Rescued by Spread of Risk
August 1, 2005 Frank H. Cain, Michael Palermo & Associates Insurance Ltd.At a time when chrome bumpers and flimsy seatbelts characterized cars, which lacked safety features such as air bags, it was the crash test dummy that taught auto safety repercussions 101. The lesson of the “Fatal Seven-Tenths” – what happens immediately before a car moving 55 miles/hour slams into a tree – resulted. Today, modern technology strives to control the potential risk of serious injury or death from auto accidents. However, are they able to stay at the head of their class and predict the answers of auto accidents?
Views (August 01, 2005)
August 1, 2005 by Canadian UnderwriterInsurance Industry ‘Competes For A Cure’ at WICC Ontario 6th Annual Golf Tournament The Women in Insurance Cancer Crusade (WICC) Ontario Chapter teed up for its 6th Annual golf tournament at Angus Glen Golf Club in July, to raise funds…
Bad weather increases risk of auto injury
August 1, 2005 by Canadian UnderwriterBad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR). Presented by Jean Andrey, associate dean of geography…
Drivers believe car insurance myths
July 26, 2005 by Canadian UnderwriterA recent online survey of 1,000 drivers finds the majority of drivers believe common car insurance myths to be true, according to U.S.-based insurer Drive Insurance from Progressive. The survey found myths drivers believe include: * 25% drivers believe insurers…
Truckers driving hours investigated in RCMP officers death
July 8, 2005 by Canadian UnderwriterThe recent accident which left an RCMP officer dead after a truck driver hit his parked cruiser; has raised concerns regarding the amount of time truckers are behind the wheel and the number of trips they take without hiatus. Preliminary…
Views (July 01, 2005)
July 1, 2005 by Canadian UnderwriterClose to 240 clients and senior staff of Swiss Re Canada gathered for the company’s 20th Annual Monte Carlo Gala for Charity, enjoying an evening of dinner, entertainment, games of chance and prizes. The recipient of this year’s receipts was…
Bad weather conditions increase auto injury risk by 70%
June 30, 2005 by Canadian UnderwriterBad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR).Presented by Jean Andrey, associate dean of geography at…
What’s New: In brief (June 23, 2005)
June 23, 2005 by Canadian UnderwriterMotor vehicle collisions were responsible for more than half of the alcohol-related severe trauma hospitalizations in Canada in 2002-2003, representing a 9% increase over three years, according to statistics recently released by the Canadian Institute for Health Information (CIHI). Over…
What’s New: In brief (June 22, 2005)
June 22, 2005 by Canadian UnderwriterMarkel Insurance Co. of Canada recently introduced a new program to provide legal aid to Canadian truckers violating U.S. hours of service rules and other transport laws.The program Market LEGALink consists of a database of trucking-savvy U.S. attorneys who are…
What’s New: In brief (June 21, 2005)
June 21, 2005 by Canadian UnderwriterOn June 16, 2005, the newly formed company Assured Automotive representing the recent merger between Imperial Collision Centres and Oaktown Collision Centres held a charity boat cruise to raise money for Erinoak a charitable organization that aids children with physical…
What’s New: In brief (June 08, 2005)
June 8, 2005 by Canadian UnderwriterThe Spencer Educational Foundation Inc. recently established a memorial scholarship fund in honour of Thomas M. Regan, a former RIMS chapter president, who was killed on September 11, 2001, in the World Trade Centre attacks. The New York Chapter of…
Taking Collisions “High Tech”
June 1, 2005 Steve Sanderson, president of Accident Support ServicesWho would have guessed 10 years ago that collision reporting centers (CRCs) – now totaling 15 across Ontario – would become the leaders in post collision customer care? When I recently met with Al Cafik, president of the Canadian Insurance…