Industry

First annual Watershed Awards announced

The City of Edmonton has received the first annual national Watershed Award, offered jointly by the Insurance Bureau of Canada (IBC) and the Federation of Canadian Municipalities (FCM).The Watershed Awards recognize Canadian municipalities that take pro-active measures to reduce their vulnerability to storm and wastewater damage.The City of Edmonton received recognition on May 29 for […]

By Canadian Underwriter | June 1, 2010

1 min read

The Co-operators introduces discount for LEED certification

The Co-operators has introduced a 10% insurance discount for dwellings that are Leadership in Energy and Environmental Design (LEED) certified. The discount, in conjunction other sustainable products and services such as discounts for hybrids, is intended to encourage and reward environmentally responsible behaviour among customers. Two members of  The Co-operators group of companies already offer […]

By Canadian Underwriter | June 1, 2010

1 min read

Claims (June 01, 2010)

SUPREME COURT EFFECTIVELY UPHOLDS NOVA SCOTIA’S MINOR INJURY CAP The Supreme Court of Canada has effectively upheld Nova Scotia’s $2,500 cap on minor auto injury claims. The Supreme Court on May 27 dismissed leave to appeal a December 2009 decision by the Nova Scotia Court of Appeal that confirmed the constitutionality of the province’s minor […]

May 31, 2010

1 min read

Canadian Market (June 01, 2010)

CANADA’S P&C INDUSTRY DESCRIBED AS OVER-CAPITALIZED AND UNDERPERFORMING The Canadian property and casualty industry is over-capitalized and reporting low returns on investment, thus mitigating against the investment of new capital into the industry, said Philip Cook, CEO of Omega Insurance Holdings. Cook spoke as a panel member at the Property and Casualty Underwriters’ Club (PCUC) […]

May 31, 2010

2 min read