Industry
A team of Insurance Corporation of B.C. (ICBC) employees sporting moustaches throughout the month of November managed to raise more than $35,000 for Prostate Cancer Canada.The initiative was part of the ‘Movember Campaign.’ During November of each year, in Canada and around the world, men sprout moustaches on their upper lips to raise funds and […]
By Canadian Underwriter | December 13, 2011
1 min read
SAS Canada and TransUnion, a credit and information management firm, have teamed to develop a predictive model aimed at tracking down fraudsters more effectively. The model will leverage credit file information, in addition to fraud data from a consortium of financial institutions, to enhance fraud detection, a SAS release says.Participating institutions will have access to […]
The Insurance Brokers Association of Ontario (IBAO) has announced its title sponsorship of the Alliance Hockey, House League, House League Select and Minor Development championships. The championships will run the first two weeks in April, in Hamilton, Stratford and Woodstock, Ont. More than 200 teams and 4,000 participants will take part in the championships. Alliance […]
By Canadian Underwriter | December 12, 2011
Chubb Insurance of Canada will be making an additional $63,000 contribution to charities based on the performance of three Canadian Broker teams during the international Chubb Charity Challenge. The golf tournament was held at the Ritz Carlton Golf Resort in Naples, Florida Oct.10 to 12, 2011. Of the nearly 40 North American teams competing, three […]
Losing customers and a shortage of skilled workers has topped the 2011 Lloyd’s Risk Index, displacing a lack of credit as the greatest worry for businesses. The Economist Intelligence Unit surveyed 500 global businesses on behalf of Lloyd’s to determine the top risks perceived by businesses.”Two years ago, businesses told us they were primarily concerned […]
Traffic enforcement officers in Saskatchewan will hold a second province-wide two-day traffic safety blitz on Dec. 15-17, SGI reported.Operation Overdrive is part of a coordinated approach by police agencies across the province. Each month they will target a particular safety issue for two days. More than 90% of people in Saskatchewan feel impaired driving is […]
The Office of the Superintendent of Financial Institutions (OSFI) has a comprehensive enterprise risk management (ERM) program in place, but there’s still room for improvement, according to an Internal Audit report. Internal Audit conducted the review to determine whether OSFI’s risk management, control processes and governance are adequate to ensure risks are appropriately identified and […]
2 min read
Chesterfield Canada Inc. has announced the release of Lloyd’s capacity for coverage of ports and terminals across Canada. Chesterfield will offer coverage for the assets of ports and terminals, both for ocean marine and brown water operations. While capacity is offered with Lloyd’s syndicates, Chesterfield may write a primary layer, “allowing brokers to look at […]
Catastrophe pricing in Bermuda’s insurance and reinsurance market has improved in certain loss-hit regions, but some companies are reducing exposures rather than pursuing greater market share, an A.M. Best Special Report has found.”Similar to what occurred after the Chilean earthquake and the Deepwater Horizon oil platform disaster in 2010, catastrophe-torn areas and related lines of […]
By Canadian Underwriter | December 9, 2011
The Saskatchewan Court of Queen’s Bench recently found that a brokerage had breached its duty of care by not informing a client about a policy coverage exclusion for vandalism that applied immediately upon his rental property being vacated.In Cheecham v. Saskatchewan Government Insurance, the plaintiff, Roy Cheecham, brought an action against his insurer, Saskatchewan Government […]
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