Industry
The Insurance Corporation of British Columbia (ICBC), Kelowna RCMP and crime prevention volunteers have partnered to equip owners of certain older- model cars with a means to theft-proof their vehicles. As part of Operation Lock Up, which kicked into gear December 18, residents of Kelowna and West Kelowna can obtain free steering wheel locks to […]
By Canadian Underwriter | December 21, 2012
2 min read
Reinsurance company SCOR announced the launch of the SCOR Corporate Foundation for Science this week, a new initiative to support various scientific projects. “The SCOR Corporate Foundation for Science will lend its support to various different kinds of project, within the framework of its orientations and means, but in principle with no limitations in terms […]
Aviva plc announced Friday that it has agreed to sell Aviva USA Corp., its U.S. life and annuities business and related asset management operation, to Athene Holding Ltd., for $1.8 billion. “The transaction represents significant further progress in narrowing the group’s focus on businesses and markets where viva enjoys leadership positions and is able to […]
1 min read
The 2013 Honda Accord 4-door and Suzuki Kizashi have been added to the Insurance Institute for Highway Safety’s (IIHS) list of safety picks after a new frontal crash test revealed the majority of evaluated family cars outperformed most of their luxury counterparts. The two models, both of which received a good rating, were among the […]
By Canadian Underwriter | December 20, 2012
3 min read
In the aftermath of Hurricane Sandy, insurance carriers will be “less agreeable” to dropping property insurance rates for U.S. clients, while Canadian firms are experiencing “stable” rate changes in liability and errors and omissions insurance, according to a recent report from New York-based brokerage Marsh Inc. In the fourth quarter of 2012, “global insurance rates […]
The Ontario government will not re-introduce legislation mandating the retrofitting of retirement homes with fire sprinklers, but a provincial spokesperson suggested this week that the Liberals are preparing to introduce regulations to strengthen the fire code. Last September, Bill 54, which was supported by The Co-operators Group Ltd., passed second reading and was referred to […]
4 min read
Editor’s Note: The following letter to the editor is in response to an article that appeared on Canadian Underwriter’s website on Dec. 10, 2012: Ontario needs to crack down on independent medical examiners: Accident victims’ group It is unfortunate that “Fair Association of Victims for Accident Reform” (FAIR) is not living up to its name in […]
Burns and Wilcox Canada has announced that Lalita Mohabir has joined the company as senior personal accident underwriter in the company’s Toronto office. Mohabir brings more than 26 years of industry experience to Burns and Wilcox Canada and will lead the company’s personal accident team offering worldwide Accidental Death and Dismemberment coverage on an individual […]
By Canadian Underwriter | December 19, 2012
W. R. Berkley Corp. announced Wednesday that Andrew Steen has been named president of Berkley Canada, effective Jan. 7, 2013. Steen has more than 20 years of experience in the property casualty insurance industry in Canada. He served most recently as senior vice president and commercial underwriting officer for the Canadian subsidiary of a major P&C […]
A family in southwestern Ontario will have access to a vehicle thanks to CARSTAR Niagara Falls and Thorold Auto Parts. As part of the Niagara Falls-based charity, Project SHARE, a 2011 Versa was presented to a single mother and her son on Friday, notes a statement from CARSTAR Collision & Glass Centres, one of the […]
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