Industry
Twenty-five per cent of students surveyed by the Centre for Addiction and Mental Health reported being a passenger in a car driven by a drunk driver, and 17% said they drive after smoking cannabis. These survey statistics are part of a new French-language campaign in Quebec called ‘Fini,’ launched by MADD Canada and Allstate Insurance […]
By Canadian Underwriter | December 7, 2009
1 min read
The Autorité des marchés financiers (AMF) has launched a program to audit compliance with the use of the Fichier central des sinistres automobiles (FCSA), an automobile claims database. The new program will come into effect on Jan. 1, 2010. Established in 1990, the FCSA contains information on all automobile insurance claims made by Québec drivers […]
Most vehicle owners in Manitoba will pay the same or less for auto insurance in 2010-11, Manitoba Public Insurance has announced. For 11 out of the last 12 years, MPI has held the line on basic Autopac rates, as approved by the Public Utilities Board (PUB). The approved rate application for 2010-11 means 333,290 passenger […]
Canadian property and casualty insurers reported a 24.7% drop in net income in the first half of 2009, to Cdn$1.1 billion, reported Swiss Re in its Canadian Property and Casualty Quarterly.Direct premiums written growth slowed to 1.4% in 2009 H1, down from 2.3% in the same period of 2008. Property premiums grew 3.8% during the […]
By Canadian Underwriter | December 4, 2009
The Toronto Financial Services Working Group (TFSWG) has recommended the establishment of a global institute for integrative risk management as part of a four-pillar strategy for turning the Toronto region into one of North America’s top five to seven financial centres.Commissioned by the TFSWG, The Boston Consulting Group published its Toronto Region Financial Services Strategy […]
2 min read
B.C. public insurer ICBC has teamed up with Vancouver police and B.C.’s solicitor general to launch the annual holiday Drinking and Driving CounterAttack campaign.The campaign will use automated licence plate recognition technology, alcohol screening devices and road checks to catch and charge impaired drivers. PPG’s MVP Business Solutions team announced its Green Belt training schedule […]
Etienne Dubé has returned to lead Aon Consulting Canada’s financial risk consulting (FRC) practice. He has been working out of the Montreal office since Nov. 23.The FRC practice offers customized strategic risk management and investment advice solutions, by identifying, quantifying and managing not only funding and investment risks, but all aspects of a client’s plan […]
Claims
Canada’s provincial regulators are asking foreign insurers to voluntarily sign a common undertaking on how they will conduct their business in the provinces in light of the implementation of the Office of the Superintendent of Financial Institutions (OSFI)’s Part XIII amendments.Insurers signing the undertaking agree to abide by its provisions, and to have the provisions […]
By Canadian Underwriter | December 3, 2009
About 120 Manitobans catastrophically injured in vehicle crashes have received a share of Cdn$14 million in additional benefits arising from Bill 36, enacted in October 2009.Bill 36 was first introduced in the spring to strengthen Manitoba’s Personal Injury Protection Plan (PIPP) and provide a clear definition of catastrophic injury.The bill also clearly establishes Manitoba Public […]
The Risk and Insurance Management Society (RIMS) strongly supports legislation that would form the first federal office of insurance in the United States.The proposed office would be the first centralized authority on insurance matters. It would enable the federal government to gain insurance expertise and speak with one voice on international insurance policy, a RIMS […]
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