Industry
Collision repair centres demonstrating a broad understanding of Ontario’s reformed auto insurance product will have a competitive advantage over centres that don’t, The Dominion president and CEO George Cooke said at the 20-20 Vision CARSTAR industry conference in Huntsville, Ontario. Cooke was speaking to CARSTAR franchise partners from across Canada. Cooke said his message was […]
By Canadian Underwriter | August 19, 2010
2 min read
CARSTAR’s Care Centre, a call centre for assigning claims to CARSTAR locations, has enabled the development of a cross-border claims management program.”There is a lot of demand from our insurance partners for a U.S. claims solution, with CARSTAR in Canada but also integrated with CARSTAR in the U.S.,” CARSTAR national account manager Bing Wong said […]
1 min read
Catlin Canada has pledged to donate $25,000 to the William H. McGannon Foundation.The official presentation will be made during the Risk and Insurance Management Society (RIMS) Canada Conference in Edmonton in September. During the conference, Catlin Canada staff members will also participate in the McGannon Foundation’s 7th Annual 5km Fun Run/Walk.The McGannon Foundation is an […]
By Canadian Underwriter | August 18, 2010
Ontario’s Superior Court has dismissed a motor vehicle claim on the basis that optional “underinsured” coverage is distinct from mandatory “uninsured coverage.”In Hammond v. State Farm Mutual, Keira Hammond was an infant pedestrian along with three others when was struck in 1997 by a vehicle owned by a man referred to in the judgment as […]
September 2010 marks the 100-year anniversary of the Peterborough Insurance Brokers Association.The original agreement for the association was signed into effect on Sept. 15, 1910, by T. E. Bradburn, John Crane, W. H. Thompson, W. H. Hill, Thomas Mark, W. Might, W.A. Taylor and C. Young. These local brokers (then agents) met and put into […]
Identifying a discrepancy in a police report to be a legal “misnomer,” an Ontario judge added a defendant to an action in spite of the expiry of the statute of limitations.In Sorokataya v. Keith, a modified police report created a controversy over the owner of a vehicle involved in a May 2007 motor vehicle collision. […]
By Canadian Underwriter | August 17, 2010
ICBC reported a decrease in net income in the first half of 2010, from $277 million in 2009 H1 to $232 million.Claims and related costs for the first six months of 2010 increased slightly to $1.48 billion, from 2009 H1’s $1.46 billion.”The number of vehicle damage claims has dropped due to our customers’ smart driving […]
RSA has confirmed in “a response to press speculation” that it did in fact propose to acquire Aviva’s Canadian, UK and Irish general insurance business for £5 billion in cash.In a separate public statement released on the same day, Aviva plc confirmed its board of directors rejected the deal, in part because it felt the […]
Companies identifying their supply chain exposures should beware of financial risks caused by the collapse of banks, RBC points out in an article entitled What is available to help me manage risks through the entire supply chain?The article identifies a number of risk exposures related to finance, markets, business, operations and internal systems, and lays […]
By Canadian Underwriter | August 16, 2010
Desjardins Group’s property and casualty insurance segment reported a net income of $28 million in 2010 Q2, unchanged from 2009 Q2.The segment’s total income for the first half of 2010 was $765 million, up $14 million compared to 2009 H1, due to an increase in the number of policies issued and a higher average premium.”This […]
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