Industry
Computer-based exams offer a level of flexibility that is not only welcomed in today's learning environment, but perhaps even expected. Those in the insurance industry looking to advance their education and contribute to their companies are no different.
By Peter Hohman, President & Chief Executive Officer, Insurance Institute of Canada|Peter Hohman, President & Chief Executive Officer, Insurance Institute of Canada | December 31, 2014
5 min read
Aviva Canada said this week it’s pleased that Hamilton, Ont. police have laid charges against a woman for fraud, after following up on a tip the insurer received at the beginning of the year. In February, Aviva’s Fraud Information Centre received an anonymous tip that its policyholder was not driving a vehicle involved in a […]
By Canadian Underwriter | December 23, 2014
2 min read
Catlin Insurance Company has entered into an agreement to sell its investment in Box Innovation Group, which includes telematics offerings from Insure the Box, to Aioi Nissay Dowa Insurance Company of Europe. Aioi, a subsidiary of major Asian insurer MS&AD Insurance Group, will acquire shares from Catlin and other shareholders to will own 75.01% of […]
By Canadian Underwriter | December 22, 2014
Six months after it launched its new cyber and technology risk unit in North America, commercial insurance carrier XL Group plc announced Monday it has a ‘network of prequalified breach response specialists’ to help its clients respond to computer security breaches. Dublin, Ireland-based XL Group said its New York City-based North America cyber and technology […]
Only a tenth of Canadian businesses are truly risk averse, with the majority’s risk appetite for innovation matching their ability to withstand potential financial losses, according to a new survey report form the Conference Board of Canada. Based on a telephone survey, the organization says that more than 70% of Canadian businesses have a risk […]
By Canadian Underwriter | December 19, 2014
FREDERICTON – The New Brunswick government is introducing a moratorium on hydraulic fracturing that the premier says won’t be lifted until five conditions are met. Those conditions include a process to consult with First Nations, a plan for waste water disposal and credible information about the impacts fracking has on health, water and the environment, […]
By Canadian Underwriter | December 18, 2014
Insurance carriers need to change the tools they use to manage risk, and insurance professionals can help clients manage risk by using cognitive computing, Aite Group LLC suggested in a recent research note. Boston-based Aite Group announced Thursday the release of an Impact Note, titled Insurance: The Next Generation, by Jamie Bisker, an Aite Group […]
Allianz Group plans to sell the Fireman’s Fund Insurance Company’s (FFIC) personal lines insurance business in the United States, which is focused on high net worth customers, to ACE Limited for US$365 million by means of renewal rights arrangement. An Allianz SE statement issued Thursday notes that Allianz SE and ACE Limited announced the definitive […]
3 min read
A recent Court of Appeal for Ontario ruling will be “very well received by municipalities” concerned about legal liability for keeping roads and bridges in a reasonable state of repair, a municipal liability and auto insurance expert with Lerners LLP suggests. In a decision released Dec. 11, the province’s appeal court overturned a ruling that […]
By Canadian Underwriter | December 17, 2014
Property and casualty insurance industry groups in the United States are expressing disappointment and frustration at the Senate’s non-passage of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA). “AIA is incredibly disappointed that the Senate failed to pass the House-approved (417-7) six-year TRIA reauthorization bill prior to adjourning,” Leigh Ann Pusey, president and CEO […]
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