Industry
After absorbing historic catastrophic losses in 2011 in excess of $100 billion, reinsurers responded in a fragmented way during the Jan. 1, 2012 renewal season, according to a report by Guy Carpenter. The report, Catastrophes, Cold Spots and Capital, notes that “while the market has tended historically to respond to loss activity or model change […]
By Canadian Underwriter | February 29, 2012
2 min read
Xactware has added an upgrade, ‘Sketch,’ to the latest version of its mobile estimating app XactScope, allowing estimators to sketch floor plans using iOS devices. XactScope is a mobile estimating app for the iPhone, iPad and iPod touch. It now includes Xactware’s patented Sketch technology. Using a touch screen, estimators can sketch rooms, stairs, roofs, […]
1 min read
The Dominion of Canada General Insurance Company has launched a free mobile app for its auto and property policyholders. The Dominion’s mobile app includes: The app also allows for broker branding. Once downloaded, the consumer can enter a unique broker code that will automatically populate the app with the broker’s branding and information. “Fraudulent claims […]
By Canadian Underwriter | February 28, 2012
The Insurance Marketing and Communications Association (IMCA) is calling worldwide for entries into its IMCA Showcase Awards, the longest-running creative awards competition for insurance marketing and communications professionals. The 2012 IMCA Showcase Awards competition is now in its 54th year. It offers awards in 35 categories spanning electronic, print, social and broadcast media, as well […]
Given the increasing popularity of smartphones, tablets and social media sites, many Canadians are concerned they might become victims of online fraud schemes targeting these technologies. Eighty-four per cent out of 1,000 people surveyed in an Environics poll, commissioned by TD Canada Trust, indicated they are concerned about online fraud. Overall, fewer Canadians overall reported […]
By Canadian Underwriter | February 27, 2012
A market-based approach to setting rates in automobile insurance would have long-term positive effects for both insurers and consumers, according to the Insurance Research Council (IRC). The IRC examined automobile insurance markets in three states — South Carolina (reformed in 1999), New Jersey (reformed in 2004) and Massachusetts (reformed in 2008) — before and after […]
Berkshire Hathaway Inc.’s property and casualty insurance operations have recorded their ninth straight year of a total underwriting profit, although the underwriting profit in 2011 was down significantly due in part to large catastrophe losses affecting the industry as a whole. Over the past nine years, underwriting profits for Berkshire Hathaway’s insurance operations — including […]
FirstOnSite Restoration has opened its newest branch in St. Catharines, Ontario. The St. Catharines branch, located at 207 St. Paul Street West, will be led by Tom Baldassarra, a project manager at FirstOnSite. Baldassarra serves as a member of FirstOnSite’s infectious disease control team and has experience in trauma crime clean-up and large commercial losses. […]
The number of Canadian drivers that admit to using their cell phones while behind the wheel increased 15.8% since 2001, according to the Traffic Injury Research Foundation (TIRF). In a recent Road Safety Monitor poll, TIRF found that more than a third (36.3%) of Canadian drivers admitted to using their cell phones while behind the […]
By Canadian Underwriter | February 24, 2012
The Financial Services Commission of Ontario (FSCO) is holding a webcast to raise awareness of the rate filing process requirements on Mar. 5, 2012. The free webcast will be available in French and English. It will take participants through the filing requirements, the relevant legislation and regulations and provide tips to ensure a more efficient […]
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