News
New Brunswick Insurance Board says auto insurers should not be offering deductibles on DCPD coverage to commercial consumers
February 17, 2011 by Canadian UnderwriterThe New Brunswick Insurance Board is asking all insurers writing commercial automobile insurance policies in New Brunswick to review their book of business for any possible instances in which deductibles may have been offered on Direct Compensation-Property Damage (DCPD) coverage…
Criminal record checks for first-time Alberta agent, adjuster licensees now available online
February 17, 2011 by Canadian UnderwriterCriminal record checks required as part of the certification process for new Alberta agents or adjusters can now be done online.“As part of the application process for certification as an agent or adjuster, the Alberta Insurance Council has partnered with…
Demand in the United States for terrorism risk insurance levels off
February 17, 2011 by Canadian UnderwriterTerrorism risk insurance is available and affordable in the United States, but demand remains flat even as the danger of an act of terror may be at its highest level since Sept. 11, 2001, according to the latest issue of…
Pembridge and Brovada launch real-time broker solution
February 16, 2011 by Canadian UnderwriterPembridge Insurance Company and Brovada Technologies have launched ‘Broker Connectivity Upload,’ the second-phase of a joint venture offering real-time transactions aimed at improved broker workflows. Broker Connectivity Upload allows brokers to begin and end a new business transaction in their…
Golf cart driving illegally on the highway without insurance is still a “motor vehicle”: Ontario arbitrator
February 16, 2011 by Canadian UnderwriterA golf cart driving illegally along an Ontario highway without insurance is a “motor vehicle” for the purpose of determining accident benefits, an Ontario arbitrator has ruled.Wilhelmina Margaret Buckle was seriously injured on June 14, 2003, when she fell off…
MPI launches grassroots campaign targeting teen DUI prevention
February 16, 2011 by Canadian UnderwriterManitoba Public Insurance (MPI) has partnered with the Manitoba School Board Association and Teens Against Drinking and Driving to launch a speaker series aimed at enlightening teens about the physical devastation and emotional trauma caused by impaired driving.The ‘Friends for…
Australian estimated flood losses double to $2 billion
February 16, 2011 by Canadian UnderwriterThe Insurance Council of Australia has essentially doubled the estimated insured losses arising from the Queensland floods to $2 billion. Preliminary estimates fell into the $150-million range, and by Jan. 31, 2011 ICA increased its estimate to $1.15 billion. To…
Fewer Code of Conduct complaints against Ontario brokers in 2009-10: RIBO
February 16, 2011 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO), the self-regulating body for Ontario’s brokers, opened 12 fewer complaint files related to Code of Conduct issues in 2009-10, according to latest annual report.This accounted for the main difference in the total number of…
Willis North America names director of operations
February 16, 2011 by Canadian UnderwriterWillis North America has appointed Jeff Elliott as director of operations, a newly created position. Elliott’s role will be to refine Willis North America’s target operating model and oversee its major technology initiatives. In addition, he will develop standards and…
Industrial Alliance acquires creditor insurance and replacement warranty distributors
February 15, 2011 by Canadian UnderwriterIndustrial Alliance Insurance and Financial Services Inc. has signed an agreement to acquire through its affiliated companies the operations of Protection V.A.G. Inc., Communications & Références Multi Assurance Direct inc. (MAD) and Produits récréatifs Accès Inc. (Accès).VAG, Accès and MAD…
Nova Scotia appoints insurance industry veteran David Chisholm to Waterfront Development Corporation
February 15, 2011 by Canadian UnderwriterThe Government of Nova Scotia has appointed insurance industry veteran David Chisholm to the Waterfront Development Corporation board of directors.Waterfront Development Corporation Ltd. is a provincial Crown corporation that manages provincially owned land along the waterfronts from Halifax, Dartmouth, Bedford…
BC Supreme Court finds cyclist at-fault in collision
February 15, 2011 by Canadian UnderwriterBritish Columbia’s Supreme Court has found a cyclist entirely at fault in a collision involving a car and a bicycle. In Ireland v. McKnight, Lionel Ireland, a doctor, was riding his bike home from work on Sept. 4, 2007 when…