Industry
The H.W. Kaufman Financial Group, the Michigan-based parent company of Burns & Wilcox Canada, has announced the acquisition of Global Excess Partners, a specialty insurance organization, for an undisclosed amount. New York City-based Global Excess Partners was founded in 1997 and offers underwriting programs on behalf of Lloyd’s and other carriers and is focused on […]
By Canadian Underwriter | April 8, 2013
2 min read
Alberta’s Automobile Insurance Rate Board (AIRB) recently announced it is starting its annual review on premiums for basic auto coverage in the province and is asking stakeholders who want to participate in the process to file a letter of intent by May 1. AIRB’s roles include the regulation of premium levels for third-party liability and […]
Esurance, a United States auto insurance company owned by Allstate, has launched a new technology offering aimed at preventing distracted driving, particularly among teen drivers. The offering, which involves a free application, can block mobile phone calls, texts, e-mail, Internet and other smartphone apps while the car is in motion, the company said. The app […]
The CG&B Group Inc., a full-service brokerage based in the Greater Toronto Area, has announced the acquisition of the majority of assets of Believer Plus Insurance Brokers Limited for an undisclosed amount. The deal marks the 16th acquisition made in the last 14 years by CG&B, which operates in Toronto, Mississauga and Markham. Ont. Believer […]
1 min read
Property and casualty insurers in the United States are advised to deploy innovative technologies even earlier in the claims process to combat fraud, notes a report released by Boston-based Aite Group. “As the industry attempts to keep pace with fraudsters’ varied, ever-shifting tactics, it must deploy more innovative, effective anti-fraud technologies or risk dire losses,” […]
Canadian property and casualty insurers should be making investments in both their technology capabilities and their leadership to best leverage increasing amounts and kinds of data, according to a new outlook report from Ernst & Young. Insurers need to have ways to analyze information to best meet customers’ expectations, notes the company’s outlook report for […]
By Canadian Underwriter | April 5, 2013
The Insurance Bureau of Canada will launch the second phase of its Atlantic Rain Barrel Project this week, a study that looks at how collective rain barrel use can relieve stress on water systems and protect homes from water damage. The second phase will be in the Town of Stratford, PEI, where IBC will give […]
For the first time in seven years, motor vehicle deaths in the United States have increased, while the estimated cost in 2012 from deaths, injuries and property damage caused by accidents was US$276.6 billion, according to a new report from the U.S. National Safety Council. “Motor-vehicle deaths in 2012 totaled 36,200, up 5% from 2011 […]
Saskatchewan General Insurance, the province’s public auto insurer, is forming a formal Motorcycle Review Committee (MRC) to look at motorcycle insurance rates, after facing backlash on proposed increases. The MRC will be made up of motorcycle drivers, dealers, safety training providers, health care professionals and insurance brokers, SGI said. The group will meet in May […]
Using technology to meet today’s consumer expectations is key for Canadian brokers to stay relevant and competitive, says the head of Ontario’s broker association. The way consumers interact and purchase goods and services has changed dramatically over the past 20 years, but the broker business model hasn’t necessarily kept pace, Randy Carroll, CEO of the […]
By Canadian Underwriter | April 4, 2013
3 min read
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