st…
Solvency II implementation likely to be delayed: Guy Carpenter
October 20, 2011 by Canadian UnderwriterThe implementation of Solvency II will likely be delayed from its intended Jan. 1, 2013 start date, Guy Carpenter reported. In its Oct. 20 edition of GC Capitalideas.com, Guy Carpenter noted that the results of fifth the quantitative impact study…
ICBC urges safe driving on wet and icy roads
October 20, 2011 by Canadian UnderwriterICBC has teamed up with police forces to remind drivers to be prepared and adjust their speed when driving on wet or icy roads this fall and winter. In October, there are on average 64 crashes involving injuries or death…
MPI sponsors grassroots crime prevention program
October 20, 2011 by Canadian UnderwriterThe Citizens on Patrol Program (COPP), a crime prevention program sponsored by Manitoba Public Insurance (MPI), has expanded to include 66 active groups and 1,800 COPP volunteers dedicated to reducing crime within their communities and neighbourhoods. COPP is a grassroots…
Ontario brokers working with insurers to make predictive analytics more transparent
October 20, 2011 by Canadian UnderwriterOntario’s insurance brokers appear to be making some headway with insurers in making sure brokers have a role in educating consumers about the use of predictive analytics in insurance underwriting.Statistical data packages that insurers use to underwrite insurance are becoming…
Intact-AXA Canada merger has “totally changed the market” in Quebec: brokers
October 20, 2011 by Canadian UnderwriterQuebec’s insurance brokers are closely monitoring the impact of Intact Insurance’s merger with AXA Canada, which has “totally changed the market” in the province, according to the provincial broker association’s president elect.Regroupment des cabinets de courtage d’assurance du Québec (RCCAQ)…
Ontario brokers need to start texting Gen Y consumers
October 20, 2011 by Canadian UnderwriterOntario brokers need to start communicating with Generation Y consumers using the means with which they prefer to communicate – text primarily, then email – or else risk losing out on communicating with a large chunk of the province’s consumer…
B.C. Appeal Court re-affirms jurisdiction of B.C. Superintendent of Motor Vehicles in driver’s appeal of license suspension
October 19, 2011 by Canadian UnderwriterA suspended B.C. driver wishing to revoke his driving prohibition on the basis that he felt the peace officer’s decision to revoke it was wrong and unreasonable should have taken his matter to court and not to the B.C. Superintendent…