Industry
The Insurance Corporation of British Columbia (ICBC) has withdrawn a rate restructuring proposal that would have linked traffic violations with premium calculations, instead committing to province wide consultation on other options for improving the way risks are shared among its customers.The move followed a meeting with the Minister of Public Safety and Solicitor General Shirley […]
By Canadian Underwriter | May 18, 2011
2 min read
Alister Campbell, CEO and chief agent of Zurich Canada, has been elected chair of the Property and Casualty Insurance Compensation Corporation (PACICC). Campbell has held his post at Zurich since October 2007. He has worked in the insurance industry for more than 25 years and has held senior executive positions in a range of capacities […]
1 min read
Aviva Canada Inc. is continuing its investment at the full partner level of the Insurance Brokers Association of Canada (IBAC)’s Broker Identity Program. The mission of the BIP, launched 23 years ago, is to promote the value and professionalism of the insurance broker to consumers, insurers and governments. It is a branding campaign for more […]
Manitoba Public Insurance (MPI) has struck a special team to minimize the impact of an impending Canada Post strike. The team will look at how the province’s auto insurer will make sure customers continue to receive claims cheques, refund cheques, vendor cheques, income replacement and other injury payment cheques, enhanced driver’s licences, basic identification cards […]
The Guarantee Company of North American has announced nine appointments at the regional, national and branch levels.The appointments include:Richard Pouliot, vice president of Eastern Canada. In this role, he will be responsible for all operations in Ontario, Quebec and Atlantic Canada.Frank Faieta, vice president of national claims. Faieta will hold national responsibilities for all claims […]
Internet use, 1-800 telephone services and expanded access to vehicle license services have created opportunities for banks and direct writers to compete in provinces with public auto systems, which typically distribute products through the broker channel.Representatives of the Saskatchewan and Manitoba broker associations observed similar trends affecting their members at the Insurance Brokers Association of […]
By Canadian Underwriter | May 17, 2011
The Insurance Brokers Association of Alberta (IBAA) has ended a two-year project to develop a made-in-Alberta, Web-based quoting program to help brokers compete in the online space.”The board is not recommending any further action on this project,” outgoing IBAA president Mardene Watson said at the association’s annual general meeting in Jasper, Alberta on May 16. […]
The Canadian insurance industry is leaping to action to assist in the aftermath of the wildfires that caused extensive and severe damage to a northern Alberta town.Paul Kovacs, executive director for the Institute of Catastrophic Loss Reduction, was quoted by CBC News as saying that the Slave Lake wildfires could be Canada’s costliest wildfire event, […]
The Insurance Brokers Association of Alberta (IBAA) is looking into the availability of excess liability for Alberta residents that own property in the United States.The association resolved in 2010 to research the availability of umbrella coverage. Outgoing IBAA president Mardene Watson presented the research findings at the IBAA’s annual general meeting on May 16, 2011. […]
Lloyd’s of London has incurred claims of Cdn$3.8 billion as a result of natural catastrophes in 2011 Q1, and the next major event that hit may be a capital event, said Richard Ward, Lloyd’s chief executive.A posting on the Lloyd’s web site describes a speech Ward recently offered at an industry conference. The last time […]
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