438 articles for Aug 2007
Comic mascots pay off for insurers in social media campaigns
April 15, 2010 by Canadian UnderwriterThe huge popularity of comic mascots in social media has “paid dividends” to insurers who have invested in and executed them well, says Celent.In its report, Leveraging Social Networks: An In-Depth View for Insurers, Celent explores the applications of social…
FirstOnSite Announces Appointment of New Manitoba District General Manager
April 13, 2010 Canadian Underwriter magazineApril 13, 2010, Winnipeg, Manitoba FirstOnSite Restoration is pleased to announce the appointment of Mr. David Grant as District General Manager, Manitoba District, effective April 19, 2010. Mr. Grant will work closely with existing co-Presidents Mr. Vance Hallett and Mr.…
Property Loss Update: A view from Glenn Gibson
April 9, 2010 byFor the most part, 2009 was a rather quiet year in our court system for property cases. Yet, as we moved into the last quarter of the year, things started to heat up. For instance, the last decade of ‘bad…
Does social media belong in the workplace?
April 9, 2010 by“Red faces at retailer as dozens of staff post insulting comments about its customers on internet forum” … U.K. Daily Mail “Nearly half of office employees access Facebook during work” … Nucleus Research “Employees publish inappropriate pictures of customers online”…
Fighting Fraud – Five Perspectives
March 31, 2010 Laura KupcisFraud costs the insurance industry an estimated $1.3 to $2.6 billion annually — 10 to 15 per cent of claims paid. Reducing that figure takes the dedication of all areas of the claims field.
Commercial Insurance Market “Positive”: IBC Survey
March 25, 2010 byJust before the economic downturn, Canadian businesses reported better access to commercial insurance and even better pricing, according to two recent Insurance Bureau of Canada (IBC) surveys. In gauging both insurance consumer and broker experiences, the bureau found that 55%…
New stress test from OSFI; Intact takes on debt; Quarterly report from Swiss Re, AIG and Pethealth
March 25, 2010 byNew stress test from OSFI The Office of the Superintendent of Financial Institutions published a draft guideline, on August 26, which sets out the regulator’s expectations for the use of stress testing by federally regulated financial institutions—including insurance companies. In…
Bulletin: Facebook faces litigation; Hurricane Bill; Cat bond activity down; Drivers successful fighting impaireds
March 25, 2010 byA group of Facebook users filed a civil lawsuit on Monday August 17, 2009, that alleges the social-networking site is violating California consumer privacy laws. The lawsuit, which was filed in California’s Orange County Superior Court on behalf of five…
Lloyd’s Makes Progress: Customer Survey
March 25, 2010 byLloyd’s efforts to upgrade its quoting and service processes are on the right track, according to the results of its latest customer satisfaction survey. Over half—53%–of the global brokers and clients surveyed said that the market’s overall processes had improved…
Canadian Market (March 01, 2010)
March 1, 2010 by Canadian UnderwriterPC FINANCIAL RE-LAUNCHES AS FULL SERVICE BROKERAGE Loblaw Companies Ltd. has launched PC Financial Insurance Broker Inc., a “large-scale full service brokerage” for home and auto insurance. The service is available in Ontario and Alberta. Currently it represents the following…
Holding the Bag
March 1, 2010 David GambrillRisk managers are looking to change a centuries-old legal principle that calls on ‘deep pocket’ defendants like municipalities — parties that may only be marginally responsible for injuries or damage to a victim — to foot the entire legal bill if other co-defendants can’t pay their share of damages to plaintiffs.
Canadian Market (February 01, 2010)
February 1, 2010 by Canadian UnderwriterTHREE SEPARATE WEATHER EVENTS CAUSE A TOTAL OF $637 MILLION IN INSURED DAMAGES: IBC Three separate severe weather events occurring in Alberta and Ontario in 2009 caused insured damages totalling $637 million, according to figures released by the Insurance Bureau…