Industry
Desjardins General Insurance (DGI) has launched an iPhone application (app) that allows consumers to obtain a tenant insurance quote.This makes DGI the first Canadian insurer to offer an iPhone app to get a complete tenant insurance quote, a DGI release says.To obtain the app, go to www.fortenants.mobi. The tenant quote is also available on the […]
By Canadian Underwriter | June 14, 2010
1 min read
Swiss Re has increased its insured losses resulting from the Chile earthquake to $630 million.The reinsurer forecasted a loss of $500 million in March 2010.”The new estimate reflects more specific information from clients on actual damage to individual properties and businesses,” Swiss Re said in a release. “The final cost remains subject to change.” At […]
Ontario’s insurance regulator, the Financial Services Commission of Ontario (FSCO), has posted its new Minor Injury Guideline (MIG), a key pillar of the province’s proposed new auto insurance reform package.The MIG will apply to accidents that occur on or after Sept. 1, 2010, when the province’s new auto insurance reforms are introduced.The MIG defines a […]
2 min read
A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of Transportation Property and Casualty Company Inc. (TPCC). The outlook for both ratings for the British Columbia-based company is stable.A.M. Best says the rating is based on the company’s “excellent capitalization and operating performance and its favorable profile as part of public transportation […]
Two Canadian insurers are among four Canadian businesses and organizations that have been recognized for their best-in-industry proactive approach to pandemic preparedness.Criteria for the first annual APEX Award for Pandemic Planning Excellence includes corporate governance, recovery objectives, planning assumptions, human resource pandemic policies, pandemic triggers and escalation, ongoing monitoring and reporting, pandemic awareness and communications, […]
By Canadian Underwriter | June 11, 2010
Kanetix launched a mobile auto insurance quote comparison service compatible with most new smart phones.The service is currently available to drivers seeking Ontario auto insurance quotes.The mobile site integrates many of the features and functionality present on kanetix.ca, all formatted for mobile use, a Kanetix release says.It allows auto insurance consumers to use their smart […]
Manitoba Public Insurance (MPI) has proposed a 4% overall average rate decrease for auto insurance rates next year. This is in addition to providing customers with a $92-million rebate in the spring. The 12.9% rebate would amount to roughly $115 per vehicle. MPI submitted its application to the Public Utilities Board on June 11. This […]
Ontario’s broker regulator is cautioning brokers who are about to sell the province’s new auto insurance product about ‘negative option billing,” which is illegal in Ontario. Specifically, RIBO’s Ontario Auto Reform 2010 Best Practices Guideline observes that a number of Ontario’s new auto insurance options contain “buy-back options.” For example, after Ontario’s auto insurance reforms […]
By Canadian Underwriter | June 10, 2010
Ontario’s insurance brokers should be establishing procedures for educating all of their clients about Ontario’s upcoming auto insurance reforms, according to the Ontario Auto Reform 2010 Best Practices Guideline posted by the province’s broker regulator.The Registered Insurance Brokers of Ontario (RIBO) says these procedures would include a number of elements:•Sending out the province’s ‘More Choice […]
Quebec’s Superior Court has confirmed that plaintiffs launching oppression actions against company board members bear a “considerable” burden of proof to prove their thwarted expectations were “reasonable.” Ogilvy Renault made the observation in an online published comment on Brassard c. Forget, decided in the Quebec Superior Court in April 2010.The case involved Clemex Technologies Inc., […]
By Canadian Underwriter | June 9, 2010
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