Industry
Paul Owens will take on responsibility as CEO of the newly formed Willis Global Captive Management business as of Jan.1, 2014, Willis Group Holdings announced Thursday. Owens will lead the formation of the new business, bringing together the captive operations of North America, Europe and International into a single cohesive business, notes a statement from […]
By Canadian Underwriter | December 19, 2013
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Honda Motor Co. has topped the insurance industry’s annual list of the safest new vehicles. The Insurance Institute for Highway Safety on Thursday gave 39 vehicles top safety ratings for 2014. That is dramatically fewer than the 130 on the list last year because vehicles now must meet tougher standards. For the first time, the […]
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The Institute for Catastrophic Loss Reduction will be beginning its 2014 Friday Forum series with a seminar on pricing the risk of water damage claims. The Jan. 17 event will feature Jacqueline Friedland, Adam Peleshok and Houston Cheng from KPMG, who will present their research for the Canadian Institute of Actuaries addressing why past water […]
By Canadian Underwriter | December 18, 2013
Princeton, Ontario-based Frank Cowan Company has added a complimentary, municipal weather-monitoring portal to its website designed to help municipalities monitor and record the weather and actions taken in relation to the forecast. Called Snowman, the portal seeks to “help our municipal clients meet the weather-monitoring component as set out in the revised Ontario Minimum Maintenance […]
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HALIFAX – Another blast of wintry weather has cancelled some schools and flights in the Maritimes. Winter storm and snowfall warnings are in effect for Prince Edward Island, Nova Scotia and southeastern New Brunswick, just days after the region was slammed with heavy snow and howling winds. Environment Canada is calling for between 15 and […]
By The Canadian Press | December 18, 2013
Ernst & Young LLP is predicting a rise in demand for certain types of insurance, such as cyber and nanotechnology. The consulting firm announced Tuesday the release of the EY 2014 US Property-Casualty Insurance Outlook, which recommends that P&C carriers “invest in innovation of product development processes and delivery to meet rising demand for protection.” […]
By Canadian Underwriter | December 17, 2013
Some Canadian homeowners, renters and drivers admit having been not properly insured, according to results from an online survey commissioned by Allstate Canada. Nearly a third (30%) of those surveyed who have owned or rented a house, condo or apartment admitted not having tenant or property insurance, according to the poll of about 1,500 Canadian […]
Manitoba’s Public Utilities Board announced Monday it has approved an “overall” rate increase, of 0.9%, for compulsory auto insurance premiums in the provinces, while expressing concerns about operating expenses at Manitoba Public Insurance. The 0.9% premium increase would take effect March 1 “for all major classes combined,” PUB stated in a press release. In addition […]
Two trucking associations announced Monday they are asking the United States government for an exemption from the driver off-duty rules in order to conduct a study on the relationship between the degree of sleeper berth flexibility and safety outcomes. The American Trucking Associations and Minnesota Trucking Association recently submitted a request to the U.S. Federal […]
By Canadian Underwriter | December 16, 2013
Most British Columbia home renters who responded to a recent poll say they do not have tenant coverage, Canadian Direct Insurance Inc. announced Monday. The Vancouver-based carrier released results of an online survey of homeowners and renters in B.C. Of the renters, only 43% said they have tenant insurance. More than two-thirds (69%) of respondents “correctly […]
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