Industry
Telematics is expected to generate approximately $60 billion in premiums to insurers globally, notes a statement from Telematics Update, a reference centre and conference organizer that provides information about automotive telematics. Opportunities are expected to unfold once the usage-based insurance (UBI) market, which currently has more than 2 million customers, reaches its tipping point, notes […]
By Canadian Underwriter | July 16, 2012
1 min read
A growing proliferation of “man-made space junk” threatens satellites and space stations, approximately a quarter of which are insured against losses from physical damage and service interruption, states a recent report from Allianz Global Corporate & Specialty (AGCS). The study, Space Risks: A New Generation of Challenges, notes there are now more than 35 million […]
By Canadian Underwriter | July 13, 2012
2 min read
A quarterly review by Kanetix shows Ontario car insurance rates reported by shoppers decreased for the second quarter in a row. Ontario rates were 6.2% lower in 2012 Q2 than in the first quarter of 2011, and 3.6% lower in 2012 QI than in the same quarter a year earlier, Kanetix reports. In 2012 Q2, […]
Cunningham Lindsey has welcomed Waclaw Kuza, marine surveyor and adjuster, to its marine services unit. Kuza comes to Cunningham Lindsey with more than 20 years of domestic and international experience with various types and sizes of ships and cargo. As master mariner, Kuza has spent the past seven years on an ocean-going vessel. In addition […]
By Canadian Underwriter | July 12, 2012
Kernaghan Adjusters announced a managerial change at its Alberta operation on July 12, following the retirement in June of its Alberta regional manager Marja Welton. Welton’s insurance claims career spanned well over 30 years, with 22 years at Kernaghan Adjusters. Russ Fitzgerald has been promoted to the position of Alberta regional manager. He began his […]
Disaster Recovery Institute (DRI) Canada has recognized several Canadian organizations — ATCO Electric, NAV Canada and Health Canada — for their excellence in business continuity management (BCM). The awards were announced on June 26 at a gala awards evening at the World Conference on Disaster Management in Toronto. DRI CANADA provides services in BCM education […]
Provincial guidelines are contributing to increased costs for disposing of excavated soil from infrastructure projects, suggests a new study from the Residential and Civil Alliance of Ontario (RCCAO). Taxpayers and consumers could pay as much as 15% more in some cases for roads, sewers, water systems, public transit and other infrastructure, notes the RCCAO, composed […]
Albertan and British Columbian homeowners may not be getting the right home insurance protection, with many being offered named peril and broad-form policies in situations in which a comprehensive policy would be more appropriate. Square One Insurance Services Inc., which specializes in home insurance, talked to 2,800 residents in Alberta and B.C. over the past […]
The Supreme Court of British Columbia has ordered defendants in a vehicle fraud scheme to pay damages, including punitive damages, to the Insurance Corporation of British Columbia (ICBC). The court reportedly ordered 11 or so defendants to pay a total of about $850,000 in damages in connection with a vehicle fraud scheme that operated throughout […]
By Canadian Underwriter | July 11, 2012
Marsh is bringing its Canadian energy hub under the leadership of Bertil Olsson, who has been named North American energy practice leader. Based in Houston, Olsson has led Marsh’s U.S. energy mining and power practice since 2008. He now has the additional responsibility and oversight for Marsh’s growing and expanding Canadian energy operations, based in […]
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