Industry
Catlin Canada hosted a cocktail party on June 29 to “officially” open its Montreal office. More than 100 brokers enjoyed great music, food and drinks. Managed by Pat Bruzzese, the new office is located at 1411 Peel St.
August 31, 2011
1 min read
Saskatchewan Government Insurance (SGI) has received a total of 15,793 auto insurance claims for hail and wind damage to vehicles over the three-month period between June and August of 2011, about triple the five-year average for such claims.The government insurer received 9.141 auto insurance claims for hail and wind damage to vehicles over the same […]
By Canadian Underwriter | August 31, 2011
Only 27 of 77 Manitoba vehicles passed through a day-long, advertised vehicle inspection program without any defects, according to Winnipeg police, which conducted the voluntary program along with Manitoba Public Insurance (MPI). Winnipeg police and MPI conducted the inspection program on Aug. 21, between the hours of 11:00 a.m. and 5:00 p.m. Vehicle owners were […]
Western Financial Group has acquired two more insurance agencies, one in Manitoba and the other in Saskatchewan. Western Financial acquired David Duncan Insurance Agency in Gilbert Plains, Manitoba and Leith & Glassford Agency Ltd. in Rosetown, Saskatchewan. Both firms will now be operated as Western Financial Group offices in these communities.”Joining Western Financial Group means […]
Just under half (44%) of young Canadians polled in May 2011 say they rarely or never purchase travel insurance when traveling to the United States.Furthermore, more than half (56%) of young travelers said they don’t take the time to understand what their travel insurance covers before they leave on their trip.RBC Insurance commissioned the Ipsos […]
By Canadian Underwriter | August 30, 2011
Texting or emailing while driving is just as dangerous as drinking and driving, according to 76% of those surveyed on behalf of ICBC.In the Ipsos Reid poll, 917 adults drivers in British Columbia were polled on their views of distracted driving. Eighty-seven per cent of those polled believe texting or emailing while driving is one […]
The longstanding and ongoing debate about public and private auto insurance surfaced during the Manitoba election in May, when Gordon Steeves, now a Tory political candidate, suggested the private sector should be providing auto insurance in the province.Steeves made his remarks in a May 2011 Shaw TV interview, a short excerpt of which aired on […]
The verdict is still out on insured losses caused by Hurricane Irene’s three landfalls, but loss estimates for the Caribbean range as high as $1.1 billion. The remnants of Hurricane Irene – which had weakened to a post-tropical storm – lashed parts of Quebec and the Maritime provinces on Aug. 29, leaving hundreds of thousands […]
By Canadian Underwriter | August 29, 2011
2 min read
The Cadillac Escalade is more than six times as likely as the average vehicle to be targeted by thieves, and has overall theft losses more than 10 times as big, according to the Highway Loss Data Institute (HLDI).The HLDI analysed insurance claims for 2008-10 vehicles to identify the most frequently targeted makes and models of […]
By Canadian Underwriter | August 26, 2011
Willis Group Holdings plc has developed an insurance product to cover business interruption costs for companies affected by a nuclear exclusion zone.Willis Global Markets International developed the cover for businesses with key locations, suppliers or customers situated in the vicinity of a nuclear power station. The coverage would apply if a business is forced to […]
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