Industry
RSA Canada plans to double its actuarial staff, expand its broker financing and expand its surety offerings across Canada, company officials recently reported. “We conducted a soft launch of surety in March 2014 out of Vancouver and Toronto and are expanding into Montreal in 2015 to provide cross Canada coverage,” an RSA Canada spokesperson wrote […]
By Canadian Underwriter | March 10, 2015
3 min read
Barring unforeseen events, retail/wholesale, food and beverage (RWFB) companies in the United States that benefited from generally ample insurer capacity and competitive rates at the end of 2014 are expected to see similar market conditions though 2015, notes a market update released Monday by Marsh. That said, RWFB companies should be taking several steps to […]
2 min read
Managing cyber risk in brokerages is really about managing people, not just IT issues, said two speakers at Insurance Canada’s 13th Annual P&C Insurance Technology Conference in downtown Toronto on Monday. “Cyber risk is an IT risk – this is a myth,” said Jad McGregor, president of Abex Insurance, during the Brokers and Cyber Risk […]
By Canadian Underwriter | March 9, 2015
OTTAWA – The Baffin Correctional Centre is a ticking legal time bomb that could go off at any moment, a senior bureaucrat warns in a newly disclosed memo that comes as the territory braces for a scathing report about Nunavut’s most notorious jail. The Canadian Press recently obtained a copy of a January memo written […]
4 min read
Ingenie Canada Inc. announced Monday it is offering auto insurance in Ontario, using telematics technology, to drivers aged 24 and under. “Young drivers insured by ingenie install a Smartbox in their car, which builds a picture of their driving style based on indicators such as speed, acceleration, braking and cornering,” Ingenie said in a press […]
Mitchell International, a provider of technology, connectivity and information solutions to the property & casualty claims and collision repair industries, has found that bodily injury (BI) claims payments in the U.S. are increasing faster than other lines of coverage, particularly for third-party claims. The finding was included in Mitchell’s Industry Trends Report Q1 2015, Casualty edition, […]
The Canadian Radio-television and Telecommunications Commission (CRTC) has issued its first notice of violation under Canada’s Anti-Spam Law (CASL), the CRTC announced on Thursday. The CRTC’s chief compliance and enforcement officer issued a notice of violation to Quebec-based Compu-Finder, which includes a penalty of $1.1 million, for breaking Canada’s anti-spam law, the CRTC said in […]
By Canadian Underwriter | March 6, 2015
Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, is reminding motorists that the three-month warning period for photo speed enforcement is coming to an end, with live ticketing starting on Sunday. “The goal of the photo speed enforcement pilot is zero tickets, zero crashes and zero fatalities,” said Andrew Cartmell, president and CEO […]
TORONTO – Authorities across Canada are awaiting test results from the U.S. before deciding what to do about thousands of safety devices with alleged defects that could cause guardrails to rip through cars and motorists instead of protecting them in crashes. In the interim, several provinces have stopped installing the units, which would cost tens […]
RSA plans to launch telematics for auto insurance customers in Canada this year and spend about $300 million on updating its computer systems, though its overall strategy remains unchanged, RSA Canada officials suggested to brokers and reporters Thursday. “Our overarching strategy in Canada remains unchanged,” said Rowan Saunders, RSA Canada’s president and chief executive officer. […]
By Canadian Underwriter | March 5, 2015
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