Hurricane Matthew damage significant, but manageable, for U.S. insurers: A.M. Best
October 18, 2016 by Canadian UnderwriterMost insurance carriers rated by A.M. Best have sufficient capital and appropriate reinsurance programs to effectively absorb Hurricane Matthew losses, notes a new briefing from the rating agency. That being the case, A.M. Best reports it does not anticipate a…
Understanding potential disruptions to risk analysis, cost basis and distribution key to insurers’ strategies: Novarica
September 22, 2016 by Canadian UnderwriterInsurers need to understand potential disruptions to risk analysis and cost basis as well as distribution to effectively manage their strategies, suggested a new report from Boston-based research and advisory firm Novarica. The pace of technological change makes it a…
Uber gives riders a preview of the driverless future
September 14, 2016 Dake Kang - THE ASSOCIATED PRESSPITTSBURGH – Uber riders in Pittsburgh can get a glimpse of the future by summoning a car capable of handling most of the tasks of driving on its own. Starting Wednesday morning, a fleet of self-driving Ford Fusions will pick…
Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2
July 27, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) reported a $127 million impact in its second quarter financial results from the Fort McMurray wildfire, bringing its combined ratio to 99.2% for the quarter, including 8.8. points of Fort McMurray catastrophe losses. “We delivered $114…
Making a Connection
July 15, 2016 Emily Atkins, EditorCommunications and integrity are key for Warren Garrett of RF Moore Claims Services Ltd.
Autonomous vehicle sales to reach 21 million globally by 2035: IHS Automotive
June 7, 2016 by Canadian UnderwriterGlobal autonomous vehicle sales will reach nearly 21 million by 2035, a substantial increase from previous estimates, according to the latest forecast from IHS Automotive. Released on Tuesday, the forecast is a major increase from previous estimates and is influenced…
Timing of economic rebound from Alberta wildfire hard to forecast: Poloz
June 6, 2016 Andy Blatchford - THE CANADIAN PRESSOTTAWA – Bank of Canada governor Stephen Poloz says it’s hard to predict when the Canadian economy will rebound from the huge Alberta wildfire that destroyed communities and forced the shut down of crucial oil operations. For Poloz, part of…
Enforceable variable speed limit signs aimed at reducing weather-related crashes “go live” in British Columbia
June 3, 2016 by Canadian UnderwriterVariable speed signs are now active in three locations throughout the province of British Columbia as part of a project to help reduce the frequency and severity of weather-related crashes. B.C. Minister of Transportation and Infrastructure Todd Stone said on…
Dash Cam Evidence
May 18, 2016 John Seyler, President, Integrated Insurance Resources Inc.; and Mike Furyk, student-at-law, Blouin Dunn LLPOnboard cameras can minimize fraud, encourage early settlements and save insurance companies costs
Are You Keeping Up?
May 17, 2016 Emily Atkins, EditorThe pace of change facing the independent adjuster, along with the entire P&C insurance industry, is blistering. And the risks of not keeping abreast of new developments are high, for small and large firms alike. So where’s an adjuster to turn for advice and education in the brave new world? Turns out there are options; you just have to find the time.
ICBC warns drivers to watch motorcyclists ‘for clues’
May 13, 2016 by Canadian UnderwriterBritish Columbia’s government-run auto insurer is reminding motorcycle riders to ensure their helmets display proper labels and warning vehicle operators that motorcycle turn signals can be hard to see. If a motorcycle rider “shoulder checks or the motorcycle leans, the…
Analyzing new sources of data can help insurers create direct link with customers: speaker
May 13, 2016 by Angela StelmakowichInsurers that collect and analyze new data sources – including from sensors – could create direct links with customers, without the need for intermediaries, and promote enhanced personalization, Steve LaValle, a principal at Ernst & Young (EY), suggested during an…