Segment
Claims
Wildfires, storms hit U.S. and Canada hard in August: Aon Benfield
September 21, 2012 by Canadian UnderwriterThe United States and Canada have had billions of dollars of damages from wildfires, storms and a major hurricane, while South America and Oceania saw no major disasters in August, says an Aon Benfield report. In the company’s Global Catastrophe…
Predictive analytics use among insurers still small, but growing: survey
September 21, 2012 by Canadian UnderwriterInsurers are at least beginning to explore using predictive analytics in their claim operations, but few have actually yet applied it to their businesses, according to recent survey results from Towers Watson. The September 2012 Claim Best Practice Innovations and…
Mini cars and small cars have most frequent personal injury insurance claims in U.S.: report
September 21, 2012 by Canadian UnderwriterThe 2009 to 2011 Toyota Yaris and Suzuki SX4 models were among the cars with the highest frequency of personal injury insurance claims in the United States, according to a new status report. The Insurance Institute for Highway Safety (IIHS)…
Michael Buzzeo appointed new vice president of special risk division at ClaimsPro
September 20, 2012 by Canadian UnderwriterMichael J. Buzzeo has been appointed vice president of ClaimsPro Inc.’s special risk division (SRD), the company announced Sept. 20. An executive general adjuster with ClaimsPro, Buzzeo has a strong network nationally and internationally with brokers, underwriters, and clients, the…
FSCO issues warnings for auto and life insurance scams in Ontario
September 19, 2012 by Canadian UnderwriterThe Financial Services Commission of Ontario issued three insurance scam warnings on Sept. 19. FSCO has warned that Trans Direct Insurance Co. is not licensed to do insurance business in Ontario. It also warned that two individuals, Jermaine Nathaniel Jones…
European firms face risky international business environment: ACE survey
September 14, 2012 by Canadian UnderwriterMore than half of European companies (54%) responding to an insurer survey believe that doing international business has become more risky over the last five years, and 95% say their own company has become more concerned about multinational and export…
New Brunswick announces interim flood mitigation measures for Perth-Andover region
September 14, 2012 by Canadian UnderwriterThe New Brunswick government announced a total of $2.85 million in immediate and interim flood mitigation measures for the Perth-Andover region in the western part of the province. The measures follow the release of a mitigation study and are part…
IBRI releases mobile app for brokers
September 14, 2012 by Canadian UnderwriterThe Independent Broker Resources Inc. (IBRI) has released a smartphone app for brokers, called the Insurance Companion. The app is available for Android, iPhone and Blackberry operating systems and will allow an insurance brokerage to have its own branded mobile…
Insured losses from Hurricane Isaac US$1-2 billion from wind and surge: RMS estimate
September 13, 2012 by Canadian UnderwriterRisk Management Solutions (RMS) estimates that U.S. insured losses from Hurricane Isaac’s wind and surge impacts on the U.S. Gulf Coast will be between US$1 billion and US$2 billion. Those figures exclude rainfall-driven flood losses and all National Flood Insurance…
Drugs or alcohol a factor in majority of fatal car accidents: U.S. study
September 13, 2012 by Canadian UnderwriterJust over half of U.S. drivers killed in automobile accidents had drugs or alcohol in their systems at the time of the crash, according to a new study from Columbia University. Alcohol was the most common substance detected, followed by…
New collision reporting centre opens in Alberta
September 13, 2012 by Canadian UnderwriterThe Lethbridge Regional Police Service (LRPS), in partnership with Accident Support Services International, has opened a new Collision Reporting Centre. The centre is the first of its kind in Alberta, according to a statement from LRPS. It will allow police…
Verisk Analytics launches information-sharing systems in Canada to fight cargo and heavy equipment theft
September 12, 2012 by Canadian UnderwriterVerisk Crime Analytics has launched two new national information-sharing systems for Canadian insurers and policyholders to fight cargo and heavy equipment theft. The CargoNet and National Equipment Register (NER) are already supported by several Canadian insurers and fleets, and law…