Industry
Desjardins General Insurance launched a contest in which it will award a grand prize of $10,000 and donate $10,000 to a charity selected by the grand prize-winner.To enter the ‘Win for You-Win for your Cause’ contest, individuals must request an auto or home insurance quote from DGI, or submit the expiry date of their current […]
By Canadian Underwriter | September 30, 2010
1 min read
Plaintiff counsel in security class action suits are increasingly using the defendant’s level of D&O insurance as a settlement negotiation point before obtaining leave by court, said Jay A.R. Cassidy, a senior vice president at Marsh in Toronto. Cassidy was a panel member during the 2010 RIMS Canada Conference session ‘Recent Trends in D&O Liability’ […]
By Canadian Underwriter | September 29, 2010
2 min read
New Brunswick’s new provincial government is expected to move quickly on its mandate to review the province’s $2,500 cap on minor auto injuries.In a landslide majority, the Progressive Conservative Party of New Brunswick, led by David Alward, won the provincial election of Sept. 28, unseating Premier Shawn Graham and his Liberal Party. The Progressive Conservatives […]
Compu-Quote has issued a second release of iClarify validation services for Ontario brokers, which includes an enhancement of risk address selection and searching that has improved the service for rural brokers.”During the past 90 days or so we have studied broker feedback from over 700 brokers across Ontario processing more than 120,000 iClarify transactions,” says […]
On Side Restoration Services Ltd. of Vancouver, B.C. has acquired Stay Kleen Services and Contracting Ltd. of Markham, Ontario. The acquisition represents On Side’s first entry into the Ontario restoration market. The company will operate as Stay Kleen, a division of On Side Restoration, keeping the current management structure and employee group.
Municipal and provincial governments are increasingly using public-private partnerships (P3s) as risk transfer mechanisms to build infrastructure, delegates of the RIMS Canada Conference in Edmonton heard.Chris Baisley of Deloitte Touche in Calgary, Alberta explained that P3 projects are much more predictable and not as volatile as traditional projects. They allow the government to retain much […]
By Canadian Underwriter | September 28, 2010
Neither texting bans nor bans on hand-held phone use while driving have actually reduced crash risk, according to a report published online by the U.S. Highway Loss Data Institute (HLDI), a division of the Insurance Institute for Highway Safety.Non-compliance is a likely reason why the bans aren’t reducing crashes, the study suggests. The study looked […]
Record high gold bullion prices mean firms involved in metal trading, storage and transit are at risk of being under-insured against physical damage or loss, Marsh Canada Ltd. says.In response, Marsh has developed a new metals insurance product that will provide up to $1 billion of cover.The new product provides protection for precious and base […]
Round 2 of the Aviva Community Fund competition is officially up for grabs, with $1 million going to a project designed to improve a local Canadian community.Starting today, Canadians can submit ideas on AvivaCommunityFund.org that will have a positive effect on their local community. To start the process, entrants simply write a brief overview of […]
There is no such thing as 100% security, only degrees of insecurity, Salman Rushdie, a controversial and famed author, told delegates attending the 2010 RIMS Canada Conference in Edmonton. “Once a person accepts that fact, they are free,” he said.Rushdie’s novels have earned him top literary prizes around the world, but drew the ire of […]
By Canadian Underwriter | September 27, 2010
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