Industry
Ontario’s auto insurance industry isn’t in as bad a situation as than many may think, but it should take a much tougher stance when taking on fraudulent claims, according to one Toronto lawyer. “I think with the last reforms for Ontario auto in September 2010, (the industry is) almost there in terms of a dream […]
By Canadian Underwriter | October 4, 2012
2 min read
CloudInsure, a cloud insurance platform, has partnered with reinsurance intermediary Guy Carpenter & Co. to reach more primary insurers with its privacy and security liability coverage. CloudInsure, a subsidiary of Cyber Risk Partners, is designed to address liabilities in cloud computing environments. Through its agreement with Guy Carpenter, it will be able to work with […]
1 min read
The head of Quebec’s financial regulator sees little opportunity for more merger and acquisition activity in the province’s property and casualty insurance industry, after recent moves have caused more market concentration. The consolidation level in the Quebec P&C market is reaching a critical point, Mario Albert, president and CEO of the Autorité des marchés financiers […]
By Canadian Underwriter | October 3, 2012
The Canadian Trucking Alliance has partnered with CargoNet to combat heavy cargo theft and similar crimes in Canada. CargoNet, an information-sharing system developed by Verisk Crime Analytics, launched in Canada in September. A group of CTA member carriers will now join the program, and the alliance will hold a seat on CargoNet Canada’s advisory board, […]
Specialty insurance provider Frank Cowan Company has launched two new programs, addressing what it calls underserved demands in the market. The Community Services and Disability Support programs respond to unique risks faced by social services workers, the Princeton, Ont.-based company noted in a statement. According to Frank Cowan, the new programs offer: Clients also receive […]
The Centre for Study of Insurance Operations will update its CSIOnet virtual private network (VPN) gateway to version 7.1, which will go live on Oct. 11. CSIO has worked with carriers and broker management system (BMS) vendors to test the latest version and those partners have approved the upgrade to the EDI communications tool, it […]
Alberta independent commercial broker Robinson Insurance Brokers Ltd. has announced it will move to a new “eco-office” in Edmonton on Nov. 1. The new office is solar-powered, using a 3.4kWh Photovoltaic roof system, and uses low-wattage electronics, the company explained in a statement. It was converted from an older building using “sustainable materials.” Company president […]
By Canadian Underwriter | October 2, 2012
A home and auto insurance comparison website has launched in Alberta after reported success in Ontario. InsuranceHunter.ca provides three “competitive quotes in three minutes,” using its own comparison technology, according to a statement from the site. After choosing a quote, users get a personal call from a “qualified insurance hunter,” meaning a licensed insurance broker, […]
Insurers have a greater chance of achieving customer satisfaction if they bundle other policies with a homeowner policy, notes the most recent version of J.D. Power and Associates U.S. national homeowners insurance study. The 12th edition of the survey shows that overall satisfaction with homeowner insurance companies in the United States averaged 785 on a […]
Rates for commercial insurance increased by an average 6% in the second quarter of 2012, marking the sixth consecutive quarter that aggregate prices rose for all commercial lines, notes a recent survey by Towers Watson. Price increases were seen in all commercial lines, but were higher in mid-market and large accounts, states the Commercial Lines […]
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.
