Industry
The Canadian insurance industry could see more merger and acquisition activity in 2013, in part because of continuing low investment returns, suggests a new outlook report from Aon Risk Solutions. Overall, the market will remain stable in 2013, and insurers are expected to continue showing underwriting discipline this year, notes the company’s 2013 Canadian Insurance […]
By Canadian Underwriter | February 5, 2013
2 min read
A majority of Canadians believe keeping up with professional education helps most people in their careers and allows insurance professionals to deliver better service, suggests findings from a new poll commissioned by the Insurance Institute of Canada. Results from the online poll, conducted by Leger Marketing, notes that 91% of respondents believe people who take […]
1 min read
Global insurance broker Willis Group Holdings plc advises that more dynamic risk management will be necessary to answer an unprecedented threat landscape in the mining industry. Its report, Mining Market Review, highlights key challenges facing the global mining industry in the year ahead, notes a statement issued today by Willis Group Holdings. Global economic uncertainty […]
3 min read
The federal government announced Monday it is looking for a contractor with expertise in marine risk to conduct a risk assessment on spills, from ships and oil handling facilities, of hazardous substances in Canadian waters. “The completion of this pan-Canadian risk assessment will provide the government and industry with risk information upon which appropriate prevention, […]
Responding to Ontario NDP leader Andrea Horwath’s proposal to reduce auto insurance rates in the province by 15%, the Insurance Bureau of Canada said Monday that the proposal misses the mark. “…(B)and aid solutions may score political points, but for the long term all stakeholders need to continue to push for needed reforms and fight […]
By Canadian Underwriter | February 4, 2013
Hub International Limited announced Monday that it has acquired a group home and auto insurance program book of business for members of Actra Fraternal Benefits Society (AFBS), a Toronto, Ont. based firm. The book of business was acquired from Dale Parizeau Morris Mackenzie Inc. The AFBS group home and auto insurance program will become part […]
The Traffic Injury Research Foundation (TIRF) and the Toyota Canada Foundation have launched a new education program to teach the public more about vehicle safety features, as the groups suggest that only a third of Canadians understand how such features really work. “Cars today are equipped with more safety features than ever before. Knowing more […]
Ontario NDP leader Andrea Horwarth has listed several of the party’s proposals and priorities for the new legislative session, with lowering car insurance rates among them. Among the ideas, listed Monday, would be a mandate for the Financial Services Commission of Ontario (FSCO) to reduce auto insurance rates in the province by 15% by March […]
Square One Insurance has issued a cautionary note to home and condo owners undertaking renovations, warning them to verify the liability and workers’ compensation coverage of contractors. In a press release Friday, Vancouver-based Square One noted even small renovations could affect home insurance coverage. It also gives advice in cases where a contractor’s faulty work […]
By Canadian Underwriter | February 1, 2013
RIMS, the Risk Management Society, has donated $30,000 to The William H. McGannon Foundation, a charitable nonprofit organization that provides funding and resources to support the advancement of the risk management and insurance professions in Canada. The donation was presented at the McGannon Foundation’s 10th Anniversary Luncheon in Toronto by RIMS Executive Director Mary Roth. “RIMS’ mission […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
