Industry
A.M. best has affirmed ratings for Hamilton, Ont.’s Old Republic Insurance Company of Canada. The insurance company has a financial strength rating (FSR) of “A” (excellent) and issuer credit rating of “a.” Best also affirmed ratings for various other United States subsidiaries of Old Republic International Corp (ORI), based in Chicago. “The ratings of Old […]
By Canadian Underwriter | September 28, 2012
1 min read
Claims
The Ontario Court of Appeal has found in favour of a woman claiming catastrophic impairment from her insurer, Aviva Canada, overturning a lower court’s decision. Pastore v. Aviva Canada Inc. concerns a woman who was injured after being hit by a car while walking in November 2002. Her left ankle was broken during the accident […]
2 min read
insPRESS
Burns & Wilcox Canada is pleased to announce that Mei Han, CIP, MBA and Nicole Abraham, BA, CIP, CRM have joined the company, adding significant experience and enhancing the abilities of the Burns & Wilcox Canada team as it expands in key Canadian markets. Mei Han joins the team as a Commercial Insurance Underwriter and […]
By Canadian Underwriter magazine | September 27, 2012
3 min read
Climate change and effects from carbon emissions are costing the world 1.6% of its annual gross domestic product, or about $1.2 trillion, a new report suggests. That will double to 3.2% by 2030 if the world fails to act on climate change, says the Climate Vulnerability Monitor report by non-profit DARA and the Climate Vulnerable […]
By Canadian Underwriter | September 27, 2012
EagleEye Analytics has expanded its Canadian business by hiring an insurance industry executive to lead business development here. Stephen Halfpenny is based in Toronto and has been working in the industry for more than 35 years. He has held executive positions in underwriting, marketing and claims at American Reinsurance Company, Munich Re Canada and the […]
Impact Auto Auctions is pleased to announce the opening date for the new Impact Toronto facility located at 535 Wentworth Street in Oshawa, Ontario. The new location will be open and accepting assignments on October 9, 2012 with auction sales beginning in mid-November. Auction sale dates will be announced in the near future. “All of […]
The general public can now have a virtual view of the Great Barrier Reef, as part of a climate change research project sponsored by specialty insurer and reinsurer Catlin Group Ltd. The Catlin Seaview Survey launched earlier this month off the Australian coast. The entire survey will include a series of undersea expeditions to study […]
Towers Watson has launched a new software offering for property and casualty pricing and underwriters, available globally. The new Radar software includes four products, the main offering being Radar Base. It allows for modelling and reporting for a variety of purposes, including portfolio monitoring, competitor rate analysis and business plan development. The tool also allows […]
Working as a body shop technician for many years, Bruno Muzzi fell in love with the idea of one day owning his own collision repair facility. What had once been Bruno’s dream, had become his reality in 1981 when he opened up Independent Auto Collision ~ CSN. For over 30 years now, Independent Auto Collision […]
By Canadian Underwriter magazine | September 26, 2012
If chief information officers (CIOs) at insurance companies had an extra $5 million in their budgets, most would target data and analytics as the top areas of spending, says a new report. Novarica, the research arm of consulting firm Novantas, posed the question to its insurer network of what they would do with an extra […]
By Canadian Underwriter | September 26, 2012
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