Industry
Willis North America has launched ‘Bed Bug Infestation Recovery Insurance’ for hotel, hospitality and residential property owners.The product includes:•insurance to cover the cost of decontamination services;•insurance to cover the cost of rehabilitation expenses;•insurance to cover the loss of profit due to business interruption;•crisis management services, including a 24/7 hotline and teams to coordinate with regulatory […]
By Canadian Underwriter | June 28, 2011
1 min read
Driver courtesy has declined in the past five years in British Columbia, increasing the risk of road rage and potentially putting all road users in danger, according to a survey commissioned by ICBC. Ipsos Reid polled 899 adult BC drivers (aged 18 or older) who drive one or more hours per week on behalf of […]
2 min read
Trisura Guarantee Insurance Company has implemented Kerby-Reid’s Snap Insurance Platform, allowing it to create fully customized policies in its niche markets on the fly. The technology platform is designed for specialty, niche and program business. It is a true quote, underwrite, bind and issue system that can be customized to allow for fully automated workflows […]
ADP Canada, a provider of human resources and payroll solutions, is launching ADP Canada Insurance Agency Inc. (ADP Insurance Solutions), providing small and medium-sized businesses with end-to-end benefits management solutions.”Our clients have consistently told us that insurance costs are a key component of their overall compensation and HR planning,” said Greg Secord, president of employer […]
DriveCam Inc., a global driver risk management company, is expanding its driver risk management, fuel management and fleet tracking solutions into Canada. DriveCam pioneered a solution in 1998 that enables continuous driver monitoring and exception-based video capture to identify patterns of risky driving behavior. Based on this core solution, DriveCam introduced a comprehensive program in […]
Reinsurance rates may triple at July 1, 2011 renewals for New Zealand-only placements as a result of the Christchurch earthquakes, Standard & Poor’s predicts. For joint Australian/New Zealand programs, the increase will be less, more on the order of 50%, S&P’s notes in a report.Prior to the Christchurch quakes, New Zealand enjoyed favourable pricing, and […]
By Canadian Underwriter | June 27, 2011
The Insurance Bureau of Canada is asking residents in the Ottawa-Gatineau area to check their policies after heavy rainstorms resulted in property damage caused by sewer backup and water seepage.The Weather Channel reports the Gatineau area of Quebec had almost 50 mm of rainfall over a two-day period on June 23-24. Almost 100 mm of […]
As the title sponsor of the Concert for Hope, The Co-operators has committed $50,000 to help raise funds for the residents of Slave Lake, Alberta.The Concert of Hope will take place from June 30 to July 2 at Wide Water Complex, just west of the Town of Slave Lake. Tickets are on sale now and […]
Rates in Bermuda’s catastrophe and property reinsurance markets increased between 8% and 12% during mid-year renewals, according to a briefing note from investment bank Keefe Bruyette & Woods Inc. (KBW).KBW met with 12 insurers/reinsurers and brokers in Bermuda and reported their findings in a detailed briefing note, KBW Bermuda Field Trip: Slow Firming.”Overall, the tone […]
By Canadian Underwriter | June 24, 2011
Jardine Lloyd Thompson (JLT) Canada, a risk management insurance supplier, is teaming up with the Canadian Paralympic Committee (CPC) to offer national sport organizations risk management tools for hosting sporting events.The new, four-year partnership between JLT and CPC started on June 24. It was announced at the Canadian Paralympic Committee’s Guadalajara 2011 Parapan American Games […]
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