Industry
Willis Group Holdings is urging commercial insurance buyers to take advantage of the ongoing soft market conditions in 2011.In its report, Marketplace Realities and Risk Management Solutions, Willis notes several lines remain flat or have experienced rate reductions. These lines include:• property – reductions will average 15%, and will depend on catastrophe exposure and industry […]
By Canadian Underwriter | November 1, 2010
1 min read
ICBC’s 2.4% reduction in its basic rates are officially in effect.The public insurer also implemented a 3% reduction in optional insurance premiums.This marks the third consecutive year ICBC has offered rate reductions to its insureds.”Our customers’s smart driving decisions, combined with positive claims outlook and ICBC’s multi-million dollar investments in road safety are paying off […]
Kanetix has launched a service that allows auto insurance consumers to track rate changes in Ontario.‘Rate Tracker’ is an online free service that displays the changes in rates that were approved by the Financial Services Commission of Ontario over the course of the last year. Consumers can either select three insurers to compare rate adjustments, […]
E&O INSURERS CAUTIONED TO BE AWARE OF INQUESTS, DISCIPLINARY HEARINGS AGAINST INSUREDS Insurers defending professionals should be aware of inquest or disciplinary hearings involving insureds — even though these ‘sideshow’ proceedings might not be covered under E&O policies — because of the potential impact the proceedings may have on a subsequent civil action that does […]
October 31, 2010
Insurance Brokers Association of Ontario (IBAO) 90th Annual Convention; Underwriting transparency and auto reforms emerged as key themes during the Insurance Brokers Association of Ontario (IBAO)'s 90th Annual Convention in Niagara Falls.
By David Gambrill, Editor & Vanessa Mariga, Associate Editor | October 31, 2010
6 min read
Captives are shifting from Bermuda to Europe for a variety of reasons, including changing tax laws, incentives, technological evolution and trends in global premium growth.
By Vanessa Mariga, Associate Editor | October 31, 2010
5 min read
A.M. Best Reinsurance Webinar; Reinsurance experts fix numbers to the kinds of catastrophes it would take to halt or reverse the current inertia in favour of an ongoing soft market.
4 min read
A Manitoba Court of Queen's Bench decision that a golf cart is an automobile for the purpose of determining nofault benefits is limited in scope, but it does call into question statutory definitions of the word 'automobile' in insurance regimes throughout Canada.
By Jennifer D. Pereira | October 31, 2010
Even the most ardent ostriches in the world of underwriting D&O insurance must be aware of a trend in which the U.S. plaintiff's bar is taking an active interest in Canada's approach to class action litigation.
By Jay A.R. Cassidy | October 31, 2010
Simmlands held its 4th Annual Pro-Am for the CPGA Women’s Championship on Aug. 16. Twenty-five teams, each consisting of three amateurs and a top woman professional, participated at Burlington Golf & Country Club in a scramble format. This year’s event boasted four women from The Golf Channel’s Big Break series. Proceeds went to Women in […]
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