Industry
Allstate Insurance Company has launched a distracted driving campaign in the United States geared at reducing the number of related deaths and injuries, as well as to encourage individuals to change dangerous behaviour at the wheel. Allstate last week launched the third annual national tour, which features its Reality Rides distracted driving simulator. The real, […]
By Canadian Underwriter | April 13, 2015
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TORONTO – Twenty-nine poultry farms in Ontario were under quarantine on Sunday after the Canadian Food Inspection Agency established an avian influenza control zone in the wake of the disease being found on a turkey farm in the province earlier this month. The agency had said last week that H5 avian influenza was found on […]
A bill currently before the Ontario legislature has “the potential to add to Ontario farmers’ options to manage risk and losses due to weather, pests, and disease,” an articling student for Miller Thomson LLP wrote this week in an article on the Lexology website. On March 11, Ontario MPPs voted to send Bill 40, the […]
By Canadian Underwriter | April 10, 2015
The Co-operators Group Limited announced on Friday that it has acquired the Premier group of companies. Premier’s management team, including CEO Troy Moreira, will remain in place and the company will operate as an independent entity as part of The Co-operators group of companies, The Co-operators said in a statement. “We are committed to preserving […]
2 min read
Quebec-based La Capitale Civil Service Mutual announced on Thursday that it has achieved a consolidated net profit of $73.1 million, amid a business environment characterized by persistent low interest rates and market volatility. A statement from the company said that this profit was an increase of 12.1%, one of its best results in the past […]
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The National Highway Traffic Safety Administration (NHTSA) in the United States issued on Thursday a safety advisory and consumer video encouraging owners of model year 2007 and older trucks, SUVs and passenger cars to inspect brake lines and thoroughly wash the underside of their vehicles. The advisory noted that the washing could remove corrosive salt […]
IT research and consulting firm Celent estimates that total insurance IT spending across North America, Europe, Latin America, and Asia-Pacific will grow to US$174.9 billion in 2015, with continued growth to US$189.2 in 2017. This upward shift is above last year’s estimates and is the result of increased IT budgets from chief information officers and […]
By Canadian Underwriter | April 9, 2015
Seven catastrophe bonds covering US$1.5 billion in property risk were issued in the first three months of 2015, and two of those provide coverage in Canada, Verisk Analytics Inc.’s Property Claims Services (PCS) unit said in a report released Wednesday. “Six of the seven catastrophe bonds completed this year had exposure to North America,” PCS […]
By Canadian Underwriter | April 8, 2015
A jeweller in London said on Wednesday there’s a good chance that diamonds worth millions of pounds were snatched by thieves from a vault in the city over the weekend, British broadcaster Sky News reported. Police said on Tuesday that heavy cutting equipment had been used to break into a vault containing deposit boxes at […]
Improving experience for customers is a high priority for North American insurers, but many businesses invest in technology for reasons other than customer service, speakers suggested Tuesday at AudaVision Toronto 2015. Strategy Meets Action (SMA), a Boston-based research and advisory firm, publishes the top 10 imperatives for insurers every year, said SMA partner Mark Breading […]
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