Segment
Brokers
Even if purchasing insurance online, consumers expect personal contact throughout the policy lifecycle
February 29, 2012 by Canadian UnderwriterCanadian consumers are increasingly exploring their property and casualty options online, but they still demand direct personal contact throughout the policy lifecycle and at renewal, an Ernst & Young report found. Ernst & Young surveyed more than 24,000 insurance consumers…
Alberta brokerages merge under the Alpine Insurance & Financial banner
February 22, 2012 by Canadian UnderwriterWestland Insurance (AB) Inc. and Alpine Insurance & Financial Inc. have merged and will operate under the Alpine name. Alpine has five offices, located in Canmore, Lethbridge, Red Deer, Edmonton and Calgary. Westland’s office in Calgary will become the new…
IBAO announces 2012 dates for ‘Beyond Best in Class’
February 22, 2012 by Canadian UnderwriterInsurance Brokers Association of Ontario (IBAO) has announced its 2012 dates for its five-part development program, Beyond Best in Class (BBiC). The 2012 offering will be limited to 40 brokerages. Each offering will have geographical restrictions in place so competing…
IBAO revamps its vision and mission statements
February 16, 2012 by Canadian UnderwriterThe Insurance Brokers Association of Ontario (IBAO) is unveiling its new vision and mission statements. IBAO’s board of directors developed the statements as part of their 2012-2014 Strategic Plan. The new IBAO vision statement is as follows: “IBAO is the…
The Economical continues roll-out of web-based underwriting system
February 14, 2012 by Canadian UnderwriterThe Economical Insurance Group completed the rollout in Quebec of its web-based underwriting system, Energie Auto. “We are leading the Canadian general insurance industry in moving away from legacy systems to a web-based solution,” said Steve Livingstone, Economical’s vice president…
D&O market finally starting to harden: A.M. Best
February 13, 2012 by Canadian UnderwriterFor the first time in years, the D&O market is showing sure signs of hardening, A.M. Best reported. Reporting from the Professional Liability Underwriting Society (PLUS)’s Symposium in New York, BestWeek’s Meg Green interviewed Eric Anderson, chief executive officer of…
Crawford & Company (Canada) Inc. has appointed COO
February 13, 2012 by Canadian UnderwriterPat Van Bakel has been appointed chief operating officer at Crawford & Company (Canada) Inc., effective March 1. Van Bakel has been with the company for more than 20 years, having most recently served as senior vice president, operations, insurer…
XL Group launches coverage for contractors
February 13, 2012 by Canadian UnderwriterThe marine insurance unit of XL Group has launched Contractor’s Equipment Coverage Solutions. The portfolio of coverages is designed to protect general building, infrastructure and specialty contractors’ equipment. The coverage has a few exclusions and is extremely versatile with adjustable…
Winmar opens a location in Yorkton
February 13, 2012 by Canadian UnderwriterWinmar Franchise Corp. is pleased to announce the opening of its newest location in Yorkton, Sask. The location is owned by Doug Maes and Jason Thibodeau. Maes has been successfully operating Winmar Moose Jaw for the past two years. The…
Touring sports team could face large costs if proper coverage isn’t obtained
February 13, 2012 by Canadian UnderwriterLosing an international game on a team tour is not the only risk players face, according to Lloyd’s. A touring team requires insurance for medical expenses (including emergency assistance) cancellation and delay, personal liability and baggage, the company notes in…
Price more important than safety, B.C. car buyers say
February 10, 2012 by Canadian UnderwriterPrice trumps safety, according to B.C. car buyers surveyed in an Ipsos Reid poll.Only 32% of car buyers in British Columbia listed “safety” as one of their top three considerations when purchasing a vehicle, according to an Ipsos Reid survey…
B.C. broker ordered to pay fine for providing a false insurance document as a favour to a friend
February 7, 2012 by Canadian UnderwriterThe B.C. Insurance Council has ordered a B.C. broker to pay a fine and legal costs totaling more than $3,000 after finding the broker arranged to create a false insurance cover letter as a favour to his friend, the broker’s…