HR
RIMS, the risk management society, announced on Tuesday that Nowell R. Seaman will lead the society as its 63rd president for the 2017 term, which became effective Jan. 1. Seaman, RIMS-CRMP, FCIP, CRM, has been a member of RIMS for 21 years and on its board of directors for nine years, the society said in […]
By Canadian Underwriter | January 3, 2017
2 min read
Survey data indicates that more than three in four employees think there are good opportunities in the property and casualty industry, but more than one in four p&c professionals who left their jobs went into a different industry.
By Peter Hohman, President and Chief Executive Officer, Insurance Institute of Canada | January 2, 2017
5 min read
Tech
A recent survey of first-time homeowners indicates widespread frustration with insurers, including too many underwriting questions, lack of information in plain English and an inability to complete insurance transactions online.
By Daniel Shum, Partner and National Insurance Leader, Deloitte | January 2, 2017
6 min read
SAN FRANCISCO – Uber pulled its self-driving cars from California roads after state regulators moved to revoke their registrations, officials said Wednesday. The move comes after a week of talks between the ride-hailing company and state regulators failed. Hours after Uber launched the service in its hometown of San Francisco last Wednesday, the Department of […]
By Jason Contant | December 22, 2016
4 min read
The number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 36.4% from 26.5 million subscribers at the end of 2015 to 170.2 million subscribers at the end of 2021, according to Swedish market research firm Berg Insight. Gothenburg, Sweden-based Berg Insight – a machine-to-machine (M2M)/Internet of […]
By Canadian Underwriter | December 21, 2016
BlackBerry has announced the creation of the BlackBerry QNX Autonomous Vehicle Innovation Centre (AVIC). John Chen, executive chairman and CEO of BlackBerry Limited and Canadian Prime Minister Justin Trudeau unveiled AVIC on Monday. Housed within the BlackBerry QNX facility in Ottawa, the centre will “accelerate the realization of connected and self-driving vehicles by developing production-ready […]
By Canadian Underwriter | December 20, 2016
3 min read
The province of British Columbia has directed the Insurance Corporation of British Columbia’s (ICBC) board to commission a comprehensive, independent third-party review to look at a range of options and make recommendations that will “keep insurance rates affordable and align future rate increases with inflation.” In the interim, and for the coming year’s rate increase, […]
The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of Allied World Fairfax would own if third-party partners are brought in. Fairfax’s holdings include Toronto-based […]
By Canadian Underwriter | December 19, 2016
The personal automobile insurance industry in the United States is exhibiting signs of weakening underwriting and operating results, mainly driven by rising loss ratios, according to a new A.M. Best special report. A.M. Best reached this conclusion in its report, released on Monday, despite the fact that the U.S. personal auto insurance industry experienced net […]
Operations
BISMARCK, N.D. – Three years and three months later, a massive oil spill in North Dakota still isn’t fully cleaned up. The company responsible hasn’t even set a date for completion. Though crews have been working around the clock to deal with the Tesoro Corp. pipeline break, which happened in a wheat field in September […]
By Jason Contant | December 18, 2016
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