Industry
The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology — telematics, collision avoidance, automated traffic law enforcement and, to a lesser degree, robotic vehicles […]
By Canadian Underwriter | May 10, 2012
1 min read
The Insurance Brokers Association of Alberta (IBAA) intends to import Ontario’s forthcoming broker mobile application technology to its home province. “At our annual general meeting [on May 6-9], our members definitely voted to be one of the first to sign up for this application, which seems to be what the future holds,” said Scott Treasure, […]
2 min read
Nova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president of the Insurance Brokers Association of Nova Scotia (IBANS), said at the annual general meeting […]
A regulation has been added to New Brunswick’s Insurance Act that spells out new classes, including legal expense insurance, a relatively new form of insurance in Canada. The Classes of Insurance Regulation – Insurance Act, filed on April 24, details the additional classes: legal expenses insurance, credit protection insurance, fidelity insurance, liability insurance, mortgage insurance, property […]
By Canadian Underwriter | May 9, 2012
Chubb Insurance Company of Canada has launched an enhanced watercraft policy. The policy includes a new discount, improved deductible options, expanded navigational coverage, travel-sized certificates of insurance and greater damage coverage. The enhanced policy provides a 5% discount if the watercraft owner also has his or her home covered by Chubb Canada, and provides a […]
Insurance professionals in Manitoba now have access to a new Level 1 licensing program. ILScorp. has announced that the ILS Introduction to General Insurance (ILS ICI) program, first launched in British Columbia in January, recently received accreditation from the General Insurance Council of Manitoba. Twenty-five students took part in the first live ILS IGI training […]
David Horner has joined the Kernaghan Adjusters’ team in Edmonton. Horner began his insurance career in 1978 as a claims representative with a large multi-line insurer. Shortly thereafter, he became a roads adjuster, handling auto, bodily injury, property and fire claims. His responsibilities also included investigating and settlement of property damage claims and large commercial […]
Impact Auto Auctions, a Canadian automotive salvage management company, and a wholly owned subsidiary of KAR Auction Services Inc. (NYSE: KAR), has started construction of a new auction facility in Oshawa, Ontario. Known as Impact Toronto, the new auction will feature 37 acres of vehicle storage and a 12,000-square-foot building housing office, auction and vehicle […]
The votes are in and Toronto has gained the dubious distinction of having five of the 10 worst roads in Ontario, say the put-upon drivers forced to manoeuvre the questionable infrastructure. Dufferin Street – a perennial contender on the worst-of-the-worst list – was catapulted to the top this year, notes a statement from the Canadian Automobile Association […]
By Canadian Underwriter | May 8, 2012
The Co-operators has set its sights on building on the progress made in 2011 as part of company efforts to become a catalyst for sustainability and to work to mobilize others. Take a Closer Look, the company’s eighth annual sustainability report, was released May 8. In the report, the company spells out its progress last year and how it […]
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