Industry
Multi-year insurance contracts and financial incentives may be the key to getting firms to invest in loss prevention measures, said Howard Kunreuther, professor of decision sciences and public policy at the Wharton School, University of Pennsylvania.Kunreuther was a panel member on the Risk and Insurance Management Society’s webinar, ‘Flirting with Natural Disasters.’ The webinar, sponsored […]
By Canadian Underwriter | October 8, 2010
2 min read
The Canadian Auto Insurance Rate Regulators (CARR) Association has appointed two New Brunswickers to its executive committee. Paul D’Astous, chairman & CEO of the New Brunswick Insurance Board (NBIB), has been appointed chair. D’Astous has served as vice chair since the association’s inception in 2008. Kevin Duff, executive director for the NBIB, was appointed secretary/treasurer.”We […]
1 min read
A.M. Best Co. has assigned a financial strength rating of B++ (Good) and issuer credit rating (ICR) of “bbb” to Trisura Guarantee Insurance Company (Trisura). The outlook assigned to all ratings is stable. These reflect the company’s favourable risk-adjusted capitalization, improved operating performance and experienced management team, A.M. Best said in a release. The company […]
SystemCare Environmental Limited has opened a new franchise in Dartmouth, Nova Scotia. The operation is located at SystemCare’s head office, 140 Thorne Avenue. Wayne Caines has been appointed project manager and Kevin Dunlap has been named general manager.
More than 1,200 Crawford & Company employees joined forces around the world as part of the company’s annual Global Day of Service. In Calgary, staff could be found preparing and serving lunch to guests at the Mustard Seed Street Ministry. “As we have in the past, we continue to support a number of community initiatives […]
Echelon General Insurance Company, a subsidiary of EGI Financial Holdings Inc., received approval for a 7% rate increase for its Ontario personal auto business.The Financial Services Commission of Ontario (FSCO) approved the rate increase, which will apply to new business from Nov. 1, 2010 and for renewal business from Dec. 1, 2010. The rate increase […]
By Canadian Underwriter | October 7, 2010
Risk managers in the United Kingdom enjoy greater contract certainty than their European counterparts, according to a Federation of European Risk Management Associations (FERMA) survey.The survey results were presented at a recent FERMA conference in London, as reported by the U.K. risk management association AIRMIC in its October 2010 bulletin. The survey found 65% of […]
Security National Insurance Company has received the blessing of the Nova Scotia Utility and Rate Review Board to align its rates for motorcycles and trailers using the 2006 rate analysis of the Insurers Advisory Organization (IAO).Security National plans to combine the IAO rates with those of its sister companies, including Primmum Insurance Company, to harmonize […]
Almost one-quarter of Canadians admit they’re unsure or have no idea what they’re covered for in their insurance policies, according to TD Insurance’s Coverage Uncovered Poll.The poll quizzed 1,503 Canadians about what they knew about their insurance policies during the first week of September 2010.More than half (53%) of the Canadians polled said they have […]
Fix Auto has added three new locations to the network’s roster – Fix Auto Sarnia, Fix Auto Vars and Fix Auto Rockland.Located at 778 Confederation Street, Fix Auto Sarnia has been in operation since 1991. Fix Auto Vars is the second-newest location to join the Fix Auto roster, and is located on the Trans-Canada Highway […]
By Canadian Underwriter | October 6, 2010
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