News

Nearly 70% of Ontario drivers do not understand the impending auto insurance reforms or how the reforms will affect their auto insurance coverage, according to a survey commissioned by RSA Canada.Leger Marketing was commissioned to conduct the RSA Canada Automobile…

Marsh Inc. appointed Jay Sharma to the newly created role of multinational client service director.In this role, Sharma will work with specialists in more than 100 countries to deliver solutions and service to Marsh clients.He will initially focus on Marsh’s…

The Canadian Independent Adjusters’ Association (CIAA) has inaugurated Mary Charman as its president for the 2010-11 year.Charman assumed the role from outgoing president Patti Kernaghan during the CIAA’s 26th Annual Conference in Victoria on Aug. 28. Born in Sudbury, Ontario,…

After side-swiping the North Carolina coastline, a weakened Hurricane Earl is heading in the direction of Nova Scotia as a Category 2 hurricane.The Canadian Hurricane Centre said in a statement on Sept. 3 that hurricane watches are in effect for…

If a claimant has not submitted an OCF-1 form (Application for Accident Benefits) to an insurer, it does not automatically disqualify them from being considered to have provided a completed application for accident benefits, Ontario’s Court of Appeal ruled. Four…

Catastrophe losses for the first half of 2010 have already exceeded the $5 billion of catastrophe losses reported for the whole of 2009, reports Fitch.Fitch evaluated data from 50 U.S. property/casualty insurers and found that underwriting results took a hit…

Manitoba Public Insurance (MPI) launched a Web application that enables glass repair facilities to register claims on behalf of customers.‘eGlassClaim’ interfaces with MPI’s claims systems and enables customers to initiate glass claims at the repair shop of their choosing. Under…

Customer satisfaction with auto insurers improved 26 points from 2009, despite the fact that a sizeable proportion of policyholders indicated experiencing premium increases, reports J.D. Power and Associates.In its third annual 2010 Canadian Auto Insurance Customer Satisfaction Study, J.D. Power…

Canadian federally regulated property and casualty (P&C) insurers more than doubled their Q2 net income in 2010 compared to the same period of 2009.However, the same cannot be said for their foreign counterparts, according to the Office of the Superintendent…

Should New Brunswick elect a Progressive Conservative government in the coming provincial election, the Insurance Bureau of Canada (IBC) will work with the newly elected government should it fulfill its election promise to review the province’s minor injury cap. IBC…

The 2011 Ford Fiesta sedan/hatchback has earned the Top Safety Pick award – the first minicar to earn the recognition since roof strength requirement for rollover protection was added to the criteria. The award from the Insurance Institute for Highway…

A $25 billion loss would stop the global reinsurance market’s downward pricing trend, but an $82 billion loss would be required to turn the market, according to a panel of experts on an AM Best webinar.During the webinar, ‘State of…