Industry
Insurance companies and independent adjusters have been deployed to handle claims caused by an F1 tornado that hit Leamington, Ontario on June 6. RSA has its Emergency Claims Response Vehicle on scene in Leamington assisting customers with claims. “Members of RSA’s claims team arrived in Leamington Sunday evening in the claims response vehicle – literally […]
By Canadian Underwriter | June 9, 2010
1 min read
Burglaries peak in the summer months, with a 4% increase in June, 9% in July and 20% in August, according to Aviva Canada claims data. The number of break-ins increases towards the end of week, the company notes. Friday has the highest number of thefts, with a 28% higher chance of a burglary on Friday […]
Crawford & Company (Canada) Inc. has launched Crawford CMS Property Advantage in Canada. The new system uses tablet and wireless technology, allowing adjusters to complete site visits and subsequent reports right at the claims scene. More then 300 tablets will be deployed across the Canadian branches of Crawford. “The Advantage system gives Crawford a truly […]
Global Special Risks (GSR), a wholesale insurance broker and managing general agent, has established a Canadian presence with the opening of an office in Calgary, Alberta.Selena Halasz will head the new office. She was most recently with Aon Reed Stenhouse’s Energy Practice Group. “We are extremely pleased to establish a permanent presence in Canada and […]
By Canadian Underwriter | June 8, 2010
Carstar will host its 7th Annual ‘Soaps it Up for Cystic Fibrosis National Car Wash’ on June 12.Participating Carstar franchises across North America will shine up vehicles for a minimum donation of $5.00. Proceeds will be donated to the Canadian Cystic Fibrosis Foundation. The organization hopes to raise $100,000 through the event.To date, Carstar, its […]
Alberta’s commercial beekeepers have a June 20 deadline to sign on to the province’s Overwintering Insurance Program.The program provides coverage for the loss of bees in excess of normal losses resulting from naturally occurring perils beyond management control. Eligible perils include adverse weather, disease and pest infestations.Commercial beekeepers with more than 100 hives and registered […]
By Canadian Underwriter | June 7, 2010
The 2010 football World Cup will be insured for an estimated £6.2 billion (Cdn$9.5 billion) when it kicks off in less than a week. About half of that sum is related to stadiums built or refurbished for the tournament being held in South Africa.”The stadiums have…been the subject of much scrutiny, with major renovations having […]
Marsh & McLennan Companies Inc. (NYSE: MMC) is selling its risk consulting subsidiary company, Kroll Inc., to Altegrity Inc. for $1.13 billion in cash.Altegrity is an international screening and security solutions company owned by Providence Equity Partners, a global private equity firm specializing in equity investments in media, entertainment, communications and information companies.The transaction is […]
Insurers applying for and receiving auto rate reductions prior to Ontario’s reform implementation may be creating an unrealistic consumer expectation that auto insurance rates are now on the decline, Kevin McNeil, president and CEO of Gore Mutual said.McNeil spoke at the Young Brokers Council Annual Conference in Toronto on June 4.”One area I am worried […]
By Canadian Underwriter | June 4, 2010
Willis Group Holdings has described the Deepwater Horizon offshore oil rig explosion as a market-changing event that is expected to harden the upstream and reinsurance markets.”Even though a large portion of the Deepwater Horizon loss, which could amount to US$20 billion to $30 billion, is understood to be self-insured, [Willis] estimates that total claims to […]
2 min read
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