News

Responding to the risk of fires following an earthquake, the City of Vancouver is in the middle of replacing transformers mounted on wooden poles in the city’s downtown core, according to a report by the CBC.A Nov. 20, 2010 report…

The Aviva Community Fund is down to its final 30 finalists.Created by Aviva Canada, the fund provides $1 million in donations to lead, empower and support community initiatives across the country.The 30 finalist ideas are now in the hands of…

The U.S. government has launched a civil lawsuit against BP, QBE Underwriting Ltd. and seven other parties it deems responsible for the Deepwater Horizon oil spill on Apr. 20, 2010.U.S. Attorney General Eric Holder did not say in his Dec.…

The 2000 model of Honda’s two-door Civic SiR was the most stolen vehicle in 2010, according to the Insurance Bureau of Canada (IBC).Each year, IBC releases its Top-10 list of most stolen cars. The remainder of the IBC’s 2010 list…

Global natural catastrophes accounted for $38 billion of insured losses in 2010, according to Aon Benfield. Three hundred and fourteen separate events in 2010 contributed to this loss total. This activity is far higher than in the previous three years,…

Peter M. Burns will formally become the president of the Insurance Brokers Association of Ontario (IBAO) on Jan.1, 2011.He was officially inducted during the IBAO Convention in October. Burns is currently the president of Burns, Demeyere & Associates in Tillsonburg,…

The Gulf Coast Claims Facility (GCCF), an arms-length administrator of claims related to the BP oil spill, has paid out almost $2.5 billion for just over 166,000 claims as of Dec. 13, 2010.The claims followed an oil spill in the…

A fierce winter windstorm blew through Nova Scotia and New Brunswick on Dec. 13-14, dropping more than 100 mm of rain over a 48-period in some places and leaving more than 80,000 without power at one point during the storm.Environment…

SGI has committed to employing students participating in and graduating from the Saskatchewan Institute of Applied Science and Technology (SIAST)’s new Business Insurance Diploma program.The program begins in September 2011. SGI will establish six work terms after the second semester,…

Ontario’s Uninsured Vehicles Project (OUVP) generated a fair amount of discussion between industry and regulator stakeholders about what consumers should do in the event of wrongful denials of license plate renewals.The OUVP is designed to reduce the number of uninsured…

Canada raised record funds in the global ‘Movember Challenge,’ with a little help from insurance industry participants. The Movember initiative started in Australia in 2003 to raise awareness of men’s health – prostate cancer in particular – by having participants…

The Canadian Automobile Association (South Central Ontario) will be applying to the Financial Services Commission of Ontario (FSCO) to offer premium rebates for drivers that install winter tires.“Insurance premium rebates will incent drivers to install winter tires, which will help…