Industry
Policy Works has entered into an agreement with L’Union Canadienne to deliver a commercial lines data exchange solution. This will integrate Policy Works’ Commercial Management System (CMS) and L’Union Canadienne’s underwriting system. It offers pure no-touch processing, which enables brokers to send submissions and receive quotations electronically without using a Web portal. This means no […]
By Canadian Underwriter | November 25, 2010
1 min read
RSA Canada has invested in Real-Time Inquiry, which allows brokers to access client information. Applied Systems TAM brokers will be able to access their client’s billing, claims and policy information quickly and easily, without ever leaving their broker management system.Brokers select the policy in TAM, click the Real-Time “butterfly” button, and within seconds they can […]
Climate models may be capable of predicting the frequency of North Atlantic hurricanes as far as 10 years ahead, well beyond the current seasonal timescale, Lloyd’s reported.Lloyd’s awarded its inaugural Science of Risk Prize to Doug Smith of the U.K.’s Met Office for the finding.Smith’s research paper, ‘Skilful Multi-year Predictions of Atlantic Hurricane Frequency’ was […]
By Canadian Underwriter | November 24, 2010
The Dominion of Canada General Insurance Company renewed its agreement as an official supplier of the Canadian Curling Association through the 2013-14 season.The Dominion has been an official supplier of the CCA since 2005, and is also the title sponsor of more than 24 curling championships, organizations and fundraisers at the national, provincial and club […]
A man who fractured his neck while attempting to do a headstand on a “stripper pole” in a luxury limousine coach was injured as a result of an “accident,” an Ontario arbitrator has ruled, and is therefore entitled to accident benefits.Daniel Whipple was catastrophically injured in June 2009 while returning home in a luxury limousine […]
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Standard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to ‘Stable’ from ‘Negative.’Standard & Poor’s also affirmed its ‘A’ counterparty credit and financial strength ratings on XL Group’s core insurance subsidiaries and its ‘BBB+’ counterparty credit ratings on the holding companies.”The revision of the outlook to stable recognizes […]
CNA Canada has launched its improved and updated Oneworld Global Master Policy, providing coverage for Canadian-based business leaders that operate domestically or internationally. Oneworld is designed to offer customized coverages to insureds within CNA Canada’s core industry groups, including: construction, manufacturing, cyber risk, advanced medical technology, food processing, wineries and renewable energy. Oneworld offers:• broadened […]
Risk management has emerged from the financial crisis with greater authority and visibility, but a lingering, outmoded view of risk managers as mere compliance officers may be limiting the potential of the discipline, according to a recent Economist Intelligence Unit (EIU) report sponsored by ACE.The global survey canvassed the opinions of 500 senior executives and […]
By Canadian Underwriter | November 23, 2010
CARSTAR Automotive Canada announced its intention to build a 16,000-square-foot head office in Hamilton, Ontario during a special groundbreaking ceremony on Nov. 22.The facility will be called CARSTAR Vision Park, “reflecting the company’s vision to be the leader in the Canadian collision repair industry,” says a release.The new facility will be located at 1460 Stone […]
Winter tires are not mandatory in B.C., nor do they affect an insured’s insurance coverage or eligibility to make a claim, but ICBC still recommends their use.Driving without winter tires will not void your insurance in the event of a claim, nor does it mean you will be automatically at-fault for a crash, ICBC said […]
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