Claims
Capacity levels for energy risks have increased by approximately 5%, based on little or no withdrawals from the energy insurance market in January 2009, the latest Energy Market Review from Willis has found.”With capacity levels up at the start of 2009, the energy insurance market remains relatively stable, despite insurers seeking rate increases and the […]
By Canadian Underwriter | March 4, 2009
1 min read
Industry
The Insurance Brokers Association of Ontario (IBAO) has launched the Future Leaders Program. It was developed specifically to address the competencies needed by aspiring brokerage owners/leaders based on direct input from the Young Broker Council members, successful broker principals and insurance companies. The program is completed over an 18-month period and is divided into two […]
The first guide in Québec to deal with managing the risks associated with synthetic nanoparticles has been jointly published by Institut de recherche Robert-Sauvé (IRSST), the Commission de la santé et de la sécurité du travail (CSST) and NanoQuébec.The guide sets out a prevention strategy appropriate to workers and researchers who use, manufacture or synthesize […]
By Canadian Underwriter | March 3, 2009
2 min read
Directors’ and officers’ liability insurance costs for the S&P Financials Sector increased 50% in 2008 Q4 compared to 2007 Q4, according to the Quarterly D&O Pricing Index released by Aon Corporation’s Financial Services Group.The Index shows the average price for US$1 million in coverage limits increased 3.15% in 2008 Q4, compared with the prices in […]
In a move intended to make Saskatchewan roads safer, SGI has increased by 400% the financial penalty for Criminal Code driving-related offences resulting in injury or death. The policy change to the Safe Driver Recognition program raises the financial penalty from Cdn$500 to Cdn$2,500. The Safe Driver Recognition program is an incentive program that offers […]
A.M. Best Co. is maintaining a stable outlook in 2009 for both the global reinsurance sector and the U.S. personal lines sector.The ratings agency listed factors that support its reinsurance sector outlook, including: • sound underlying operating earnings generated over the most recent timeframe;• demonstrated underwriting discipline; and• the risk-adjusted capital adequacy of the segment […]
The Insurance Brokers Association of Ontario (IBAO) will be launching a new monthly publication, The Ontario Broker, in April. The new publication will replace the IBAO News and will be a full-colour, 16-page magazine.The magazine will focus on important issues affecting IBAO’s membership, as well as recent activities of the association’s various committees. It will […]
By Canadian Underwriter | March 2, 2009
The Canadian Collision Industry Forum (CCIF) is supporting a private member’s bill before the House of Commons that would oblige vehicle manufacturers to provide independent repairers access to tools, training and diagnostic information.”In Canada, certain vehicle manufacturers are denying [independent repairers] access to the tools, training and diagnostic information required to carry out repair and […]
The introduction of speed limiters for trucks set at 105 km-h increases safety for all geometric highway configurations, especially straight highways, a report for the federal transportation department says.The basic aim of the study, posted on Transport Canada’s Web site, is to assess the safety implications of mandating speed limiters for large trucks (weight greater […]
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