Industry
Mondial Assistance Canada, an assistance and specialty insurance provider, has become Allianz Global Assistance as of Feb. 1, 2012.The name change is part of a global brand transition expected to be completed in late 2012. Mondial Assistance Canada is a subsidiary of Allianz Global Assistance, an international provider of assistance and insurance services with operation […]
By Canadian Underwriter | February 2, 2012
1 min read
The nature of traditional property and casualty risks is shifting, and people can no longer rely entirely on the purchase of insurance to mitigate them, said Joe Plumeri, chairman and CEO of Willis Group. Plumeri spoke recently at the 2012 World Captive Forum in Miami, Florida. During his address, he noted the Miami hurricane of […]
A new seismic model allows U.S. nuclear facilities in the central and eastern United States to reassess their seismic hazards.The model and report, The Central and Eastern United States Seismic Source Characterization for Nuclear Facilities, was a joint effort by the Electric Power-Research Institute, the U.S. Department of Energy and the U.S. Nuclear Regulatory Commission […]
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Allstate Insurance Company of Canada presented a cheque for roughly $200,000 to United Way of York Region.The donation comes after a three-month long corporate campaign, including various unique employee-driven events, to raise funds for United Way and its member agencies in York Region. The total ($198,788.27, to be exact) represents the largest amount of funds […]
Western Financial Group has acquired Brown & Ward Insurance Ltd., an insurance services provider in Lacombe, Alberta.Owned and operated by Lorne and Heather Rye, Brown & Ward has been in business since 1938. The company will continue to operate with the same staff, in the same historic location, at 5024-51 Street, under the Western Financial […]
Insurance Bureau of Canada (IBC) and the Canadian Police Knowledge Network (CPKN) are sponsoring free access for the remainder of 2012 for Canadian frontline police officers to a course on identifying staged collisions. Staged collisions, in which accidents are orchestrated in order to collect hefty insurance payouts, are becoming increasingly common in Canada’s urban centres, […]
By Canadian Underwriter | February 1, 2012
SCM Risk Management Services (RMS) has launched iClarify Commercial, a desktop commercial insurance tool. The tool allows insurance professionals to access an “unprecedented” amount of real-time, insurance-relevant data on commercial properties across Canada, a SCM release says.”At the click of a button, insurance professionals will be able to access claims reporting, photos, occupational information, Fire […]
Totten Insurance Group has selected Policy Bill to provide an outsourced point of sale solution for monthly payment plans. Dubbed the Totten Pay Plan, this new offering allows clients to pay for their Totten policy using a monthly payment option. The Policy Bill Connect technology facilitates a streamlined pay plan creation, submission and funding process, […]
A minor, Magnitude 4.4 tremor shook Manitoba and Saskatchewan in the early morning of Feb 1, 2012.Data from the U.S. Geological Survey located the quake at approximately five kilometers below the surface. “The epicentre is pinpointed to near Esterhazy, Sask., where geologists have noted a history of minor earthquakes,” the Winnipeg Free Press reported.No damage […]
Canada’s home, auto and business insurers are reminding homeowners and tenants to keep track of their possessions.”Often, home insurance policies automatically renew each year and consumers may not even think about what their policies cover,” Doug Noble, the Insurance Bureau of Canada (IBC)’s vice president of Alberta and the North, said in a press release. […]
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