News
RIBO reminds brokers to use proper names in social media
October 5, 2011 by Canadian UnderwriterThe Registered Insurance Brokers of Ontario (RIBO) is reminding brokers that the name or identity they use to market themselves or their business on social media sites must match the registered name of the individual broker or the business being…
Forensics Investigations Canada joins forces with Garda Investigative Services
October 5, 2011 by Canadian UnderwriterForensic Investigations Canada (FIC) has joined forces with Garda Investigative Services (GIS).FIC and GIS have entered into a strategic client referral agreement that “positions FIC as the provider of choice for corporate investigations outside of the Province of Quebec,” an…
State Farm cautions drivers of increased animal-collision risk
October 5, 2011 by Canadian UnderwriterA recent Transport Canada report found that between four and eight large animal vehicle collisions take place every hour in Canada, State Farm says in a press release.In addition, the Ontario Ministry of Natural Resources estimates there is a motor…
Audatex adds Volkswagen and Audi to VIN identification technology
October 5, 2011 by Canadian UnderwriterVolkswagen and Audi vehicles are now available on Audatex North America’s ‘AudaVIN,’ a vehicle identification technology solution.AudaVIN uses vehicle identification number [VIN] data to give insurance claim representatives, appraisers and collision repair estimators complete vehicle-specific information recorded by manufacturers on…
Proposal to increase Nova Scotia’s AB coverage estimated to cost drivers an average premium increase of between $6 and $7.50
October 5, 2011 by Canadian UnderwriterA proposal to increase Nova Scotia’s standard accident benefits package up to the higher limits contained in a Section 48 endorsement would result in an average premium increase of between $6 and $7.50 per driver. The Nova Scotia Utility and…
OSFI releases revised minimum capital test guidelines
October 4, 2011 by Canadian UnderwriterThe Office of the Superintendent of Financial Institutions (OSFI) has revised its Minimum Capital Test (MCT) guidelines for property and casualty insurers, effective Jan. 1, 2012.OSFI requested industry feedback for a draft MCT guideline in May. As a result of…
Glenn Gibson receives CIP Society’s leadership award
October 4, 2011 by Canadian UnderwriterGlenn Gibson, senior vice president of global strategy, projects and development at Crawford & Company (Canada) Inc. is the recipient of the Canadian Insurance Professional (CIP) Society’s ‘2011 Established Leadership Award.’The award recognizes individuals who have shown exceptional leadership abilities…
SUVS and pickups pose less risk to those in cars and minivans
October 4, 2011 by Canadian UnderwriterNew SUVs and pickups pose far less risk to people in cars and minivans than previous models, according to the Insurance Institute for Highway Safety (IIHS) Until recently, SUVs and pickups were more likely than cars or minivans of the…
Saskatchewan Mutual Insurance implements iter8 for broker download initiative
October 4, 2011 by Canadian UnderwriterSaskatchewan Mutual Insurance has selected iter8’s ‘communic8′ for its independent broker download initiative for multiple broker management systems.The implementation of communic8 will enable independent brokers to receive accurate, complete download services, a Saskatchewan Mutual release says.Iter8 will use communic8 to…
Audatex offers web-based business intelligence platform to shop owners
October 4, 2011 by Canadian UnderwriterAudatex North America, Inc. has extended its web-based business intelligence software for monitoring key performance indicators to single shop owners and multi-shop organizations. Audatex Insight for Repair Facilities is a web-based business intelligence platform that allows insurers to monitor, measure…
DAS Canada offers Albertans free legal advice
October 4, 2011 by Canadian UnderwriterDAS Canada is offering Albertans a week of free legal advice around the strict distracted driving legislation that was adopted in that province on Sept. 1. The law bans the use of hand-held electronic devices while driving. But the province…
Quebec has most affordable insurance, Ontario the least, study finds
October 3, 2011 by Canadian UnderwriterAuto insurance has been most costly and least affordable in Ontario, British Columbia, Saskatchewan and Manitoba, according to a recent study by the Fraser Institute.“Auto insurance premiums have been consistently most affordable in Alberta, Newfoundland & Labrador, Nova Scotia, Prince…