Industry
Soaring energy and gas prices over the past year have led to the biggest annual increase in the Consumer Price Index (CPI) since 2003, Statistics Canada reports.The CPI tracks prices related to core living expenses such as food, shelter, transportation clothing, health and recreation, to name a few. The rise in the CPI suggests Canada […]
By Canadian Underwriter | July 20, 2011
1 min read
The National Association of Professional Allstate Agents Inc. (NAPAA) will take part in a secret mail ballot vote on Aug. 17 to decide whether the association will affiliate with the Office and Professional Employees International Union (OPEIU) as a guild.In a statement to Canadian Underwriter, Allstate Canada said NAPAA does not represent Allstate agents in […]
Alberta’s Agriculture Financial Services Corporation (AFSC) is offering a new Hog Price Insurance Program (HPIP) designed to protect hog producers against an unpredicted decline in Alberta hog prices over a defined time period. Delivered by AFSC, HPIP is part of a larger suite of livestock price insurance programs that includes three programs for cattle.”The Hog […]
By Canadian Underwriter | July 19, 2011
2 min read
Ontario has designated the province’s northwest area a restricted fire zone after more than 100 wildfires spread throughout the area.As of July 18, 103 active fires were burning in the northern part of Ontario. Twenty new fires started on July 17. Smoke on the ground continued to create issues for many First Nations communities. Approximately […]
By Canadian Underwriter | July 18, 2011
The insurance market is still abundantly capitalized, keeping a hard market at bay despite record cat losses in the first half of 2011, said Brian C. Elowe, Marsh’s managing director of global risk management.Elowe was as a panel member during the 2011 Risk and Insurance Management Society’s Benchmark Survey Webinar, produced by Advisen Ltd. According […]
Ontario auto insurance rate filings approved during 2011 Q2 – from Apr. 1, 2011 to June 30, 2011 – averaged an increase of 1%, based on the entire market, according to the Financial Services Commission of Ontario (FSCO).For the 29.59% of the market that had rate changes approved in 2011 Q2, the average rate change […]
Nearly half of businesses do not have social media and networking policies in place, despite the fact that 76% use social networking for business purposes and many report abuse or misuse of social networks.These findings come from an informal survey of more than 120 multinational employers conducted by the international labor and employment group of […]
By Canadian Underwriter | July 15, 2011
Given that nearly 50,000 teens obtained their first drivers licence in 2010, ICBC is reminding parents to set a good example for these novice drivers. Not only are these new drivers more prone to crashes, but 25% of their crashes result in an injury or fatality, the ICBC says.ICBC recommends the following five tips for […]
The American National Standards Institute (ANSI) has approved the Risk and Insurance Management Society (RIMS) as an accredited standards development organization.This status enables RIMS to take a lead role in shaping and developing risk management standards, a RIMS release says. RIMS plans to begin standards development early in 2012. “Developing and distributing standards is vital […]
RSA Travel Insurance Inc./Assurance Voyage RSA inc. (RSA Travel), part of RSA Canada, has completed its acquisition of the business assets and insurance expertise of travel distributor etfs and the etfs trademark. “We are delighted to welcome etfs into the RSA Canada family,” said RSA president and CEO Rowan Saunders. “Together, RSA and etfs are […]
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