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Dalton Timmis Group Inc. is adding an office in Edmonton to accommodate the rapid growth in the region and to expand the brokerage’s presence in Alberta. Already with an office in Calgary, the Edmonton location will also offer a full range of personnel and commercial insurance from home to auto, lifestyle and business insurance while […]
By Canadian Underwriter | July 26, 2016
2 min read
Gore Mutual Insurance Company announced Tuesday a new mutual membership system for clients who have held personal property policies for 10 years or more. Cambridge, Ont.-based Gore Mutual also said Tuesday it has developed a “brand refresh.” In a press release, Gore Mutual said its new membership system “adopts transparent and objective criteria to recognize […]
By Canadian Underwriter | July 5, 2016
Dozens of families were still unable to go home Monday as investigators worked to determine what caused an explosion west of Toronto that killed two people and injured nine others last week. Firefighters said 69 families – including 32 living in a low-rise apartment building – remained displaced nearly a week after the blast that […]
By Greg Meckbach | July 5, 2016
A motion by two Toronto city politicians, to ask the Ontario government to order an early shutdown of the Pickering Nuclear Generating Station, was recently deferred by the city’s executive committee meeting. The Pickering plant is less than 10 kilometres east of the Toronto city limits. Ontario’s ruling Liberals previously said they have approved a […]
By Canadian Underwriter | July 4, 2016
3 min read
The number of homeowners insurance claims from lightning strikes in the United States fell in 2015, but the total insurers paid on those claims rose by nearly 7% from 2014, according to a new analysis by the Insurance Information Institute (I.I.I.). I.I.I. said in a statement on Tuesday that US$790 million in lightning claims was […]
By Canadian Underwriter | June 22, 2016
The United States property and casualty industry’s reserve releases and overall loss reserve position are diminishing, but reserves still show some redundancy, according to a new study by Conning, Inc. “The property-casualty industry’s reserve adequacy remains stable in spite of additional reserve releases during 2015,” said Robert Farnam, vice president of insurance research at Hartford, […]
By Canadian Underwriter | May 19, 2016
Results of a national poll issued Thursday indicate that 69% of surveyed Canadians believe that home security systems add value to their homes. Despite that belief, though, almost 40% of respondents were unaware that having a home security system reduces insurance rates, AlarmForce Industries notes in a statement detailing results of its Spring Home Security […]
By Angela Stelmakowich | May 19, 2016
Munich Re reported Tuesday a 3.9-point improvement in its combined ratio in property and casualty reinsurance, as the Munich-based insurer released about 250 million euros in reserves during the first three months of this year. The combined ratio in reinsurance was 88.4% in the three months ending March 31, down 3.9 points from 92.3% during […]
By Canadian Underwriter | May 11, 2016
The Insurance Corporation of British Columbia’s (ICBC) partnership in road improvement projects has led to a 24% reduction, on average, in severe crashes – those resulting in serious injuries and fatalities – and a 15% reduction in property damage only (PDO) claims after an improvement is completed, according to a recent evaluation report. The 2015 […]
By Canadian Underwriter | April 20, 2016
ISO announced on Monday that it is preparing for the “potential rise and fall of commercial drones” with new inland marine insurance forms to help protect businesses from the costs of such potential crashes, including damage to the drones, their equipment and their cargo. The new forms from ISO, a Verisk Analytics business, provide insurers […]
By Canadian Underwriter | March 28, 2016
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