Industry
Canadians appear to be very wary of using their mobile devices for making online purchases and conducting financial transactions, according to KPMG.In its report, Consumers & Convergence IV survey, KPMG compared the habits and concerns around the world regarding the use of mobile devices for conducting financial transactions.Only 19% of Canadians feel comfortable using their […]
By Canadian Underwriter | August 20, 2010
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Insurance companies can now validate lightning strikes using the lightning strike data archive launched by The Weather Network. In Canada, lightning is responsible for more than $5 billion in total insurance industry losses annually, The Weather Network reports. The archive of data is designed to help companies authenticate lightning strikes as a possible cause for […]
Chesterfield Canada Inc., a specialist independent wholesale broker, has launched home appliance and systems warranty covers. The new products serve as endorsements to standard buildings and contents policies. It’s designed to ease the worries surrounding moving into a newly purchased property, and the potential burden of suffering a breakdown or failure of large appliances.”We wanted […]
Canadian property and casualty insurance brokerages increased operating profitability by roughly 5% between 2007 and 2009, reports Berris Mangan Consulting Inc.In its study, Property & Casualty Insurance Brokerage Industry Report, Berris Mangan Consulting surveyed 285 Canadian P&C brokerages. In 2009, the average operating profitability of the sample stood at 30.6%, an increase from 2007’s 25.3%, […]
By Canadian Underwriter | August 19, 2010
Collision repair centres demonstrating a broad understanding of Ontario’s reformed auto insurance product will have a competitive advantage over centres that don’t, The Dominion president and CEO George Cooke said at the 20-20 Vision CARSTAR industry conference in Huntsville, Ontario. Cooke was speaking to CARSTAR franchise partners from across Canada. Cooke said his message was […]
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CARSTAR’s Care Centre, a call centre for assigning claims to CARSTAR locations, has enabled the development of a cross-border claims management program.”There is a lot of demand from our insurance partners for a U.S. claims solution, with CARSTAR in Canada but also integrated with CARSTAR in the U.S.,” CARSTAR national account manager Bing Wong said […]
Claims
The Ontario Court of Appeal has overturned a conviction of driving while disqualified because the Crown failed to link a licence suspension order with the offence that resulted in the suspension.In March 2005, David Suho Chuang was convicted of dangerous driving and received a two-year licence suspension. Once the suspension lapsed, Chuang failed to take […]
Inspection and loss control provider iv3 Solutions has merged with Canadian Underwriting Services (CUS).The merger creates the second largest provider of unique property information, inspection and loss control services in the Canadian property and casualty industry, with the goal of becoming North America’s largest inspection and property data services company within the next five years, […]
By Canadian Underwriter | August 18, 2010
Catlin Canada has pledged to donate $25,000 to the William H. McGannon Foundation.The official presentation will be made during the Risk and Insurance Management Society (RIMS) Canada Conference in Edmonton in September. During the conference, Catlin Canada staff members will also participate in the McGannon Foundation’s 7th Annual 5km Fun Run/Walk.The McGannon Foundation is an […]
Ontario’s Superior Court has dismissed a motor vehicle claim on the basis that optional “underinsured” coverage is distinct from mandatory “uninsured coverage.”In Hammond v. State Farm Mutual, Keira Hammond was an infant pedestrian along with three others when was struck in 1997 by a vehicle owned by a man referred to in the judgment as […]
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