Industry
Insurers must consider the associated risks of lowering expenses and seeking efficiencies, as it may cost them in loss control or hamper their ability to meet consumer expectations, a report from Conning Research & Consulting says. In ‘Property-Casualty Expense Management: Trends and Guiding Principles for Holistic Benchmarking,’ Conning says it’s crucial for insurers to not […]
By Canadian Underwriter | February 13, 2012
1 min read
For the first time in years, the D&O market is showing sure signs of hardening, A.M. Best reported. Reporting from the Professional Liability Underwriting Society (PLUS)’s Symposium in New York, BestWeek’s Meg Green interviewed Eric Anderson, chief executive officer of U.S. retail for Aon, on the state of the D&O market. Anderson pointed to macro […]
2 min read
Pat Van Bakel has been appointed chief operating officer at Crawford & Company (Canada) Inc., effective March 1. Van Bakel has been with the company for more than 20 years, having most recently served as senior vice president, operations, insurer markets. He began his career as an adjuster and has moved through a number of […]
The marine insurance unit of XL Group has launched Contractor’s Equipment Coverage Solutions. The portfolio of coverages is designed to protect general building, infrastructure and specialty contractors’ equipment. The coverage has a few exclusions and is extremely versatile with adjustable limits, valuation and coinsurance options, XL reports in a release. The flexibility allows tailored solutions […]
Winmar Franchise Corp. is pleased to announce the opening of its newest location in Yorkton, Sask. The location is owned by Doug Maes and Jason Thibodeau. Maes has been successfully operating Winmar Moose Jaw for the past two years. The office is located at 357B 7th Avenue North, PO Box 370, S3N 2W1.
Losing an international game on a team tour is not the only risk players face, according to Lloyd’s. A touring team requires insurance for medical expenses (including emergency assistance) cancellation and delay, personal liability and baggage, the company notes in a Market News report, Play Sport, Will Travel. While the most obvious risk a player […]
The price tag for a sketchy driving record – two violations in three years – could be an insurance premium increase of between 20% and 25%, according to research by InsureEye.The research was conducted using the data from InsurEye Peer Comparison, an interactive online service that compares consumers’ insurance costs with their peers.”To illustrate the […]
By Canadian Underwriter | February 10, 2012
CNA Canada has appointed Rick DeBruyn as assistant vice president and Winnipeg branch manager.DeBruyn joined CNA Canada in 2006 as a senior underwriter. Prior to joining CNA, DeBruyn had worked at ING in Winnipeg, where he has served as senior commercial lines underwriter since 1995. He holds a B.A. in political science from the University […]
Price trumps safety, according to B.C. car buyers surveyed in an Ipsos Reid poll.Only 32% of car buyers in British Columbia listed “safety” as one of their top three considerations when purchasing a vehicle, according to an Ipsos Reid survey conducted in December 2011 on behalf of the Insurance Corporation of B.C. (ICBC). The poll […]
The national average for reconstruction costs grew by 1.51% in 2011, according to Xactware’s 2011 Property Report for Canada. The increase in the overall cost to rebuild was related to a rise in the average cost of building and installation labour rates, the report found. Alberta and Saskatchewan posted the highest average increases, at 3.3% […]
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