Industry
Companies operating in politically volatile regions may soon find they are unable to retain sufficient insurance coverage, or that their existing policies may not necessarily cover the type of political unrest occurring in the Middle East, North Africa and Asia, Willis warns.In a report, Mind the Gap, Willis says insurers currently offering protection against political […]
By Canadian Underwriter | April 18, 2011
1 min read
Auto thieves convicted under the new federal criminal offence for auto theft would immediately lose their driving licences under proposed changes to Manitoba’s Highway Traffic Act, attorney general Andrew Swan announced on Apr. 15.”The federal government responded to Manitoba’s call to make auto theft a Criminal Code offence and we are responding here at home […]
An Ontario arbitrator has ordered an insurer to pay for the full cost of an expert report even though the report was also being used in a related tort case.In Sanmuganathan Elaiathamby v. State Farm Mutual Automobile Insurance Company, Elaiathamby claimed $8,505.42 for expert reports and disbursements at a Financial Securities Commission of Ontario (FSCO) […]
By Canadian Underwriter | April 15, 2011
2 min read
FirstOnSite Restoration has expanded its presence in Quebec and Alberta.The emergency restoration company opened a branch in Quebec City, which will be lead by Daniel Jean, a 25-year veteran in the construction and restoration industry. “FirstOnSite has already been active in the province with several jobs in the last year, including recently rebuilding parts of […]
A Peel Regional Police Officer has been arrested in Brampton following a fraud investigation into staged motor vehicle collisions.With the assistance of the Insurance Bureau of Canada, investigators with the Internal Affairs Bureau conducted an investigation into a series of motor vehicle collisions that occurred in 2010. The alleged fraud involved the staging of motor […]
Aviva Canada launched a new Web site, designed for use on smartphones or other mobile devices.The new site can be accessed by visiting avivacanada.com from any browser-enabled smartphone, not just iPhones or Blackberries.Key features of the new mobile Web site include:• a local auto service station or contractor locator;• the ability to call Aviva’s claims […]
Debate over a proposed vote to replace the current board of directors of the Economical Mutual Insurance Company began in earnest the week of Apr. 11-15.The dispute about board membership is linked to a proposal to demutualize the company. Mutual policyholders are expected to discuss a proposal to demutualize the company at The Economical’s annual […]
By Canadian Underwriter | April 14, 2011
An Alberta driver’s insurance premium should not increase by more than 10% per year solely as a result of their insurance company switching from a traditional rating program to an unbundled or segmented rating program, the Alberta superintendent of insurance has announced among its revised rating program guidelines.Alberta’s superintendent of insurance posted the new guidelines […]
Johnson Inc. has launched a new mobile app for the Apple iPhone. The new Johnson mobile app provides customers with the following features. •Claims Frequently Asked Questions (FAQs) containing advice on what to do if you’ve been in an accident. •One-touch dialing provides customers with important phone numbers they need to make interactions with Johnson […]
The Co-operators General Insurance Company reported a net income of $80.7 million for 2010, marking an increase from 2009’s $74-million profit.The combined ratio for the company (excluding market yield adjustment) deteriorated slightly from 101.7% in 2009 to 103.1% in 2010. The insurer cites a 4.2% increase in net claims and adjustment expenses from 2009 to […]
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.
