Industry
The Insurance Institute for Highway Safety is testing different types of trailers to see how badly cars get damaged when they rear-end transport trucks, and has posted a new video discussing the results. Arlington, Va.-based IIHS announced Tuesday it has posted a video to its Youtube channel. In that video, dubbed understanding underride, IIHS officials […]
By Canadian Underwriter | July 2, 2013
2 min read
Western Financial Group Inc. announced Tuesday it has closed the acquisition of Surrey, B.C.-based Coast Capital Insurance Services Ltd., which is the property, commercial and casualty insurance subsidiary of Coast Capital Savings Credit Union. Under the terms of the agreement, the branches of Coast Capital Insurance will operate under the CCIS name for at least […]
1 min read
U.S. property catastrophe has been identified as a key battleground as reinsurers begin taking robust defensive measures to maintain market positions recently eroded by new capital markets entrants, suggests a new report from Willis Re, a division of Willis Group Holdings plc. “Despite the impact of the US$30 billion Superstorm Sandy loss, the key battleground […]
3 min read
Pat Van Bakel will take the reins of Crawford & Company (Canada) Inc. as its new president and chief executive officer. Succeeding John Sharoun, Van Bakel will be responsible for all facets of the Canadian organization, including all services supplied to the Canadian property and casualty insurance market, notes a statement from Crawford & Company. […]
XL Group plc announced last week its North American environmental business is adding an endorsement for subcontractor excess and difference in conditions to its existing contractor’s pollution legal liability policies. The Dublin-based firm stated June 27 the new endorsement “adds protection for the insured against uninsured and underinsured subcontractors whose work results in a pollution […]
Marie Gallagher, who takes the helm of the Canadian Independent Adjusters' Association (CIAA), in September, has many goals. These include persuading more adjusters to join CIAA and encouraging more people to pursue adjusting careers.
By Greg Meckbach, Associate Editor | June 30, 2013
6 min read
Many insurance companies aren’t supporting modern communications in their businesses and for interacting with customers, despite many saying such multichannel communication is a priority, according to a report sponsored by GMC Software Technology. The survey of 90 insurance organizations, conducted by Forrester Research, focused on customer communications through things like letterhead, invoices, campaign e-mails, correspondence, […]
By Canadian Underwriter | June 28, 2013
The New Zealand government has reached a cost-sharing agreement with the Christchurch City Council for repairs made as part of a recovery plan for the area that has been hit by several earthquakes over the past few years, including a major one in 2011. The Christchurch Central Recovery Plan, announced last July, sets out a […]
Insurers are looking to better utilize data and analytics to improve investment and risk management decisions, suggests a new study released Wednesday by State Street Corporation. Based on a survey conducted by The Economist Intelligence Unit in April – involving 300-plus insurance executives from life insurance companies, casualty firms and diversified insurers – the study […]
A slight majority of C-level executives and IT security professionals taking part in a global survey report a hacker is or has been in their corporate network, while the vast majority say cyber attacks pose a greater national threat than physical attacks. Findings from Cyber-Ark Software Inc.’s 7th annual Global Advanced Threat Landscape survey indicate […]
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