Industry
Embracing transformational change in the commercial insurance industry is crucial to carriers’ long-term success, John Hennessy, president and chief operating officer of CNA Canada, suggested last week during a presentation at the Insurance Institute of Ontario’s “At the Forefront” event in Toronto. “We definitely are at a point in time where we have to understand that […]
By Canadian Underwriter | March 29, 2015
3 min read
HALIFAX – An Air Canada plane skidded off a runway as it landed early Sunday morning in a snowstorm in Halifax, an airport official said, sending 23 people to hospital after passengers described the jet sliding on its belly before it came to a stop. There were 133 passengers and five crew members aboard flight […]
6 min read
A York Regional Police (YRP) officer has pleaded guilty to a charge of “knowingly making a false or misleading statement or representation to an insurer” under the Insurance Act, the police force revealed on Thursday. On Tuesday, Const. Stuart Coleman entered his plea under section 447 1(a) of the act in the Ontario Court of […]
By Canadian Underwriter | March 27, 2015
1 min read
“Data is a major enabler in innovation in new products and markets,” demanding that mutuals commit to developing a data strategy, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday. Mutuals must continue to make investments in data-based systems that allow use of analytical tools, continue to work together to […]
By Canadian Underwriter | March 26, 2015
Munich Reinsurance America, Inc. announced on Thursday that it had joined the University of Michigan’s Mobility Transformation Center (MTC) Affiliates Program — part of a major research partnership of industry, government, and academia that is exploring a commercially viable system of connected and automated vehicles. “We are excited to be a part of this initiative, […]
2 min read
The Lloyd’s market had a result for the financial year before tax of £3.161 billion, down 1.4% from £3.205 billion in 2013, while the gross amount of claims paid dropped 8.1%, from £13.086 billion in 2013 to £12.028 billion in 2014, Lloyd’s of London said Wednesday in its annual report for the market. The Lloyd’s market […]
4 min read
A newly released IT survey has ranked virtualization – the creation of a remote and often shared (rather than local and owned) technology resource, such as a server, data storage, platform or application – as the most significant technology-related priority for 2015. Global consulting firm Protiviti’s 2015 IT Priorities Survey, titled Today’s Enterprise – Cyberthreats […]
RALEIGH, N.C. – America’s railroads want five more years to stop train wrecks using a high-tech system costing more than $9 billion. An Amtrak train slammed into a tractor-trailer in North Carolina this month, injuring 55 people. But experts tell The Associated Press that it won’t keep trains and trucks from crashing together unless both industries use […]
By Canadian Underwriter | March 25, 2015
5 min read
Quebec’s brokerage industry is the driving model for damage insurance, said a new study released on Wednesday. The study was sponsored by BMO Bank of Montreal and carried out by firm Raymond Chabot Grant Thornton (RCGT). Senior executives with Quebec’s broker association, the Regroupement des cabinets de courtage d’assurance du Québec (RCCAQ) commissioned RCGT to […]
The Insurance Bureau of Canada (IBC) is applauding proposed requirements in Alberta – which received the green light in the provincial legislative assembly Tuesday – that seek to curb distracted driving by beefing up fines and penalties for texting while behind the wheel. Bill 204, the Traffic Safety (Distracted Driving Demerit) Amendment Act, 2014, was […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
