Industry
The B.C. Supreme Court has ordered a law school graduate student injured in a car accident to disclose Facebook and vacation photos showing her participating in physical activities. The plaintiff in the case, Tamara Fric, is claiming for damages resulting from injuries suffered in a motor vehicle accident on November 18, 2008. At the time […]
By Canadian Underwriter | May 1, 2012
2 min read
Ontario auto insurance rate filings approved during 2012 Q1 declined an average of 0.18%, based on the entire market. Rate filings for the Top 5 individual companies, ranked in order of market share, are: 1) State Farm Mutual Automobile Insurance Company Market share: 12.43% Rate Action: Flat (0.00%) 2) Aviva Insurance Company of Canada Market […]
1 min read
We witnessed something akin to Theatre of the Absurd in April long-awaited revamp of Ontario’s auto insurance product. At roughly the same time executives at the Insurance Bureau of Canada (IBC) were urging the provincial government to complete unfinished portions of the 2010 auto insurance reforms, politicians at Queen’s Park were establishing a new, select […]
By David Gambrill, Editor | April 30, 2012
3 min read
Attracting and retaining a pool of highly skilled and motivated employees gives a company a competitive advantage during times of lean underwriting margins.
By Peter Morris, Vice President, Strategic Resource Consultants | April 30, 2012
8 min read
U.S. auto insurance companies are spending more money to entice consumers, but without apparent effect, notes the J.D. Power and Associates 2012 U.S. Insurance Shopping Study released on Apr. 30. Now in its sixth year, the study examines consumer shopping and purchasing behaviors and overall satisfaction among buyers who recently purchased insurance across three factors: […]
By Canadian Underwriter | April 30, 2012
A state-backed British reinsurer that covers terrorism-related property losses is providing $7.3 billion in insurance protection for the Olympic Games in London this summer, according to Reuters. Pool Re, set up in 1993 after bombings by the Irish Republican Army in the financial district of London, will cover only commercial real estate in any possible […]
CORRECTION: This article first appeared on Apr. 20 with incorrect information. The version below represents the amended version, based on a follow-up interview with the Office of the Superintendent of Financial Institutions (OSFI). Canadian Underwriter apologizes for the errors contained in its initial report of Judith Roberge’s presentation at the Insurance Bureau of Canada (IBC)’s […]
Ogilvy & Ogilvy in Westmount is sponsoring the Montreal 140 Conference, Investing in Social Media, Investing in Relationships, Investing in Community, scheduled for May 15, 2012 in Montreal. Mila Araujo, director of personal insurance at Ogilvy & Ogilvy Inc. (insurance brokers), is producing the international event. Previous 140 Conferences have taken place in New York […]
By Canadian Underwriter | April 27, 2012
Farhan Mohamed has joined Burns & Wilcox Canada as a personal insurance underwriter and will lead the company’s High Net Worth Personal Insurance Centre of Excellence. Mohamed comes to Burns & Wilcox with more than 10 years of experience as a financial planner, insurance advisor and underwriter. “As the specialty insurance industry has evolved, we […]
Another review of problems plaguing Ontario’s auto insurance sector will likely duplicate ongoing government-sponsored initiatives, according to Insurance Bureau of Canada (IBC). IBC was responding to the recent announcement of a study by the Ontario Standing Committee on General Government into auto insurance industry practices and trends. “IBC believes that most, if not all, of […]
By Canadian Underwriter | April 26, 2012
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