Claims
DETROIT – Suzuki is recalling more than 184,000 small cars in the U.S. because the steering columns can catch fire. The recall covers Forenza models from 2004 through 2008 and Reno models from 2005 through 2008. Both vehicles were made for Suzuki by General Motors. The Japanese automaker says the headlamp switch or daytime running […]
By Canadian Underwriter | May 23, 2014
1 min read
The probable picture of climate change for Europe is too much water in the north and not enough in the south, making it clear that no risk manager can be unaware of the issues of climate change, suggests a statement issued Friday by the Federation of European Risk Management Associations (FERMA). “Climate change will bring […]
2 min read
DETROIT – Toyota is recalling 430,500 vehicles for three separate safety problems, including 82,381 Sienna minivans in Canada that face potential problems caused by salt used by road crews to melt snow or ice in some areas. The company said Thursday that the road salt can corrode the spare tire carrier under the vehicle and […]
Thousands of motorists were ticketed in April as part of the Saskatchewan-wide traffic safety spotlight focusing on speeding in work zones, and aggressive driving in general. Law enforcement issued a total of 3,769 tickets related to excessive speed or aggressive driving during April, notes a statement issued Thursday by Saskatchewan Government Insurance (SGI), the province’s […]
By Canadian Underwriter | May 22, 2014
3 min read
Royal Bank of Canada released Thursday its financial results for the three months ending April 30, reporting its insurance segment had net earned premiums of $926 million, up 3.6% from $894 million in the three months ending April 30, 2013. RBC’s insurance offerings in Canada include home, auto, travel, life and group benefits. RBC’s international […]
Ontario NDP Leader Andrea Horwath launched her party’s platform Thursday, saying her government would deliver a 15% reduction for auto insurance rates in its first year. “A year after the Liberals agreed to a 15% reduction, few Ontario drivers have seen any cost decrease at all,” the platform says. “We will make reductions effective immediately […]
NEW YORK – U.S. federal forecasters are expected to predict a slower than usual hurricane season this year. Experts from the National Oceanic and Atmospheric Administration will gather in New York on Thursday to release the agency’s outlook for the six-month storm season that officially begins June 1. Colorado State University researchers have forecast nine […]
The National Insurance Crime Bureau in the United States, along with the Los Angeles Police Department, has produced several new videos to show the most common methods of staging vehicle accidents used to defraud insurance companies. “These staged accidents are not only illegal and costly, but they also present a real danger to innocent drivers […]
The United States property and casualty insurance industry recorded an underwriting profit in 2013 for the first time since 2007, while inland marine premiums in 2013 were up 9.4% over 2012 and catastrophe losses during the fourth quarter of 2013 were “way below average for the period from 1995-2013,” with 86% originating from one series […]
By Canadian Underwriter | May 21, 2014
SAN JOSE, Calif. – E-commerce site eBay is asking users to change their password after a cyberattack compromised a database containing encrypted passwords. The company says there is no evidence of any unauthorized activity and no evidence any financial or credit card information was stolen. EBay says its investigation is active and it can’t comment […]
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