Industry
Insurance Bureau of Canada (IBC) is calling on Canadian governments to review critical infrastructure to ensure the country is better able to deal with severe weather events in the future. IBC president and CEO Mark Yakabuski has called on all governments to work together to: • reinforce/improve infrastructure; • strengthen building codes and build in […]
January 31, 2008
1 min read
Keal Technology and Applied Systems forge a deal designed to help the industry as a whole, giving brokers the power to communicate data to multiple carriers
By David Gambrill | January 31, 2008
6 min read
Opinion/Analysis: They might be boring, they might not be sexy, but XML standards for data communication might just transform the way brokers do business with insurance carriers
By Steve Kaukinen, President, Centre For The Study Of Insurance Operations (CSIO) | January 31, 2008
4 min read
Now that online quoting is a reality, the next phase in the development of broker technology is to give brokers the ability to generate new contacts through online business
By Maxime Poulin, Sales Representative, Trainer, Compu-Quote Inc. | January 31, 2008
5 min read
Independent adjusters are wondering if there is a way for them to sign on to Ontario's new Health Claims for Auto Insurance (HCAI) system without requiring multiple sign-ons
By Laura Kupcis | January 31, 2008
Insurers need to work with governments to ensure policyholders are protected from increasing water damage
By Katherine Bardswick, President And CEO, The Co-Operators General Insurance Company | January 31, 2008
2 min read
Berkshire Hathaway has taken a 3% stake in Swiss Re. The agreement included a proportional reinsurance contract, in which the US-based company will assume a 20% share of all Swiss Re’s P&C business for the next five years, according to Swiss Re’s online newsletter. “This reinsurance arrangement is further evidence of our commitment to actively […]
By Canadian Underwriter | January 31, 2008
The Ontario Superior Court ruled the City of Brantford was not liable for damages after two youths shattered the plate glass of the Brantford Civic Centre while engaging in horseplay.In Mott v. Brantford (City), the plaintiff, Bobby Joe Mott, had taken a break from skateboarding at a skateboard park on the premises and approached the […]
A.M. Best Co. has upgraded the financial strength rating to A+ (superior) from A (excellent) for Munich Re America Corporation Group and its member companies. The rating upgrade reflects “the significant level of support provided by MRAC’s ultimate parent, Munich Reinsurance Company, as well as MRAC’s enhanced returns, substantial improvement in risk-adjusted capitalization and continued […]
An insured should not be able to seek coverage for punitive damages under their automobile policy, as the damage is intended to punish a wrongdoer, not compensate an injured person, Stephen G. Ross, of Rogers Partners LLP, told delegates at the Ontario Insurance Adjusters Association (OIAA)’s 2008 conference in Toronto.He stressed that to cover an […]
By Canadian Underwriter | January 30, 2008
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