Industry
Fresh on the heels of tripling its minor injury cap from $2,500 to $7,500, the Government of Nova Scotia has launched an independent review of the province’s automobile insurance system.The government said the mandate of the review is to “ensure Nova Scotians have access to appropriate coverage and premiums that are fair, stable and affordable.””The […]
By Canadian Underwriter | December 3, 2010
1 min read
Claims
Alberta’s Superintendent of Insurance announced a series of legislative changes extending the liability cap of $1 million that exists for rental and leasing companies to people selling or financing vehicles through formal arrangements. The legislative changes come into force on March 1, 2011. They will: The legislative changes come under sections 12, 13 and 14 […]
2 min read
SUV bumpers that don’t line up with those on cars can increase the severity of a claim in what should be a minor collision in stop-and-go traffic, reports the Insurance Institute for Highway Safety (IIHS).Car bumpers line up reasonably well and are more likely to engage during low-speed collisions to absorb energy and prevent damage, […]
Windstorm scenarios outlined in the most recent Solvency II quantitative impact study (QIS5) are roughly in line with loss estimates produced by the major vendor models, Guy Carpenter reports.In Solvency II Update: QIS5 Windstorm Scenarios are Within Range of Industry Models, experts at Guy Carpenter compare loss estimates under the QIS5 loss scenarios to those […]
By Canadian Underwriter | December 2, 2010
XL Insurance has promoted Bob Shine to chief underwriting officer of North America Property & Casualty. Shine most recently served as the chief casualty underwriting officer. His responsibilities have expanded to include underwriting oversight across all of XL Insurance’s property and casualty lines in Canada and the United States. He is based in New York.Prior […]
Updating and retrofitting old buildings – including schools, hospitals and other public buildings – and investing in the upgrade of aging public infrastructure are among several priorities listed in preparation for an earthquake in Canada, according to a new study by the Institute for Catastrophic Loss Reduction (ICLR).Lloyd’s sponsored the ICLR report, entitled Reducing the […]
XL Insurance Company’s Canadian branch launched two new products offering cyber-liability protection for Canadian businesses.XL Eclipse offers the following coverages under one policy form: XL EclipsePro offers the above cyber-liability coverages. In addition, it incorporates technology Errors and Omissions (E&O) to address the professional liability needs of technology products and service providers.”Technology is a significant […]
The Economical Insurance Group (TEIG) has been named Gold Winner of the 2010 Waterloo Region Record Readers’ Select Award in the category of best insurance company.The annual awards event recognizes Waterloo Region businesses that consistently provide excellence in client service while maintaining a sustained commitment to community stewardship.”This recognition underlines the incredible work our staff […]
Ninety-two semi-finalists from across Canada are still in the running to receive money from the insurer’s $1-million Aviva Community Fund.Created by Aviva Canada, the fund is offering $1 million in donations to support community initiatives across the country. Canadians have submitted more than 2,200 ideas and cast more than 1 million votes online for projects […]
The Winnipeg Auto Theft Suppression Strategy (WATSS) has received two awards from the International Association of Chiefs of Police (IACP).The first award, The Webber Safety Award for Quality in Law Enforcement, is presented in recognition of efforts promoting a standard of excellence that exemplifies law enforcement’s contribution and dedication to the quality of life in […]
By Canadian Underwriter | December 1, 2010
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
