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Internal fraud plagues nearly half of large Canadian companies

December 8, 2010 by Canadian Underwriter

Nearly half of large Canadian companies say employees have attempted to defraud their organization, according to a SAS/Leger Marketing survey.SAS/Leger Marketing polled more than 1,000 Canadian executives earlier this year. It found 48% of large companies have faced fraud attempts…

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Canada needs more coordinated approach to climate change, ship source oil spills: auditor report

December 8, 2010 by Canadian Underwriter

Canada’s commissioner of the environment and sustainable development has criticized the federal government for not showing sustained leadership or responding in a coordinated way to the risks associated with climate change.Also in his 2010 Fall Report, commissioner Scott Vaughan calls…

News InsuranceMergers and Aqcuisitions

Manitoba launches pilot mediation program for auto accident victims

December 8, 2010 by Canadian Underwriter

Manitoba is launching a pilot project offering mediation to Manitobans who disagree with Personal Injury Protection Plan (PIPP) decisions by Manitoba Public Insurance (MPI).The mediation pilot office will use independent, qualified mediators and operate over a two-year period. Data collected…

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Roughly one-in-three Ontarians admit to driving while under the influence

December 8, 2010 by Canadian Underwriter

Nearly 30% of Ontarians admitted to driving while under the influence “at least once” in the past year, according to CAA’s Traffic Safety Culture survey.CAA surveyed 2,000 Canadians, 600 of which were from Ontario.The survey found 27% of Ontarians questioned…

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Swiss Re economists envision hardening P&C market in 2012

December 8, 2010 by Canadian Underwriter

Swiss Re sees continued global economic expansion in 2011, but warns a risk remains a global economic recovery will be derailed by renewed financial market turmoil.This could potentially result in a hardening property and casualty insurance market in 2012, Swiss…

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First Nations member entitled to IRB benefits despite lack of written documentation

December 7, 2010 by Canadian Underwriter

For the purpose of calculating income replacement benefits, there is a difference between “poor record keepers,” who fail to document income properly, and a First Nations person working at a store on a reserve, where there is no legal obligation…

News Insurance

Insurance Central sold to BrokerLink

December 7, 2010 by Canadian Underwriter

Insurance Central and BrokerLink have jointly announced that Darren DeDobbelaer, president of Insurance Central, a full service brokerage operating in Southwestern Ontario, has sold his brokerage to BrokerLink. Terms of the transaction were not disclosed.Established in 1991, the BrokerLink companies…

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

75% of Ontarians do not know their credit scores are used in home insurance: IBAO

December 7, 2010 by Canadian Underwriter

The vast majority of Ontario consumers – 75% – do not know their credit scores are used to determine how much the pay for their home insurance, according to a survey commissioned by the Insurance Brokers Association of Ontario (IBAO).IBAO…

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Chubb Canada offers brokers online quoting capabilities

December 7, 2010 by Canadian Underwriter

Chubb Insurance Company of Canada has launched an online auto and property quoting mechanism for brokers.The @ChubbCanada service now offers brokers online quoting of Masterpiece Auto and Masterpiece Property. The service includes: 24/7 access to accurate quotes and policy information;…

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Catlin Canada hires Calgary-based engineer

December 7, 2010 by Canadian Underwriter

Catlin Canada has hired Dave McAuley as its manager of risk engineering.He will be working from the insurer’s Calgary office.He most recently worked at Marsh Calgary’s Marsh Risk Control with emphasis on risk engineering consultation and surveys for energy risks.McAuley…

News Insurance

Insurance reciprocals form national association

December 6, 2010 by Canadian Underwriter

The Canadian Association of Insurance Reciprocals has recently formed to serve as the collective voice of insurance reciprocals across Canada.The not-for-profit association’s mandate includes raising awareness of the value of insurance reciprocals and representing its members’ interests to governments, and…

News Climate ChangeInsuranceMergers and Aqcuisitions

Climate change increasing severity of northern wildfires

December 6, 2010 by Canadian Underwriter

Climate change is causing wildfires to burn more fiercely, pumping more greenhouse gases into the atmosphere than previously thought, according to a new study by researchers at the University of Guelph. Researchers looked at fire records kept since the 1950s…