There is a growing sense that data analytics will become a key source of competitive advantage in many areas. Will we see a division between the haves and have-nots when it comes to segmentation, risk and profitability?
ING Insurance and ING Novex are reimbursing approximately 51,000 policyholders as a result of an error that prevented some of its Ontario customers from receiving their Claims Free Renewal (CFR) discount to which they were entitled.The company rewards the discount…
Sound underwriting has the edge on computer models when it comes to providing sensible insurance coverage for natural catastrophes
Fairfax Financial Holdings Limited has restated audited financial statements in 2005 and parts of 2006 to correct a U.S. GAAP accounting error.Also, it announced the acquisition of additional shares in Torstar Corporation, the parent company of the Toronto Star.Fairfax is…
Almost half of corporate Canada has faced disasters such as a power outage or IT failure, and yet 75% of 520 surveyed companies are relying on an “unofficial” business continuity plan, according to a recent report conducted by Leger Marketing…
Edmonton, Alberta’s Superintendent of Insurance has issued a CD$15,000 penalty to Coseco General Insurance Company for failing to charge approved premiums for compulsory auto insurance, a violation of the Insurance Act.Administrative error resulted in some drivers being charged higher auto…
Edmonton’s Superintendent of Insurance recently issued a CD$45,000 penalty to State Farm Mutual Automobile Insurance Company, according to a release from the government of Alberta. The penalty represents a violation of The “Insurance Act,” stemming from the auto insurers failure…
Almost half of corporate Canada has faced disasters including power outage or IT failure but almost 75% rely on an “unofficial” business continuity plan, according to a recent report conducted by Leger Marketing for hosted services company Fusepoint Managed Services.The…
Using state-of-the-art technology to manage your trucking liability
Risk managers face a conundrum in which they can’t accurately quantify risks that haven’t happened yet, but can’t convince companies to buy insurance cover unless the risk is quantified.
The University of Calgary is conducting a cell phone and driving study with youth between 16 and 25 years old who have obtained their probationary driver’s license within the last year.The goal of the Driver Distraction Study, sponsored by the…
A new six-month pilot with the goal to increase safety on Alberta highways recently commenced. The project, which aims to quell the growing concern of traffic safety, involves Provincial Protection Officers (PPOs) from Alberta Solicitor General and Public Security working…