Claims
New Brunswick is the latest province to introduce legislation combating distracted driving, prompting the praise of Insurance Bureau of Canada (IBC).New Brunswick’s proposed law would prohibit, while driving, the use of any electronic device with a display screen, communication device or entertainment device that is not firmly attached to a vehicle’s dashboard.”Insurers welcome the new […]
By Canadian Underwriter | November 24, 2010
1 min read
Industry
The Dominion of Canada General Insurance Company renewed its agreement as an official supplier of the Canadian Curling Association through the 2013-14 season.The Dominion has been an official supplier of the CCA since 2005, and is also the title sponsor of more than 24 curling championships, organizations and fundraisers at the national, provincial and club […]
A man who fractured his neck while attempting to do a headstand on a “stripper pole” in a luxury limousine coach was injured as a result of an “accident,” an Ontario arbitrator has ruled, and is therefore entitled to accident benefits.Daniel Whipple was catastrophically injured in June 2009 while returning home in a luxury limousine […]
2 min read
Standard & Poor’s Ratings Services has revised its outlook on XL Group Ltd. and its subsidiaries to ‘Stable’ from ‘Negative.’Standard & Poor’s also affirmed its ‘A’ counterparty credit and financial strength ratings on XL Group’s core insurance subsidiaries and its ‘BBB+’ counterparty credit ratings on the holding companies.”The revision of the outlook to stable recognizes […]
CNA Canada has launched its improved and updated Oneworld Global Master Policy, providing coverage for Canadian-based business leaders that operate domestically or internationally. Oneworld is designed to offer customized coverages to insureds within CNA Canada’s core industry groups, including: construction, manufacturing, cyber risk, advanced medical technology, food processing, wineries and renewable energy. Oneworld offers:• broadened […]
Risk management has emerged from the financial crisis with greater authority and visibility, but a lingering, outmoded view of risk managers as mere compliance officers may be limiting the potential of the discipline, according to a recent Economist Intelligence Unit (EIU) report sponsored by ACE.The global survey canvassed the opinions of 500 senior executives and […]
By Canadian Underwriter | November 23, 2010
CARSTAR Automotive Canada announced its intention to build a 16,000-square-foot head office in Hamilton, Ontario during a special groundbreaking ceremony on Nov. 22.The facility will be called CARSTAR Vision Park, “reflecting the company’s vision to be the leader in the Canadian collision repair industry,” says a release.The new facility will be located at 1460 Stone […]
Winter tires are not mandatory in B.C., nor do they affect an insured’s insurance coverage or eligibility to make a claim, but ICBC still recommends their use.Driving without winter tires will not void your insurance in the event of a claim, nor does it mean you will be automatically at-fault for a crash, ICBC said […]
Western Financial Insurance Company, PetFirst Healthcare and Petfinder.com have joined efforts to begin offering Canadian pet owners flexible insurance coverage for their pets.Underwritten in Canada by Western Financial Insurance Company, PetFirst Healthcare offers dog and cat owners four different coverage plans for accidents and illness, with limits ranging from $1,000 to $20,000. “Pet insurance alleviates […]
The most recent International Accounting Standards Board draft contains fundamental changes that would alter existing Canadian P&C valuation methods and the way that insurers’ income is presented, PricewaterhouseCooper’s said in its Fall 2010 Insurance Review.The proposals are the result of the IASB and the Financial Accounting Standards Board’s joint efforts to develop a single converged […]
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