Industry
Consumers in the United States are more motivated by a smartphone app that scores their driving than they are in premium discounts when considering enrolling in a usage-based insurance (UBI) program, according to LexisNexis Risk Solutions, a provider of data, analytics and technology. According to results for the consumer market from the fourth annual 2015 […]
By Canadian Underwriter | September 1, 2015
3 min read
The majority of small business owners in the United States are not even aware than many insurers provide commercial insurance, according to the J.D. Power 2015 U.S. Small Business Commercial Insurance Study released on Monday. The study, now in its third year, examined overall customer satisfaction and insurance shopping and purchasing behavior among small business […]
The Ontario government plans to implement a regulation on testing autonomous vehicles, though initially they will require drivers to intervene if necessary, a manager for the province’s transportation ministry said Monday. In 2014, Ontario Premier Kathleen Wynne released a mandate letter, to the transportation minister, “to permit a regulatory framework to permit testing of autonomous […]
By Canadian Underwriter | August 31, 2015
The Insurance Corporation of British Columbia (ICBC) said on Monday that it will start the process of filing its basic insurance rate application with the British Columbia Utilities Commission (BCUC), but will take a further two months to analyze emerging external pressures on basic insurance rates before submitting the remainder of its application. The ICBC […]
A survey of more than 1,000 employers south of the border shows a gap between what they want and what insurance brokers or consultants are providing has emerged as a distinct trend, reports Zywave, Inc. The divide relates to, among other things, what employers are looking for to become more educated insurance buyers and to […]
4 min read
North Waterloo Farmers Mutual Insurance Company (NWFM) and Oxford Mutual Insurance Company announced on Friday that their mutual policyholders have voted overwhelmingly to approve the amalgamation of the two companies to create Heartland Farm Mutual Insurance Inc. At separate meetings on Thursday, “well over the required two-thirds of the voting mutual policyholders of both companies […]
By Canadian Underwriter | August 28, 2015
New research out of Australia suggests that nixing state and territory taxes on insurance would encourage property owners and renters to take out more insurance, thereby protecting AU$36 billion more in home and contents assets. Based on the research – Analysis of Demand for Home and Contents Insurance, undertaken by Dr. Richard Tooth of Sapere […]
2 min read
The Calgary-based William H. McGannon Foundation announced on Thursday that founding father Bill McGannon passed away peacefully on Aug. 26 at the age of 79 from idiopathic pulmonary fibrosis. “Bill left behind a legacy for all of us to follow,” William H. McGannon Foundation president Joe Restoule said in an email. “We were blessed to […]
By Canadian Underwriter | August 27, 2015
The Ontario government should “engage the industry” in order to address insurance coverage gaps in the “sharing economy,” which includes Uber, Airbnb, crowdfunding websites, peer-to-peer shipping services and tool libraries, the Ontario Chamber of Commerce said in a report announced Tuesday. In association with PriceWaterhouseCoopers (PwC) Canada, the Ontario Chamber of Commerce published Harnessing the […]
By Canadian Underwriter | August 26, 2015
Energi of Canada Ltd. has launched a property and casualty program for energy construction that seeks to provide contractors in a number of related segments with risk management solutions and insurance coverage. The new program will first be offered in Ontario, and will expand to other provinces in the coming months, notes a statement Tuesday […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
