Industry
An estimated 30 tornadoes tore through six Midwest states on Feb. 28 and 29, killing at least 12 people and causing widespread property damage, Guy Carpenter reported. Nebraska, Kansas, Missouri, Illinois, Indiana and Kentucky were all affected by the severe weather that also included strong winds, heavy rain and large hail. “The resulting damage and […]
By Canadian Underwriter | March 2, 2012
1 min read
Less than one-third of companies have updated their corporate travel policies within the last year, leaving employees on business travel at risk, according to American Express Global Business Travel. American Express Global Business Travel analyzed 100 travel policies of global, multinational and mid-sized companies. Some of the policy gaps the survey uncovered include: “As today’s […]
By Canadian Underwriter | March 1, 2012
Outside Intelligence, a search-based applications (SBA) provider, has launched an application for insurers that allows them to mine, analyse and organize ‘big data.’ Big Data consists of data sets that grow so large they can become awkward to use. Data capture, storage, search, sharing, analytics and visualizing all become problematic when a dataset has gotten […]
Secondary market liability class actions have increased markedly in Canada, resulting in new policy wordings. How the new policy language will fare in the courts is anybody's guess.
By Jay Cassidy and Alexandra Kindbom, Marsh Canada Ltd. | February 29, 2012
5 min read
Catastrophe rates were up as of Canada's January 2012 renewal season. The implications for primary rates, particularly in personal lines, should be clear. Will the upward pressure affect commercial lines?
By Donald P. Callahan, President, CEO, Guy Carpenter Canada | February 29, 2012
Automation helps the claims process for repairable vehicles, and now it is being applied to the process for total loss claims as well.
By Bruce Carrick, Senior Director, Product Management, Mitchell International | February 29, 2012
4 min read
Canada's commercial insurance market is "in transition," meaning rates have flattened out in most lines of business, with small increases in some areas such as property. Few, however, see signs of an actual hardening.
By Craig Harris, Freelance Writer | February 29, 2012
7 min read
Canadian consumers are increasingly exploring their property and casualty options online, but they still demand direct personal contact throughout the policy lifecycle and at renewal, an Ernst & Young report found. Ernst & Young surveyed more than 24,000 insurance consumers around the world for its Global Consumer Insurance Survey 2012. Canadian consumers are for the […]
By Canadian Underwriter | February 29, 2012
2 min read
Canadian drivers in the 56-60 age category can pay an average of up to $15 per month less for car insurance premiums than younger drivers in the 41-45 age bracket — unless you live in Ontario. InsureEye Inc., a Canadian company providing independent online services to help consumers better understand and manage their insurance, found […]
Debris from the March 11, 2011 tsunami in Japan will likely make landfall on the coast of British Columbia between March 2013 and March 2014, according to the National Oceanic and Atmospheric Administration (NOAA). The massive debris field has been dispersed by ocean current and is now spread out approximately 3,000 miles, halfway across the […]
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