Industry
Ontario’s insurance brokers should be establishing procedures for educating all of their clients about Ontario’s upcoming auto insurance reforms, according to the Ontario Auto Reform 2010 Best Practices Guideline posted by the province’s broker regulator.The Registered Insurance Brokers of Ontario (RIBO) says these procedures would include a number of elements:•Sending out the province’s ‘More Choice […]
By Canadian Underwriter | June 10, 2010
2 min read
Claims
A long-term trend toward higher natural catastrophe costs is continuing, according to Munich Re. The first few months of 2010 were marked by a significantly large number of natural catastrophes, in contrast to 2009 with substantially lower natural catastrophe losses than in preceding years, Munich Re noted. These 2010 Q1 catastrophes included the earthquake in […]
Quebec’s Superior Court has confirmed that plaintiffs launching oppression actions against company board members bear a “considerable” burden of proof to prove their thwarted expectations were “reasonable.” Ogilvy Renault made the observation in an online published comment on Brassard c. Forget, decided in the Quebec Superior Court in April 2010.The case involved Clemex Technologies Inc., […]
By Canadian Underwriter | June 9, 2010
RSA and the World Wildlife Fund (WWF) are working together to help create a network of Marine Protection Areas (MPAs) in order to protect fish stocks and coastal communities’ livelihoods.In a global report on emerging environmental risks, RSA notes a correlation between the health of the Canadian fishing industry and the number of marine insurance […]
1 min read
Insurance companies and independent adjusters have been deployed to handle claims caused by an F1 tornado that hit Leamington, Ontario on June 6. RSA has its Emergency Claims Response Vehicle on scene in Leamington assisting customers with claims. “Members of RSA’s claims team arrived in Leamington Sunday evening in the claims response vehicle – literally […]
Burglaries peak in the summer months, with a 4% increase in June, 9% in July and 20% in August, according to Aviva Canada claims data. The number of break-ins increases towards the end of week, the company notes. Friday has the highest number of thefts, with a 28% higher chance of a burglary on Friday […]
Crawford & Company (Canada) Inc. has launched Crawford CMS Property Advantage in Canada. The new system uses tablet and wireless technology, allowing adjusters to complete site visits and subsequent reports right at the claims scene. More then 300 tablets will be deployed across the Canadian branches of Crawford. “The Advantage system gives Crawford a truly […]
Stanley Griffin, a former president and CEO of the Insurance Bureau of Canada (IBC), suggests the damage caused by an F1 tornado that hit his hometown of Leamington, Ontario on June 7 might run into “tens of millions of dollars.”No official estimates are available yet, as the number of claims has yet to be tallied.Griffin […]
By Canadian Underwriter | June 8, 2010
Global Special Risks (GSR), a wholesale insurance broker and managing general agent, has established a Canadian presence with the opening of an office in Calgary, Alberta.Selena Halasz will head the new office. She was most recently with Aon Reed Stenhouse’s Energy Practice Group. “We are extremely pleased to establish a permanent presence in Canada and […]
Carstar will host its 7th Annual ‘Soaps it Up for Cystic Fibrosis National Car Wash’ on June 12.Participating Carstar franchises across North America will shine up vehicles for a minimum donation of $5.00. Proceeds will be donated to the Canadian Cystic Fibrosis Foundation. The organization hopes to raise $100,000 through the event.To date, Carstar, its […]
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