Industry
Quebec’s Joint Report — a report used by drivers to report collisions in which no one was hurt — has been in existence for 30 years, but only 28% of the province’s drivers have used it. A poll commissioned by Insurance Bureau of Canada shows that 67% of respondents are familiar or very familiar with […]
By Canadian Underwriter | November 17, 2009
2 min read
Aviva Canada sees an average increase of more than 38% in claims during the winter months compared to the rest of the year. A result of weather-related incidents, slippery roadways and white-out conditions accounted for more than Cdn$38.5 million in auto-collision claim payments for Aviva Canada between December 2007 and February 2008. The first snowfall […]
1 min read
Forty-two per cent of Canadian property and casualty companies that use credit-based insurance (CBI) scores — representing 17% of market share — do not disclose an adverse affect of the CBI scores to policy applicants or policyholders, according to a survey done for the Canadian Council of Insurance Regulators (CCIR).In addition, 68.4% of the 19 […]
By Canadian Underwriter | November 16, 2009
Pembridge Insurance Company has announced a joint venture with Brovada Technologies that is intended to offer real-time transactions aimed at improved connectivity with brokers and more efficient broker workflows.“Pembridge has listened to the concerns of independent insurance brokers to become one of the first insurers that doesn’t require the use of a portal,” the company […]
Local storms account for more than 60% of wind damage and Cdn$200 million annual losses each year, said Horia Hangan, a professor at the University of Western Ontario and the lead investigator of the WindEEE Dome.Hangan delivered a seminar on the development of the WindEEE Dome and the advancement of wind engineering on Nov. 13, […]
By Canadian Underwriter | November 13, 2009
As the Health Claims for Auto Insurance (HCAI) pilot is re-launched, so too has the newly updated information site — www.hcaiinfo.ca. During the last rollout, the site did exist, but was only intended to be used as an update to the HCAI project and not as a training tool, Allison Brand, senior business advisor with […]
David Koa has been appointed executive vp, sales and marketing for McLarens Canada.Koa will also be responsible for the sales and marketing of Granite Global Solutions Inc. of which McLarens Canada is one of six member companies.Koa holds more than 25 years experience in senior management roles and has developed and managed sales and marketing […]
ICBC’s net income for the first nine months of 2009 was Cdn$422 million, down Cdn$15 million from the same period last year.Total claims and expenses increased from Cdn$2.6 billion in the first nine months of 2008 to Cdn$2.7 billion in the first three quarters of 2009.Underwriting income dropped from Cdn$152 million in the first nine […]
By Canadian Underwriter | November 12, 2009
Insurance adjusters will be centre stage when Showcase, a Canadian network, airs its first-ever, hour-long commissioned drama series Cra$h & Burn.Premiering on Nov. 18 at 9 p.m. (eastern/pacific time), the series follows the life of “street-wise” insurance adjuster Jimmy Burn, played by Luke Kirby, “as he navigates the crooked corporate world of big insurance while […]
After almost 17 years of sharing the management responsibilities for both the Insurance Councils of Saskatchewan (ICS) and the Insurance Brokers’ Association of Saskatchewan (IBAS), Ernie Gaschler will now begin devoting his entire time and energy to the activities of IBAS. Gaschler is currently the executive director of IBAS.”The ICS wishes to express its appreciation […]
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