Segment
Brokers
OSFI release final earthquake exposure guideline
March 31, 2013 byThe Office of the Superintendent of Financial Institutions (OSFI) released the final revised version of its Earthquake Exposure Sound Practices (Guidelines B-9) in late February, following public consultations that began last August. The revised guideline comes from a working group…
Auto collision repair costs to increase: report
March 31, 2013 bySoftware maker Mitchell International Inc. recently released predictions for the property and casualty insurance and automotive repair industries, forecasting lower prices for recycled parts, an overall increase in the cost to repair damaged vehicles and an increased demand for cloud…
More severe storms predicted for 2013
March 31, 2013 byForecast services company ImpactWeather has released a prediction for this year’s hurricane season, suggesting that 2013 will have a series of storms more severe than last year. Based on “averages of past seasons, ocean temperature trends, and the absence of…
FSCO nears halfway point of mediation backlog pilot
March 31, 2013 byThe Financial Services Commission of Ontario (FSCO) is reaching the midway point of a six-month pilot aimed at streamlining part of its mediation process and saving mediators’ time. Effective Jan. 2, the pilot program allows the parties involved in mediation…
Start Up
March 31, 2013 Craig HarrisBrampton, Ontario’s Dara Banga caught the entrepreneurial bug and launched his own adjusting firm, DSB Claims Solutions, just over a year ago. His main weapon? A singular focus on quality and customer satisfaction.
Applied Systems announces rebranding
March 25, 2013 by Canadian UnderwriterInsurance industry technology provider Applied Systems has undergone a branding change, reflecting its recent expansion and an upcoming acquisition for the 30-year old company. The branding change, which includes a new logo, comes after the company has seen fast growth…
Tredd Group announces merger in Calgary
March 22, 2013 by Canadian UnderwriterThe Tredd Group of Companies has negotiated a merger with The BKI Group of Companies, Brian Kane Insurance Agencies Ltd. and BKI Financial Strategies Ltd. in Calgary, Alberta, effective March 20. The move will help Tredd, an independent brokerage, strengthen its…
FSCO warns of unlicensed woman acting as a broker and auto insurance scam in Ontario
March 20, 2013 by Canadian UnderwriterThe Financial Services Commission of Ontario (FSCO) has posted a warning to consumers that Antoinette Gail Freeman is not licensed to do insurance business in the province, as well as a notice of an auto insurance-related scam. FSCO says…
Economical to begin pilot implementation of eDoc XML standard with select brokers
March 15, 2013 by Canadian UnderwriterEconomical Insurance has announced that on March 25 it will begin a pilot implementation of the Centre for Study of Insurance Operations (CSIO) eDoc XML standard with select brokers. Brokers that use Economical’s broker management systems (BMS) The Agency Manager,…
Insurers, brokers struggle with connectivity issues despite technology advancements
March 8, 2013 by Canadian UnderwriterBoston consulting firm Strategy Meets Action released this week the results of a recent survey of property and casualty insurance firms, suggesting that despite technologies linking the computer systems of brokers and agents with those of carriers, many workers are…
Intact remains full partner in IBAC’s Broker Identity Program
March 7, 2013 by Canadian UnderwriterThe Insurance Brokers Association of Canada (IBAC) has announced that Intact Insurance has maintained its support of the Broker Identity Program (BIP) at the Full Partner level, IBAC’s branding program aimed at conveying the value of the broker channel. The…
Portage La Prairie Mutual Insurance remains full partner in IBAC’s Broker Identity Program
March 4, 2013 by Canadian UnderwriterThe Insurance Brokers Association of Canada (IBAC) has announced that Portage La Prairie Mutual Insurance has maintained its support of the Broker Identity Program at the Full Partner level. Launched 24 years ago, Broker Identity Program a branding campaign for…