Industry
The number of collisions between deer and motorists in Nanaimo has increased, with about 170 such crashes last year alone, according to a report by Dustin Walker of the Nanaimo Daily News. Walker’s report references data from the Insurance Corporation of B.C. According to the ICBC data published in the article, there were 870 collisions […]
By Canadian Underwriter | January 21, 2011
1 min read
If The Economical does in fact demutualize, as its board of directors recommended to mutual policyholders in December, there will be pressure on other mutuals – those with a narrow base of policyholder owners – to do the same.MSA Research president Joel Baker made the observation in his article, ‘The Battle for The Economical Mutual […]
2 min read
The Institute for Catastrophic Loss Reduction (ICLR) is hosting a Basement Flooding Symposium at the Toronto Board of Trade, on May 26. The comprehensive full-day event will focus on basement flooding causes, mitigative best practices, homeowner perceptions research and the legal side of the issue, including government liability and the role of laws and bylaws. […]
CNA Canada will host a series of product fairs to showcase its products and services throughout January and February. CNA’s product fairs are scheduled for 4-7pm (local time) as follows: “Within Canada, our nationwide network of local branch offices are located in Toronto, Vancouver, Montreal, Calgary and Winnipeg,” said Gary Owcar, CNA Canada’s president. “Each […]
The Insurance Brokers Association of Alberta (IBAA) and the Toronto Insurance Conference (TIC) have received some clarification about Alberta’s ‘voluntary disclosure’ rules, which relate to the payment of taxes on unlicensed insurance. In Alberta, a client may lawfully arrange unlicensed insurance as long as: Under the province’s ‘voluntary disclosure’ rules, if a client realizes it […]
By Canadian Underwriter | January 20, 2011
Manitoba Public Insurance (MPI) has received roughly 10,000 collision claims within the first two weeks of 2011, many of which stemmed from motorists driving too fast on ice/snow covered roads. The majority of speed related collisions occur between the months of November through to March, an MPI release says. Over the 2003-2009 period, 20% of […]
Mario Albert, Autorite des Marches Financiers (AMF) superintendent, client services, compensation and distribution, has been appointed interim president and CEO of the AMF.He joined the AMF in 2008 as superintendent of distribution. Two years later, he assumed responsibility for the agency’s institutional affairs, including communications, research and strategic monitoring. Beginning in February of 2010, he […]
The global financial crisis has increased political risk in countries that traditionally have had very low levels of risk, according to Aon’s Political Risk Map.Fall-out from the financial crisis has resulted in Iceland becoming the first Western European country to be downgraded to medium, Aon said. Globally, the level of political risk has risen in […]
Side airbags play a crucial role in reducing driver fatalities in side impacts, but they are far from the whole story in side crash protection, reported the Insurance Institute for Highway Safety (IIHS). Researchers at IIHS correlated side impact test results with federal crash data. Only crashes involving institute-rated vehicles with standard side airbags to […]
By Canadian Underwriter | January 19, 2011
The Traffic Injury Research Foundation (TIRF) is launching a study on female impaired driving offenders. The study is scheduled for completion by the end of 2011, a TIRF release says. The objective of the project is to share with frontline criminal justice practitioners the current research and strategies for dealing with this population. Researchers will: […]
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