Industry
GCAN is a new full partner of the Broker Identity Program, according to a release from the Insurance Brokers Association of Canada (IBAC).”We are proud to welcome GCAN, a member of the RSA Group, as a full partner of the Broker Identity Program. We are pleased to see commercial insurers joining the ranks,” said Dan […]
By Canadian Underwriter | June 20, 2011
1 min read
The Bank of England and the Financial Services Authority (FSA) have published a joint paper, The Bank of England, Prudential Regulation Authority – Our approach to insurance supervision, outlining the current thinking on how the future Prudential Regulation Authority (PRA) will approach the supervision of insurers.It is expected the PRA will be created as a […]
2 min read
Selling an insured on the value of using a recycled part is tricky enough, but selling a recycled part with signs of damage on it is almost impossible, an insurance company representative told auto recyclers at an industry conference.Hudd was speaking in a breakout session at a joint seminar hosted by the Automotive Recyclers of […]
By Canadian Underwriter | June 17, 2011
Stanley Cup riots in Vancouver have now become a 1-in-17-year exposure for property and casualty insurers.After the Vancouver Canucks hockey team lost Game 7 of the Stanley Cup finals to the Boston Bruins on June 15, many businesses were damaged and 150 people were sent to hospital in a riot after the game.The scene was […]
By Canadian Underwriter | June 16, 2011
The Financial Services Commission of Ontario (FSCO) has released a bulletin highlighting recent amendments to the Insurance Act intended to help municipal transit systems control fraudulent claims.These amendments include adding a definition of ‘public transit’ to the act, where previously it was not included; adding a section that clarifies the liability of a public transit […]
Regular renewals for insurance policies, drivers’ licenses and vehicle registrations in Saskatchewan will not be mailed during the postal strike, Saskatchewan Government Insurance (SGI) has announced.For driver and vehicle renewals, consumers are encouraged to visit any SGI issuer or branch office to renew their driver’s licence or vehicle registration, or renew their vehicle registration online […]
Aviva Canada is warning consumers that residential burglaries spike in the summer months, when the warm weather tends to draw people away from the homes more frequently and for longer periods of time, leaving them vulnerable to thieves. Aviva insurance claims data show residential burglaries spike in summer months with 13%, 20% and 31% higher […]
Maurice Poulin, of Poulin Agencies in Nelson, B.C., was sworn in as the president of the Insurance Brokers Association of B.C. (IBABC).Poulin is the third-generation owner of Poulin Agencies Ltd., a single-office brokerage started in 1928. He is the second president in the history of IBABC to come from the Kootenay region.Joining him as an […]
Mark White, assistant superintendent of the regulation sector at the Office of the Superintendent of Financial Institutions (OSFI) is leaving OSFI, effective Oct. 31, 2011. “Mark has accepted a position with a federally regulated financial institution and will assume his new role on Nov. 1, 2011,” OSFI superintendent Julie Dickson wrote in an online post […]
Manitoba Public Insurance (MPI), the province’s public auto insurer, proposed an overall average 6.8% decrease in premium revenue for the 2012-13 insurance year. The insurer also issued its 2010 Annual Report, in which MPI reported a net loss after surplus distribution of $22.3 million. Investment income of $100.7 million helped reduce the cost of the […]
By Canadian Underwriter | June 15, 2011
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.
