Industry
Mitchell International, a provider of technology, connectivity and information solutions to the property & casualty claims and collision repair industries, has found that bodily injury (BI) claims payments in the U.S. are increasing faster than other lines of coverage, particularly for third-party claims. The finding was included in Mitchell’s Industry Trends Report Q1 2015, Casualty edition, […]
By Canadian Underwriter | March 9, 2015
2 min read
The Canadian Radio-television and Telecommunications Commission (CRTC) has issued its first notice of violation under Canada’s Anti-Spam Law (CASL), the CRTC announced on Thursday. The CRTC’s chief compliance and enforcement officer issued a notice of violation to Quebec-based Compu-Finder, which includes a penalty of $1.1 million, for breaking Canada’s anti-spam law, the CRTC said in […]
By Canadian Underwriter | March 6, 2015
Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, is reminding motorists that the three-month warning period for photo speed enforcement is coming to an end, with live ticketing starting on Sunday. “The goal of the photo speed enforcement pilot is zero tickets, zero crashes and zero fatalities,” said Andrew Cartmell, president and CEO […]
TORONTO – Authorities across Canada are awaiting test results from the U.S. before deciding what to do about thousands of safety devices with alleged defects that could cause guardrails to rip through cars and motorists instead of protecting them in crashes. In the interim, several provinces have stopped installing the units, which would cost tens […]
3 min read
RSA plans to launch telematics for auto insurance customers in Canada this year and spend about $300 million on updating its computer systems, though its overall strategy remains unchanged, RSA Canada officials suggested to brokers and reporters Thursday. “Our overarching strategy in Canada remains unchanged,” said Rowan Saunders, RSA Canada’s president and chief executive officer. […]
By Canadian Underwriter | March 5, 2015
Aon Benfield, a global reinsurance intermediary and capital advisor of Aon plc, has launched its Welcome to Pacific guide, which examines sixteen of the region’s growing insurance and reinsurance markets to identify growth opportunities. “As rapid economic development, population growth and urbanization lead to increased insurance penetration, Asia Pacific represents a key area of growth […]
Saskatchewan’s Minister of Justice and Attorney General has introduced Bill 177, which will implement the new Insurance Act and repeal the Saskatchewan Insurance Act. The bill contains significant changes to address market conduct and unfair practices, among other items. Bill 177, An Act respecting Insurance and Insurers and making consequential amendments to other Acts and […]
Google Compare Auto Insurance launched on Thursday, which the company billed as “an easier way to shop for car insurance.” According to Google, “the launch represents the newest addition to a suite of Google Compare products designed to help people make confident, more informed financial decisions.” Google teamed up with insurance providers, including Mercury Insurance, […]
French reinsurer SCOR SE released Thursday its financial results for 2014, reporting a 2.7% increase in gross written premiums in global property & casualty, a 2.5-point drop in its combined ratio and a 6.7% decline in net income. The combined ratio, in p&c, for Paris-based SCOR dropped 2.5 points, from 93.9% in 2013 to 91.4% […]
FORT SASKATCHEWAN, Alta. – Fire crews are trying to determine what kind of gas is leaking in an industrial area east of Edmonton following what is being called a small pipeline breach and explosion. Fire Chief James Clark says no one was hurt in the blast that happened just before noon along Highway 15 in […]
By The Canadian Press | March 4, 2015
1 min read
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