insPRESS
TORONTO, Ontario, Canada — May, 2012 — Keal Technology, software provider for Canadian insurance brokers, announces they are making available to insurers effective May 14th 2012 its Centre of the Study of Insurance Operations (CSIO) electronic document (eDoc) in CSIO XML format. “eDoc was identified as a priority by brokers in October 2011 at the […]
By Keal Technology | May 11, 2012
3 min read
Claims
A summary of submissions to the federal government on demutualization shows some important differences in viewpoints on how mutual property and casualty insurers should be allowed to become share companies. The Department of Finance received more than 80 submissions from a range of groups, including mutual companies, brokers, policyholders, employees and industry associations. In its […]
By Canadian Underwriter | May 11, 2012
2 min read
Here’s a quick math question for strata insurance experts: If there is a $50,000 policy deductible for each “occurrence” of illegal drug activity losses, and 29 out of 90 condo units in a single building are damaged because of marijuana grow-op activities, what is the total deductible? Is it a $50,000 deductible for one occurrence […]
Industry
Loss control managers now have access to an iPad app that provides another option for field inspectors using Risk Control Technologies Inc.’s RC inspection loss control solution. Users can complete their work in an offline state (if required), as well as leverage the native iPad tools such as the camera, GPS and touch-screen capabilities to […]
By Canadian Underwriter | May 10, 2012
1 min read
EGI Financial Holdings Inc.’s net income for Q1 2012 rose 25% over the same period in 2011, largely in response to the numbers of written premiums and investment income. The company witnessed a 42% increase in written premiums in Q1 2012 compared with Q1 2011, rising to 43,939 from 30,850. The numbers translated to a 4.5% […]
British Columbia’s public auto insurer, the Insurance Corporation of B.C. (ICBC), has committed to consulting with the province’s brokers about a proposed shift to risk-based auto insurance pricing. The move represents one peg of ICBC’s much broader plan to modernize its service model over the next six to eight years. ICBC’s commitment is contained in […]
The auto insurance industry may suffer a steep decline if technology that reduces the frequency and severity of car accidents is widely adopted, concludes a new study by research firm Celent. The research points to four specific types of technology — telematics, collision avoidance, automated traffic law enforcement and, to a lesser degree, robotic vehicles […]
The Insurance Brokers Association of Alberta (IBAA) intends to import Ontario’s forthcoming broker mobile application technology to its home province. “At our annual general meeting [on May 6-9], our members definitely voted to be one of the first to sign up for this application, which seems to be what the future holds,” said Scott Treasure, […]
Nova Scotia brokers are tired of playing the role of a “regulator” when it comes to policyholders’ oil tanks, and want oil companies to assume responsibility for properly maintaining the tanks. “We seem to be the regulator,” Richard Bishop, president of the Insurance Brokers Association of Nova Scotia (IBANS), said at the annual general meeting […]
“One of Our Own” Needs our Support! We are pleased to host a charity event in support of a good friend and tireless supporter of the League. As many of you are aware, Kadey Schultz’s son Emery was recently diagnosed with Duchenne Muscular Dystrophy. All proceeds will go to The Biggar Endowment for Muscular Dystrophy […]
By Canadian Underwriter magazine | May 10, 2012
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