Industry
Several prominent wireless carriers in the United States, along with about 200 other organizations, have joined together for a campaign reminding teens not to text while driving. The “It Can Wait” campaign from AT&T now has Verizon, Sprint and T-Mobile U.S. now on board for the nationwide co-branded multi-million dollar advertising and awareness campaign. The […]
By Canadian Underwriter | May 14, 2013
2 min read
The Insurance Bureau of Canada and the Groupement des assureurs automobiles (GAA) have launched a new awareness campaign around insurance and claims for young drivers in Quebec, after survey results revealed that they are often undereducated on those issues and underestimate their risk of collision. The “En voiture, j’assure!” campaign covers four topics: insurance premium, […]
3 min read
The range of environmental liabilities to which organizations are now exposed and the liability cover provided by traditional insurance policies has become wide and will get wider, predicts a new research paper out of the United Kingdom. Environmental Loss Scenarios – penned by the Non-Marine Environmental Committee of the International Underwriting Association of London (IUA), […]
The Rural Municipality of Ochre River in southern Manitoba witnessed high winds on May 10 that resulted in a major situation along the Ochre Beach Community that affected 27 structures, including seven permanent residences. Major damage has occurred on Lakeview Drive with minor damage on Sombrero Drive and Beach Road, notes a statement from the […]
By Canadian Underwriter | May 13, 2013
Desjardins General Insurance Group has launched a new usage-based auto insurance offering, the first program of its kind to be approved by the regulator and made widely available to drivers in Ontario. Dubbed Ajusto, the new UBI program will also be available in Quebec. The program is free and voluntary for current and new Desjardins […]
The property and casualty insurance industry in the United States is set to continue seeing profit improvements through this year, after solid growth in 2012, according to a Fitch Ratings report released Friday. Despite more than $20 billion in fourth-quarter insured losses last year following Superstorm Sandy, the industry showed improvement in 2012, Fitch said. The […]
By Canadian Underwriter | May 10, 2013
Bermuda-based international specialty insurer and reinsurer Catlin Group has reported $948 million in net premiums earned for the first quarter of the year, a 12% increase over the same period last year. The company had a 12% increase in its gross premiums written, reporting $1.8 billion for the three months ended March 31. Much of […]
EGI Financial Holdings Inc., a carrier whose lines include non-standard auto, reported Thursday a net loss of $910,000 in the first quarter of this year, attributing its results in part to a “long winter” in Ontario and the settlement of a mortgage broker errors and omissions claim. Toronto-based EGI reported an underwriting loss of $4.4 […]
The New Brunswick government has announced that the raised damages cap for people suffering minor personal injuries from auto collisions will take effect this summer. The new raised cap of $7,500 (up from $2,500) will take effect on July 1, the province’s Justice Minister and Attorney General Marie-Claude Blais announced in the legislative assembly Wednesday. […]
By Canadian Underwriter | May 9, 2013
Preparedness against cyber crime among Canadian businesses is lacking despite seven in 10 polled organizations being the victim of a cyber attack, suggests a survey released this week by the International Cyber Security Protection Alliance (ICSPA). “Across business communities, there is a general lack of strategy, procedures and trained personnel to combat cyber crime,” notes […]
4 min read
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