Industry
Opta Information Intelligence (Opta), a provider of Canadian property intelligence and technology solutions, introduced on Tuesday technology that embraces the industry trend toward predictive analytics, while “allowing insurers to take their commercial portfolio underwriting to a new level of sophistication.” The launch new tool, called Commercial Peril Score, provides the ability to identify commercial properties […]
By Canadian Underwriter | April 14, 2015
2 min read
The Nova Scotia Court of Appeal recently decided in favour of Royal & Sun Alliance Insurance Company of Canada when it ruled that a lower court erred in dismissing a motion for assessment of damages against an uninsured driver involved in a collision with RSA auto policyholders. The issue was whether damages in a subrogated […]
5 min read
COLORADO SPRINGS, Colo. – Officials are cleaning up after seven rail cars carrying dry ammonia fertilizer overturned in downtown Colorado Springs. About 70 residents in the city south of Denver were asked to remain indoors following the accident Sunday night. Powdered ammonia can cause burns to the skin and eyes or damage the lungs if […]
By Canadian Underwriter | April 13, 2015
1 min read
Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, is urging energy insurers to increase innovation and offer buyers a wider range of new products and services as underwriters face mounting competitive pressure, record capacity levels and reduced premium income. A combination of the recent collapse in oil prices, record capacity levels, relatively […]
3 min read
A recent study that concludes Ontario consumers “may have overpaid” $3 to $4 billion for auto insurance between 2001 and 2013 actually excluded the carriers with negative return on equity in Ontario auto, the Insurance Bureau of Canada and the Insurance Brokers Association of Ontario (IBAO) suggest. On April 10, the Ontario Trial Lawyers Association […]
Allstate Insurance Company has launched a distracted driving campaign in the United States geared at reducing the number of related deaths and injuries, as well as to encourage individuals to change dangerous behaviour at the wheel. Allstate last week launched the third annual national tour, which features its Reality Rides distracted driving simulator. The real, […]
TORONTO – Twenty-nine poultry farms in Ontario were under quarantine on Sunday after the Canadian Food Inspection Agency established an avian influenza control zone in the wake of the disease being found on a turkey farm in the province earlier this month. The agency had said last week that H5 avian influenza was found on […]
A bill currently before the Ontario legislature has “the potential to add to Ontario farmers’ options to manage risk and losses due to weather, pests, and disease,” an articling student for Miller Thomson LLP wrote this week in an article on the Lexology website. On March 11, Ontario MPPs voted to send Bill 40, the […]
By Canadian Underwriter | April 10, 2015
The Co-operators Group Limited announced on Friday that it has acquired the Premier group of companies. Premier’s management team, including CEO Troy Moreira, will remain in place and the company will operate as an independent entity as part of The Co-operators group of companies, The Co-operators said in a statement. “We are committed to preserving […]
Quebec-based La Capitale Civil Service Mutual announced on Thursday that it has achieved a consolidated net profit of $73.1 million, amid a business environment characterized by persistent low interest rates and market volatility. A statement from the company said that this profit was an increase of 12.1%, one of its best results in the past […]
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