Claims
DNA testing, CSI-style, ferreted out a fraud scheme in which a Manitoba driver vehemently denied crashing his car, causing his airbag to deploy.The attempted fraud made the top of Manitoba Public Insurance (MPI)’s Top 5 frauds of 2010.The vehicle owner was adamant his vehicle had been stolen, despite a statement to the contrary by an […]
By Canadian Underwriter | December 20, 2010
2 min read
Industry
Hub International Limited (Hub) has acquired the assets of Leeds Insurance Brokers Inc. (Leeds), a Toronto, Ontario-based insurance brokerage firm. Terms of the acquisition were not disclosed. The Leeds operations will become part of HKMB Hub International Limited (HKMB Hub). Leeds is a full-service insurance brokerage with niche expertise in several industries, including hospitality and […]
1 min read
First Dimension Engineering, which has been operating as a Division of Rochon Engineering for the past five years, is now officially changing its name to Rochon Engineering.”It’s not a new company, we’re just adopting our corporate name,” Rochon Engineering announced in a statement.First Dimension, now Rochon, will retain the same people and work at the […]
The rising cost of living, climate change and damage to the natural environment are the Top 3 risks keeping Canadians awake at night, according to a global RSA survey.Rounding out the Top 5 risks that concerned Canadians were cancer and speeding/traffic/dangerous drivers.Canadians, according to the survey conducted by The Futures Company, put disproportionately more weight […]
Already battered by flooding in Fredericton and the southwestern part of the province, New Brunswick is in for more severe weather, warns Environment Canada.A major low-pressure system south of Nova Scotia will bring a mix of precipitation and strong winds over Dec. 20 and 21.Rainfall of between 25 and 60 millimetres can be expected in […]
Flooding in China during the summer of 2010 – the worst since 1998 – resulted in an estimated $52-billion economic loss, but insured losses are only approximately 1% or 2% of that total, Guy Carpenter reports.Twenty-five rivers in China flooded during the summer months, triggered by an unusually severe monsoon season, Guy Carpenter reported in […]
Insurers need to improve communication with collision repair shops, according to Bodyshop Magazine’s annual audit of the insurance industry.Bodyshop surveyed 135 owners, presidents or managers of repair shops in Canada about their opinions of the 28 insurers – private and public – with the largest shares of auto business. Shop owners graded the insurers on […]
By Canadian Underwriter | December 17, 2010
Manitobans with a solid driving record will be eligible to receive a discount of up to 33% off of their Basic Autopac policies, effective Mar. 1, 2011.A Manitoba Public Utilities Board ruling requires MPI to make changes to its Driver Safety Rating (DSR) to benefit drivers with a good record. The DSR is a 32-level […]
ICBC and its employees raised more than $1 million for the United Way and other registered charities, making the 2010 campaign the insurer’s most generous ever.This year, employees donated more than $800,000. In addition, ICBC gifted $200,000 through the corporation’s new matching funds program for United Way to support initiatives for school-aged children and seniors.The […]
Perth County Council approved a 54% increase to its 2011 municipal insurance premium, which rose to $445,056.The Council tendered an RFP to handle its municipal insurance in late November. Only two municipal insurers – Frank Cowan and the Ontario Municipal Insurance Exchange (OMEX) – made the Dec. 14, 2010 deadline.A representative of Frank Cowan Insurance […]
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