Industry
Honda Canada has issued a recall for about 30,000 Accord V6 models in the country after a power steering part problem that could potentially cause a fire. The models included in the recall are those between 2003 and 2007. Exposure to high heat under the hood may cause the power steering hose to deteriorate, possibly […]
By Canadian Underwriter | October 1, 2012
1 min read
The low interest rate environment in Canada likely will persist over the next few years, with the Bank of Canada likely to stick to small incremental increases, says TD Bank Financial Group’s chief economist. Rates between now and mid-2015 will likely only increase one percentage point, Craig Alexander told an industry crowd during the National […]
2 min read
Insurance group RSA Canada has closed its acquisition of intermediated property and casualty insurer L’Union Canadienne after receiving necessary regulatory approval. RSA announced its agreement to buy the Quebec-based insurer in June for $150 million. L’Union Canadienne is the province’s third largest intermediated personal lines insurer and the acquisition places RSA as a top five […]
An investor group led by private equity firm CVC Capital Partners has announced it will acquire majority ownership in international claims adjuster Cunningham Lindsey after a recapitalization agreement. Stone Point Capital has had a majority ownership of Cunningham Lindsey since 2007, with Fairfax Holdings also retaining a substantial amount of the company. They will both […]
Results for the first half of the year show that slower economic growth has resulted in slower premium growth, lower interest rates have produced lower return on investment and the "abnormal" weather over the first six months of the year offered some benefits.
By Gregor Robinson, Senior Vice-President, Policy and Chief Economist, Insurance Bureau of Canada | September 30, 2012
5 min read
A new mobile application was recently unveiled in a bid to help Ontario brokers serve their customers more efficiently while also providing a vehicle by which to build their own brand.
By Paul Taylor, Vice President, Independent Broker Resources Inc. | September 30, 2012
Having a firm grasp on the what, why and how when it comes to electronic document (eDoc) download can help to guide brokers toward enhanced efficiency.
By Patrick Durepos, President, Keal Technology | September 30, 2012
6 min read
The Insurance Brokers Association of Canada's (IBAC) automation data exchange initiative offers great promise to enhance broker connectivity. Its use, however, must be in line with clearly defined standards.
By Scott Andrew, President and CEO, Custom Software Solutions Inc. | September 30, 2012
Does it matter if there are fewer big fish swimming in the p&c space of Quebec's pond? Is this a concern in similar pools across the country?
By Angela Stelmakowich, Editor | September 30, 2012
3 min read
Cleanup efforts have begun in England following major flooding, caused by intense September storms. The Environment Agency is now focusing on pumping away flood water and clearing debris from rivers, it said. “River levels are receding but it will take time for flood water to subside. Flood water is dirty and poses a risk to […]
By Canadian Underwriter | September 28, 2012
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