Industry
Desjardins Group’s Property and Casualty Insurance segment reported a total income of $2.04 billion in 2011, a 25.5% increase over 2010’s total income. The company cites a $261-million increase in net premiums as a contributing factor for the increase in income. Growth initiatives targeting mass markets and groups, both in Quebec and across the country, […]
By Canadian Underwriter | February 24, 2012
1 min read
Metal theft, including the theft of copper wiring, is a growing problem, according to the City of Surrey, B.C. “Both local and international supply and demand strongly influence wire and metal theft,” the City of Surrey says in a post on its website. “Local wire and metal theft problems can be linked to international demand […]
RSA Canada has launched a mobile app that offers both home and auto claim reporting. The app is available on BlackBerry, iPhone and Android platforms. With it, RSA customers can report a home or auto claim, locate their broker, access product information, find auto repair shops and contact both emergency services and RSA. “Research shows […]
By Canadian Underwriter | February 23, 2012
CORRECTION: The following item, posted on Feb 23, initially contained incorrect information, for which Canadian Underwriter apologizes. The following item contains the corrected information. Zurich Canada has added a new online portal that gives brokers access to builders’ risk and equipment breakdown coverage and allows them to quote and bind business quickly and easily. The […]
The Economical Insurance Group posted a net income of $91 million for 2011, marking an 11.9% increase over the 2010 net income of $81.3 million. The insurer’s combined ratio improved from 102.9% in 2010, to 98.1% in 2011. Underwriting results improved from an underwriting loss of $48.5 million in 2010 to an underwriting gain of […]
Global Content Solutions (GCS) has opened a state-of-the art content restoration facility in southern Ontario. GCS is holding an open house at the new facility between 1 p.m. and 4 p.m. on Feb. 29. The location is 1280 Seagrave Rd, Unit G & H, Woodstock, Ontario. RSVP to Tim Sheridan at 519-851-7700 or by email […]
Canadians can anticipate more intense wildfires that are too difficult to stop using traditional fire fighting techniques, according to Mike Flannigan, a senior research scientist with Natural Resources Canada. Flannigan presented his team’s latest research in Vancouver at the annual meeting of the American Association for the Advancement of Science. “It’s going to be incredibly […]
By Canadian Underwriter | February 22, 2012
CARSTAR Automotive Canada Inc. has been selected one of Canada’s 50 Best Managed Companies for 2011. The honour is awarded by Deloitte, CIBC, National Post and Queen’s School of Business. It recognizes Canadian-owned and run companies that excel in overall business strategies and sustained growth. “CARSTAR has helped transform an entire industry by creating systems, […]
Westland Insurance (AB) Inc. and Alpine Insurance & Financial Inc. have merged and will operate under the Alpine name. Alpine has five offices, located in Canmore, Lethbridge, Red Deer, Edmonton and Calgary. Westland’s office in Calgary will become the new head office for the new entity. Cam Clay and Cathy Clay started Westland in 2004. […]
AccuWeather.com is predicting an active severe weather season in the United States, with an above-normal number of tornadoes in 2012. Last year ranks as the fourth most deadly tornado year ever recorded in the U.S., with 1,709 tornadoes touching down. The average number of tornadoes over the past decade is about 1,300. Warmer-than-normal Gulf of […]
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