News
Settling total loss values must account for short lag times between escalating gas prices and increased value of fuel-efficient cars: Mitchell
August 10, 2011 by Canadian UnderwriterThe short lag time between escalating gas prices and the increased value of fuel-efficient cars points to the importance of a true market survey method for evaluating a total loss, Mitchell International says in its Q3 2011 Industry Trends Report.In…
CARSTAR Collision announces new environmental sustainability plan
August 10, 2011 by Canadian UnderwriterCARSTAR Collision Centres announced their new sustainability plan on Aug. 10, detailing their commitment to being a social, environmental and economic leader in the Canadian collision repair industry and within the communities they service.“I am extremely pleased to announce this…
Popular, but untrue urban legends about insurance alive and well: TD Insurance survey
August 9, 2011 by Canadian UnderwriterTwenty-nine per cent of Canadians incorrectly believe driving red cars will result in more expensive insurance premiums, while 54% believe two-door cars are more expensive to insure, according to a recent TD Insurance survey.Part II of the TD Insurance 2011…
RIBO issues warning about Capital Insurance Company
August 9, 2011 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO) says it has fielded a number of calls from people who have received information or purchased auto insurance from Capital Insurance Company.“Capital Insurance Company is not licensed to write insurance in Ontario,” RIBO says…
Drought damage in Europe comparable to water damage: report
August 9, 2011 by Canadian UnderwriterCanadian insurers are coming to terms with water damage, but a joint report by Lloyd’s of London and Swiss Re is warning about a new kind of risk arising from climate change – subsidence.Subsidence is the downward shifting or settling…
Wawanesa to use Guidewire ClaimCentre
August 9, 2011 by Canadian UnderwriterThe Wawanesa Mutual Insurance Company and Guidewire Software have announced that Wawanesa is in production with Guidewire ClaimCenter, a Web-based claims system built specifically for the property and casualty industry. Wawanesa announced it is deploying ClaimCenter to manage claims for…
Slave Lake losses prompt Marshall & Swift/Boeckh to review reconstruction costs compared to insured values
August 8, 2011 by Canadian UnderwriterWildfire losses in Slave Lake, Alberta have prompted Marshall & Swift/Boeckh (MSB) to launch a major review of reconstruction costs compared to insured values.MSB, a supplier of local building cost information and analytics, is working on the review in partnership…
Court rejects defendants’ concerns that plaintiff with brain injury might tailor accident recollection if defendants examined first
August 8, 2011 by Canadian UnderwriterAn Ontario Superior Court Justice has rejected a request to change the order of examinations for discovery after the insured defendants expressed concern the brain-injured plaintiff might augment his recollections of an accident after hearing the defendants examined first.In Ezeh…
Joel McQuilkin to lead transportation fleet services at Cunningham Lindsey Canada
August 8, 2011 by Canadian UnderwriterJoel McQuilkin has been appointed director of specialty services-transportation fleet services at Cunningham Lindsey Canada Claims Services Ltd. (Cunningham Lindsey).McQuilkin will be responsible for providing leadership to the national network of transportation fleet specialists across Canada. He will concentrate on…
Philip Mather named senior vice president and CFO at The Economical
August 8, 2011 by Canadian UnderwriterEconomical Mutual Insurance Company has appointed Philip Mather as senior vice president and chief financial officer, effective Oct. 1, 2011. Mather is currently a partner in the audit and assurance group of PricewaterhouseCoopers LLP, specializing in the financial services practice.…
The Economical calls for P&C demutualization regulations to be similar to rules for life insurers – with some exceptions
August 5, 2011 by Canadian UnderwriterThe Economical Mutual Insurance Company has proposed to the federal government that Canadian property and casualty insurers should follow essentially the same demutualization process as reflected in the rules for life insurance mutuals.However, in a submission to the federal government,…
McLarens Canada re-branded as Granite Claims Solutions
August 5, 2011 by Canadian UnderwriterMcLarens Canada has been renamed Granite Claims Solutions.McLarens Canada began 35 years ago in Toronto as Ponton Coleshill InsuranceAdjusters. Since then, the company has grown to over 500 employees and provides claims services across Canada from almost 50 branch offices.…