Industry
An earthquake measuring 6.3 on the Richter scale struck Argentina Monday, the United States Geological Survey reported. The epicentre – in the Nazca plate region – was 93 kilometres northwest of San Luis, Argentina and 344 kilometres east-northeast of the Chilean capital, Santiago. “Relative to a fixed South America plate, the Nazca plate moves slightly […]
By Canadian Underwriter | February 2, 2015
2 min read
Google Inc. had made the Pro version of Google Earth free, the Mountain View, Calif.-based search engine company recently stated. On Jan. 30, Google said it is no longer charging for the Pro version, which uses the same imagery database as Google Earth but has additional features. Google Earth Pro users can calculate distances […]
1 min read
Record vehicle sales and number of vehicles on the road are fuelling positive feelings in Canada’s collision repair industry, but economic factors signal that a slow down could be on the way, Andrew King, managing partner of DesRosiers Automotive Consultants Inc., suggested in a presentation Friday. “There are some things happening out there that give […]
4 min read
An unpublished federal report on environmental threats from oil and bitumen pipelines says little is known about the potential toxic effects of oilsands products in oceans, lakes or rivers. “In particular, research on the toxicology of bitumen is lacking,” says the draft report, commissioned in response to concerns raised at the Northern Gateway pipeline hearings. […]
3 min read
The hope is that by next January there will be a pre-repair program in place “with a significant number of insurers that starts to simplify the process for getting the (collision) repair started,” Larry Jefferies, chairman of the Canadian Collision Industry Forum (CCIF), said Friday during CCIF’s meeting in Toronto. Characterizing the goal as aggressive, […]
New entrants in the insurance industry demand that brokers reiterate their value as trusted advisors by delivering a differentiated level of client service. To help guard against commoditization in the marketplace, the 21st-century brokerage must continue to evolve into a digital workspace.
By Jeff Purdy, Senior Vice President of International Operations, Applied Systems|Jeff Purdy, Senior Vice President of International Operations, Applied Systems | January 31, 2015
5 min read
Canada witnessed record vehicle sales in 2013, only to be topped by sales in 2014. Still, concern over the availability of service bays and skilled workers is also on the rise. Canadian vehicle fleet and technological advancements that increase the life expectancy of vehicles, however, are expected to contribute to the growth of the aftermarket.
By Marc Brazeau, President and Chief Executive Officer, Automotive Industries Association of Canada|Marc Brazeau, President and Chief Executive Officer, Automotive Industries Association of Canada | January 31, 2015
Consideration of depreciation as a saved expense in the context of fully destroyed and replaced assets is well-trodden ground. But what about the question of how best to deal with depreciation savings for undamaged assets in a business interruption claim?
By Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLP|Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLP | January 31, 2015
6 min read
The Chubb Corp. released Friday its financial results for the quarter ending Dec. 31, reporting a 3% year-over-year increase in Q4 net premiums written, a slight drop in consolidated net income, a 10.9% increase in underwriting income and a 2.2-point improvement in its fourth-quarter combined ratio. For the full year, net written premiums were $12.592 […]
By Canadian Underwriter | January 30, 2015
The federal and Manitoba governments announced Thursday they will contribute more than $1.2 million “to help identify and address problems caused by canola diseases and pests” such as clubroot. “Clubroot is a serious disease affecting crops like canola and mustard as well as cruciferous vegetables like cabbage, cauliflower and broccoli,” Agriculture Canada said in a […]
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