Industry
U.S. commercial insurance prices increased in aggregate by nearly 1.5% during 2011 Q2, the first time in eight years (since 2003 Q4) that all standard commercial lines showed an uptick in pricing, according to a study by Towers Watson.Towers Watson says its most recent Commercial Lines Insurance Pricing Survey (CLIPS) findings are consistent with preliminary […]
By Canadian Underwriter | September 16, 2011
2 min read
AIR Worldwide has revised its industry insured loss estimates for Hurricane Irene’s impact in the Bahamas to between US $200 million and $400 million (previously $300 million to $700 million). The revision for the Bahamas is based on a refinement of information about insurance take-up rates obtained from local experts during AIR’s damage survey and […]
1 min read
Chesterfield Canada Inc. has renewed its sponsorship of Dalton Smith, a hockey player with the Ottawa 67’s. Smith will continue into the 2011-12 season, following his signing by the Columbus Blue Jackets. The 19-year-old has signed a three-year entry-level contract. He was the Blue Jackets’ second draft pick (34th overall) in 2010. Smith will have […]
Oil Insurance Limited (OIL) is increasing its non- windstorm, per-occurrence limit from $250 million to $300 million in 2012.OIL held a special general meeting on Sept. 13, at which time shareholders approved various changes to the basic property, well control and pollution coverages, as well as to the Designated Named Windstorm (DNW) program. All proposals […]
The Traffic Injury Research Foundation (TIRF) has collaborated with Toyota Canada Foundation to develop a vehicle safety education program that links the use of vehicle safety features to safe driving practices. The goal of the national public education program is to provide the public with consistent, contemporary, research-based knowledge and understanding of vehicle safety features […]
By Canadian Underwriter | September 15, 2011
The Co-operators has inked a four-year partnership with David Suzuki Foundation to engage post-secondary students in environmental issues.The agreement is an expansion of The Co-operators’ IMPACT! Youth Program for Sustainability Leadership. Twelve internship positions with the communications team at the David Suzuki Foundation will be created.The student interns will have the opportunity to support and […]
Granite Global Solutions and Rochon Engineering announced the renewal of a long-term contract with Mike Rochon and Vince Rochon, founders and co-CEOs of Rochon, to continue to lead the division.Rochon Engineering announced on Sept. 13 that Mike and Vince Rochon would be stepping down from the position in October 2011. Since then, they have decided […]
B.C. is rolling out the third phase of its Intersection Safety Camera (ISC) program, with upgraded camera equipment at the sites and 35 more sites added to the roster.The ISC program is a joint initiative between the provincial government, ICBC and police. In this third phase, the number of intersections will expand from 120 – […]
Despite widespread premium increases, customers in the Western and Ontario/Atlantic regions of Canada are notably more satisfied with their auto insurance company this year than they were in 2010, according to the J.D. Power and Associates 2011 Canadian Auto Insurance Study.The study measures insurance customers’ experiences with their primary insurer. Conducted in July 2011 and […]
A fitness club with limited dumbbells for exercising was not responsible for a patron fracturing her wrist while participating in a “frenzy” to grab the available weights, the Ontario Superior Court ruled in an April 2011 Occupiers’ Liability Act case.Dutton Brock, in its publication E-Counsel, cited the court’s judgment in Soares v. Premier Fitness Clubs, […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
