Industry
The first U.S. property and casualty insurer to use a social networking site as a platform for its business will likely be a direct writer that offers personal auto, motorcycle or dwelling insurance and not necessarily one of the biggest insurers in the market, Mike Fitzgerald, a senior analyst at Celent, wrote on his Feb. […]
By Canadian Underwriter | February 6, 2012
2 min read
ClearRisk has announced two appointments within its sales and marketing department. Ray Dillon joins the St. John’s-based company as chief sales and marketing officer and Chris Gardner has been promoted to vice president of sales and marketing. “Ray led the sales team that grew Cable Atlantic to be one of the biggest acquisitions ever in […]
1 min read
A Magnitude-5.6 earthquake struck offshore of Vancouver Island in B.C. around noon on Feb. 4. Natural Resources Canada estimated the depth of the epicenter at 12.8 kilometres. The epicenter was approximately 170 kilometres west of Ucluelet, B.C. (near Tofino, B.C.)”No tsunami [is] expected from an event of this magnitude,” Natural Resources Canada reported on Feb. […]
The Risk and Insurance Management Society (RIMS) has launched a guide for risk managers to manage cyber risks using an enterprise risk management (ERM) approach. The report is a joint effort between RIMS, Identity Theft 911 and USLaw Network.ERM Best Practices in the Cyber World is a 29-page, how-to guide designed to help organizations successfully […]
SGI has proposed a net increase of 3.7% for Saskatchewan Auto Fund rates. If approved, the rate changes would take effect Aug. 4, 2012.The public insurer submitted its proposal to the Saskatchewan Rate Review Panel for “rate rebalancing.” Rebalancing takes into account the number of collisions and their severity, including damage, injury and liability costs […]
By Canadian Underwriter | February 3, 2012
As the United States gears up for the Super Bowl on Feb. 5, insurers are warning of the escalation of risks specific to the big football game.Take pizza delivery, for example.As U.S. households hunker down for the big game, which starts around dinnertime at 6:30 pm, it’s a no-brainer to order take-out for dinner. Fast-food […]
The Insurance Institute, in collaboration with the Ontario Insurance Adjusters Association (OIAA), is officially launching a training program to help adjusters understand serious injuries. Understanding Serious Injury: Adjuster Training & Education is a comprehensive, eight-day program offering applied technical training and education specifically developed for adjusters and their employers. The program will be available to […]
Now that its acquisition of GCAN is complete, RSA has unveiled its ‘stem-to-stern’ proposition, including a suite of offerings in commercial, personal and large commercial and specialty lines.Since acquiring GCAN in January 2011, RSA combined the strengths of both organizations to build out its Large Commercial and Specialty division, targeting large, complex, national and multinational […]
Federally regulated property and casualty insurers and other financial institutions are expected to fill out a return informing Canada’s federal solvency regulator about any intended change to a company’s financial year-end.The Office of the Superintendent of Financial Institutions (OSFI) has posted new general instructions for form OSFI-596 (Return of Fiscal Year End Change) on its […]
The Governments of Canada and B.C. have jointly invested $36 million to provide greater flood protection for 20 communities across B.C. “Our government is committed to strengthening our communities and protecting Canadians,” Lynne Yelich, minister of state for Western economic diversification, said in an announcement on Jan. 24. “We know that by investing in flood […]
By Canadian Underwriter | February 2, 2012
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