Industry
The Insurance Brokers Association of Ontario and Quindell Portfolio have teamed up to bring a telematics solution to IBAO member brokers. The idea is to answer the telematics trend by offering both a customer-centric and broker-driven solution.
By David Gallagher, Vice President, Marketing, Quindell Solutions | September 30, 2013
5 min read
As homeowners put more money into their basements, including equipping these spaces with finer finishes and electronics, water damage is becoming more expensive. Restoration contractors, however, say that if they can get to a property soon enough, most damage can be repaired and heavy losses avoided.
By Greg Meckbach, Associate Editor | September 30, 2013
A report submitted last week to the Ontario government recommends that all condominium management firms in the province be required to be covered by fidelity, professional liability and errors and omissions insurance. The report — titled Growing Up: Ontario’s Condominium Communities Enter a New Era — is the result of the second stage of the […]
By Canadian Underwriter | September 30, 2013
3 min read
The government of Alberta has set a Nov. 30 deadline for residents to apply to the Disaster Recovery Program, in the wake of major flooding in June. The disaster assistance is available to help rebuild primary homes, small businesses, and farms. It is meant to help pay for uninsurable property damage, loss and other expenses. […]
1 min read
Social media has intensified the political risk that some organizations face, as the technology plays a greater role in demonstrations, notes a new research briefing from Marsh. “Social media can exacerbate political risk by accelerating the formation of political protests, and enabling civil unrest to more easily and quickly transition from a single-country phenomenon to […]
2 min read
Aon Risk Solutions, the global risk management business of Aon plc, has released a new cyber diagnostic tool to help risk managers better identify and understand exposure to cyber risk. Noting that high-profile profile attacks are raising cyber as an emerging risk, the tool was introduced at the Federation of European Risk Management Associations (FERMA) […]
Allstate has introduced a new feature on its mobile app that allows a qualifying customer in the United States who has had an accident to kickstart the claims process by submitting pictures of a damaged vehicle taken on a smartphone through the app. The QuickFoto Claim feature will initially be available in 10 states across […]
TORONTO – A Danish-owned coal-laden cargo ship has sailed through the Northwest Passage for the first time and into the history books as the second bulk carrier to navigate the Arctic route. The Nordic Orion left Vancouver on Sept. 17 carrying 15,000 tons of coal. Ed Coll, CEO of Bulk Partners, an operational partner of […]
By Canadian Underwriter | September 28, 2013
Toyota Canada has issued a voluntary safety recall involving 56,211 Sienna minivans for roll away risk. The recall involves 2004-2005 and 2007-2009 vehicles. About 615,000 vehicles are affected by the same recall in the United States. The vans are equipped with a shift lever assembly containing a shift interlock system. One of the components of that […]
By Canadian Underwriter | September 27, 2013
Incidents of cargo theft in the United States between June and August increased by 5% over the previous three months, according to the rolling quarterly report from FreightWatch International. This summer, the organization recorded 202 thefts in the U.S., with 87 in June, 62 in July and 63 in August. The company uses data from […]
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