Industry
Seismic microzonation mapping of earthquake-prone zones will help provide enhanced understanding of the potential for spatial distribution of hazards, thereby offering a basis for policy-making and building code requirements.
By Professor Dariush Motazedian, Earth Sciences, Carleton University and James Hunter, Emeritus Scienti | December 1, 2012
5 min read
REGULATION Court upholds 60-day wait limit for mediation The Court of Appeal for Ontario has upheld a decision by a lower court to dismiss the appeals by insurers in a case involving wait time for mediation before the Financial Services Commission of Ontario (FSCO). Hurst v. Aviva Insurance Company details circumstances in which four individuals […]
December 1, 2012
Editor’s Note: An article that originally ran on Nov. 29 “ICBC cuts 203 more jobs, continues restructuing,” incorrectly stated that the 203 positions being eliminated were in addition to a previously announced 250 eliminated positions. The 203 are actually part of the 250 eliminated positions, not in addition to them. The revised article is below. […]
By Canadian Underwriter | November 30, 2012
2 min read
Willis Group Holdings’ New York City-based North American unit announced Thursday it has agreed to acquire the assets of Montreal-based Avalon Actuarial Inc. The terms of the deal were not disclosed but Willis stated in a press release it expects the transaction to close in the fourth quarter. London-based Willis Group has 200 employees in […]
A.M. Best has affirmed the ratings of Manitoba’s Grain Insurance Company, boosting their outlook from negative to stable. The company now holds a financial strength rating (FSR) of “A,” or excellent and an issuer credit rating (ICR) of “a.” “The rating affirmations are supported by Grain’s consistently solid operating performance, favorable reserve development, on both […]
1 min read
A New Brunswick online distracted driving awareness campaign has won an award at an event honouring the best in Atlantic Canadian creative advertising. The campaign, It only takes a second…don’t drive distracted, won silver in the Public Service, Online Initiative category at the 2012 ICE Awards. “We know how important it is to get high-impact […]
Applied Systems Inc. announced Thursday the general release of its MobileProducer software, which works on Apple’s iPad and on wireless devices running Google’s Android operating system. In a press release, the University Park, Ill. vendor said MobileProducer lets users access client accounts, activities, contacts, prospective customers and insurance policy information. They can also access e-mail […]
By Canadian Underwriter | November 29, 2012
Insurer Aviva Canada has announced the semi-finalists in its 2012 Aviva Community Fund initiative. The competition offers $1,000,000 in donations for community initiatives across the country. Canadians have been sbumitting and voting on their favourite ideas for 10 weeks. Background: Aviva Community Fund competition opens for fourth year More than 1,500 ideas were submitted and and nearly two […]
4 min read
The Organization of Real-time Brokers Implementing Technology (ORBiT) held its annual general meeting in Toronto Tuesday, announcing the progress of working groups as members discussed hot-button issues including electronic versions of pink auto insurance slips, electronic payments to brokers and the use of technology to compete with direct writers and agents. ORBit, which includes 13 insurance […]
Some of the worst-affected areas in the wake of heavy rainfall and widespread flooding in the United Kingdom could see insurance premiums rise by as much as 50%, PwC reported on Wednesday. “Following the latest floods to strike the U.K., we expect insurance renewal premiums to rise between 10% and 50% depending on the severity […]
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