Segment
Risk Management
Lombard commercial brokers can now obtain client data remotely through Keal’s comXP and Apple’s mobile devices
January 5, 2011 by Canadian UnderwriterLombard Canada Ltd.’s commercial brokers are now able to access client data and policy declaration pages remotely through Keal’s commercial management system (CMS), comXP.Using Lombard Canada’s Commercial LINCQ, brokers can download Lombard’s Business Choice renewal policy directly into Keal’s CMS.The…
Cunningham Lindsey acquires major U.S. commercial adjusting firm
January 4, 2011 by Canadian UnderwriterCunningham Lindsey has acquired the U.S. loss adjusting business of GAB Robins North America Inc.As a result of the acquisition, Cunningham Lindsey’s U.S. operations will expand by more than 380 people and 100 office locations, bringing its total U.S. presence…
Colin Simpson resigns from Kingsways’ board of directors
January 4, 2011 by Canadian UnderwriterColin Simpson has stepped down from Kingsway Financial Services Inc.’s board of directors.Simpson was the company’s former president and CEO. He resigned in April 2010 and was replaced by Larry Swets. Simpson remained on the board of directors. “We are…
Moves & Views (January 01, 2011)
January 1, 2011 by Canadian Underwriter1 McLarens Canada has acquired Upper Canada Adjusters Inc. Upper Canada Adjusters Inc. was established in 1995 and has a broad client base ranging from commercial insurers to self-insured corporate clients. Specializing in the high-end property and commercial liability market,…
TIC’s 55th Annual Black Tie Dinner
January 1, 2011 by Canadian UnderwriterThe 55th Annual Black Tie Dinner of the Toronto Insurance Conference (TIC) was held at the Four Seasons Hotel in Toronto on Nov. 11. Award-winning golf writer Lorne Rubenstein, a columnist for the Globe and Mail, provided a keynote address.…
Lloyd’s releases 360 Insight Report on Earthquake Damage
January 1, 2011 by Canadian UnderwriterLloyd’s hosted an event at the Art Gallery of Ontario in Toronto on Nov. 30, 2010, marking the release of its 360 Risk Insight Report: Reducing the risk of earthquake damage in Canada – Lessons from Haiti & Chile. Lloyd’s…
MarketPlace (January 01, 2011)
January 1, 2011 by Canadian UnderwriterCanadian Market Proposed changes to capital test would decrease P&C insurers’ MCT scores by 14% Proposed changes to the 2012 Minimum Capital Test (MCT) would decrease federally regulated Canadian property and casualty insurers’ aggregate MCT ratio by 14%, to 212.6%,…
Paul Davis Systems Open House
January 1, 2011 by Canadian UnderwriterPaul Davis Systems Burlington location held a Holiday Open House on Nov. 4. Guests were able to take a tour of the new location, where they learned about different cleaning and drying techniques, among other restoration practices. Burlington Mayor Cam…
Duty to Report
January 1, 2011 David McEwan, Q.C., and Fritz Gaerdes, Alexander Holburn Beaudin & Lang LLPA broker owes a duty of care to let a client know about negotiations concerning policy endorsements/exclusions, but a plaintiff that benefits from the negotiations will not be able to recover damages in court in the event the broker did not keep the plaintiff in the loop, a B.C. court has found.
Necessity Breeds Innovation
January 1, 2011 David Gambrill, EditorInsurers are working with their claims-handling partners to find new ways to reduce the $18 billion in claims costs Canadian property and casualty insurers paid out as of 2010 Q3. Innovation comes in various forms, including billing arrangements, more efficient business or best practices, reducing administrative costs and even changing the nature of the insurer-vendor partnerships themselves.
Catastrophic Stair Falls
January 1, 2011 Richard Nellis and Bailey Gutkin, Kleinfeldt Consultants LimitedCareful investigation of stair falls is an important first step to reducing the risk of injuries in the future.
Ontario’s top court resolves issue of “trust” between broker and insurer
December 22, 2010 by Canadian UnderwriterThe Ontario Court of Appeal has ruled an insurance broker must pay back $75,510 it had unilaterally collected to renew expiring insurance policies, noting the broker had changed the insurer upon renewal and had paid the new insurer one month’s…