Industry
Property and casualty insurers in the United States will be hard-pressed to repeat the industry’s stellar performance in 2013, suggested industry chief executives taking part in a Jan. 14 panel discussion at the Insurance Information Institute’s (III) 18th Annual Property/Casualty Insurance Joint Industry Forum in New York. Executives reported that the confluence of higher rates, […]
By Canadian Underwriter | January 17, 2014
2 min read
RSA Canada has partnered with Audatex Canada, a global claims solution provider serving the automotive industry, to streamline the insurer’s claims handling process. The partnership will replace multiple software programs with Audatex Canada’s software suite, which will standardize workflow and procedures aross all of RSA Canada’s companies. “This solution enables RSA Canada to leverage its […]
1 min read
The Centre for Study of Insurance Operations (CSIO) has unveiled a mobile website, live chat functionality and a redesigned, user-friendly “Broker Corner,” the organization announced Thursday. The site is now optimized for mobile devices with easy navigation and prioritized content for quick reference, CSIO said. The live chat feature also allows members to connect with […]
By Canadian Underwriter | January 16, 2014
TORONTO – Ontario’s New Democrats say the Liberal government is moving too slowly to cut auto insurance rates by 15 per cent, and warn they’ll remember that broken commitment at budget time this year. The province’s insurance regulator approved rate decreases averaging 3.9 per cent for motorists, which the Liberals say means they are on […]
By The Canadian Press | January 16, 2014
Desjardins Group has entered into a definitive agreement to acquire State Farm Canada’s property and casualty and life insurance business, as well as its mutual fund, loan and living benefits companies. The transaction is expected to close in January 2015, subject to regulatory approval, according to a statement from Desjardins. Following the closing, Desjardins said […]
By Canadian Underwriter | January 15, 2014
Auto insurance rates in Ontario have dropped by 4% on average as part of the Liberal government’s overall plan to reduce rates by an average of 15% by 2015, the Toronto Star reported Tuesday. Background: Ontario government announces plan to reduce auto insurance rates by 15% within two years The newspaper’s report, based on unnamed […]
By Canadian Underwriter | January 14, 2014
Ontario’s Ministry of Transportation is seeking public comment on a proposal to create a pilot project testing the safety of “autonomous vehicles,” often referred to as “driverless” cars. “MTO recognizes the importance of new vehicle technology, especially if it can expand mobility options for Ontarians,” the ministry said of its proposal, posted online in late […]
By Canadian Underwriter | January 13, 2014
Nearly $12 million has been granted through federal disaster assistance programs to residents and businesses affected by tornadoes that hit Illinois last fall, the Federal Emergency Management Agency said Monday. The funds come to survivors through FEMA and the U.S. Small Business Administration. Related: Insured losses from U.S. Midwest storms will reach into hundreds of millions […]
Toronto insurance broker Jones DesLauriers Insurance Management Inc. announced this week it has acquired Whitley Insurance and Financial Services, effective Jan. 8. Whitley has an office in Belleville, Ontario – 170 kilometres east of Toronto – plus offices in the nearby communities of Trenton, Deseronto and Stirling. “The acquisition is expected to build a solid […]
By Canadian Underwriter | January 10, 2014
LAS VEGAS – The future of driving is right around the corner. Hydrogen- and solar-powered vehicles are on the streets. So are cars that can get you through stop-and-go traffic while you sit back and send texts from behind the wheel. Cars are even using radar, ultrasonic waves and cameras to jump into the passing […]
3 min read
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