Segment
Brokers
What’s in a Name?
March 23, 2010 by Canadian UnderwriterReacting to “numerous questions” related to the proper identification of agents, brokers and business names on insurance licenses, the Insurance Council of Manitoba (ICM) published some points by which all agents/brokers must abide.In its ICM Council Report 2009, the council’s…
RIBO to release best practices to aid brokers with auto reforms
March 18, 2010 by Canadian UnderwriterThe Registered Insurance Brokers of Ontario (RIBO), a self-regulating body for the province’s brokers, will be preparing best practices for its membership to help brokers understand their obligations toward clients with respect to the auto reforms.In its spring bulletin, RIBO…
MSA Research teams up with ISO to launch Canadian industry-wide loss data service
March 16, 2010 by Canadian UnderwriterISO has teamed up with MSA Research Inc. to launch Property Claims Services (PCS), an industry-wide loss calculator, in Canada.PCS-Canada service will enable insurers, reinsurers, brokers and other industry stakeholders, to receive industry-wide data about Canadian catastrophes, including man-made and…
SGI Canada and Policy Works partner-up
March 15, 2010 by Canadian UnderwriterPolicy Works has entered into an agreement with SGI Canada to deliver a commercial lines data exchange solution. The agreement integrates Policy Works’ commercial management system (CMS) and SGI’s underwriting system. The integration between SGI’s underwriting system and the Policy…
Brokers’ business results affected by changes in distribution: Keal
March 15, 2010 by Canadian UnderwriterSixty-seven per cent of brokers said that changes in distribution have affected their business results, according to a Keal Technology survey.Keal surveyed its broker-user base on issues that included carrier relations, changes in distribution and technology.The top four reasons cited…
Toronto-based brokerage insured two historic gold medal winners
March 12, 2010 by Canadian UnderwriterJones Brown Insurance Brokers and Consultants made history during the 2010 Olympic Games when it insured two Canadian gold medal winners.Alexandre Bilodeau won gold in the men’s moguls competition, becoming the first Canadian to win a gold Olympic medal on…
What’s New: In Brief (March 11, 2010)
March 11, 2010 by Canadian UnderwriterA 48-year-old Sault Ste Marie resident has been charged with five courts of fraud and five counts of theft after allegedly misappropriating client’s funds as an insurance agent. As of press time the allegations have not been proven in a…
Quebec broker association launches television marketing campaign
March 11, 2010 by Canadian UnderwriterThe Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) has launched its most aggressive media campaign promoting the independent broker channel in that province.The association has invested $750,000 to create and air four 30-second television ads on the networks…
What’s New: In Brief (March 10, 2010)
March 10, 2010 by Canadian UnderwriterNearly 300 immobilizer-equipped vehicles in Manitoba were stolen last year because the keys were either left in the ignition or elsewhere in the passenger compartment, Manitoba Public Insurance reported.The immobilized vehicles were stolen after owners had left their keys in…
Federal Budget allows credit unions to grow, compete federally
March 5, 2010 by Canadian UnderwriterCanada’s federal budget would allow credit unions to become national, thus allowing them to grow and compete with banks — but will it also allow them to compete with insurers?In its budget documents, the Department of Finance Canada says it…
What’s New: In Brief (March 05, 2010)
March 5, 2010 by Canadian UnderwriterAmerican International Group Inc. (AIG) is planning to sell the rest of its 9.1-million remaining shares in Transatlantic Holdings Inc. (TRH).American Home Assurance Company (AHAC), an AIG subsidiary, currently holds the TRH stock.AHAC’s current ownership in TRH represents approximately 13.8%…
What’s New: In Brief (March 03, 2010)
March 3, 2010 by Canadian UnderwriterCrawford & Company (NYSE: CRDA; CRDB) is mobilizing its staff of in-country, regional and Global Technical Services (GTS) adjusters to handle the losses resulting from the Feb. 27 earthquake in Chile.“Crawford’s offices in Chile are being supported by our professionals…