Segment
Brokers
ICBC road safety campaign for young drivers to focus on distracted driving
March 13, 2014 by Canadian UnderwriterThe Insurance Corporation of British Columbia (ICBC) has launched a new road safety speaking tour for young drivers, focusing especially on distracted driving, a leading cause of crashes among those between 16 and 21. ICBC launched its road safety speaker…
Consumers want policy info through mobile devices, email but insurers not keeping up
March 12, 2014 by Canadian UnderwriterMore than half of consumers included in a new survey say they want certain insurance policy information available through either email or smartphones, but most insurance providers are behind on delivering useful information through mobile technology. In the global survey…
No new political risk coverage being written in Ukraine: Marsh
March 12, 2014 by Canadian UnderwriterAs Russian troops setup roadblocks and occupy government buildings in Crimea, a major brokerage firm is suggesting that insurance carriers have stopped writing new political risk coverage in Ukraine and clients face “greater underwriting scrutiny” if they want political risk…
Quebec pension manager La Caisse invests $8M in insurance broker, BFL Canada
March 12, 2014 THE CANADIAN PRESSMONTREAL – Quebec pension fund manager La Caisse de depot is investing $8 million in commercial insurance broker, BFL Canada. La Caisse says the long-term funds will help the broker grow its presence, with a focus on acquisitions. “With this…
California must decide by year’s end how to integrate driverless cars onto public roads
March 12, 2014 Justin Pritchard, THE ASSOCIATED PRESSLOS ANGELES – California is trying to do something unusual in this age of rapidly evolving technology – get ahead of a big new development before it goes public. By the end of the year, the Department of Motor Vehicles…
Ontario NDP slams changes to auto insurance attendant care benefits
March 7, 2014 by Canadian UnderwriterNew changes to the standard Ontario auto insurance policy were characterized this week as “mean spirited” by the New Democratic Party’s consumer services critic, though the Insurance Bureau of Canada suggests that one amendment that took effect Feb. 1 did…
Beacon Underwriting acquires Vancouver-based MGA Can-Sure
March 6, 2014 by Canadian UnderwriterBeacon Underwriting, an insurance managing general agency, announced Wednesday that it has acquired the business of Can-Sure Underwriting, Ltd., a Vancouver-based MGA. Terms of the deal were not disclosed. The Can-Sure operations will add a new office to Beacon’s footprint…
Sprint partners with Ontario ‘connected car’ company on usage based insurance
March 5, 2014 by Canadian UnderwriterU.S. telecom giant Sprint announced Wednesday that a usage-based insurance offering through IMS UBI Intelligence, is now available through its insurance solutions portfolio for auto insurance customers. The offering is provided by Intelligent Mechatronic Systems (IMS), a Waterloo, Ont.-based company…
Ontario government plans to move auto insurance dispute resolution system out of FSCO
March 4, 2014 by Canadian UnderwriterThe Ontario government is introducing legislation that would move administration of the current dispute resolution system for auto insurance claims from the Financial Services Commission of Ontario to the Ministry of the Attorney General’s Licence Appeal Tribunal. In an announcement…
Economical plans new national processing centre in Kitchener, Ont.
March 3, 2014 by Canadian UnderwriterEconomical Insurance has announced plans for a new national processing centre in Kitchener, Ont. as part of its new operating model, under which it hopes to make underwriting operations more effiicent and consistent. The new centre, at the insurer’s Riverbend…
Moves and Views
March 1, 2014 by Canadian Underwriter1 Gore Mutual Insurance Company of Cambridge, Ontario recently announced its president and chief executive officer, Kevin McNeil [1a], will retire June 30. Effective February 17, Heidi Sevcik [1b], former vice president of claims, became Gore Mutual’s new chief operating…
Aviva Canada set to move headquarters to Markham, Ontario
February 26, 2014 by Canadian UnderwriterAviva Canada officially announced Wednesday its plan to relocate its head office to The Remington Group’s ‘Downtown Markham’ development in Markham, Ontario. The Remington Group held an Aviva Canada head office groundbreaking event at the Downtown Markham location Wednesday, which…