Industry
The Transportation Safety Board of Canada released Tuesday its report of an investigation of involving a fire involving an airplane that had landed and stopped at its gate in Montreal, which resulted in an evacuation of the cabin and sent five passengers to the hospital. TSB noted in its report that the evacuation was “hampered” […]
By Canadian Underwriter | February 3, 2015
4 min read
Canadian insurance technology vendor Kanetix Ltd. announced Monday it has acquired the comparison site rates.ca from VerticalScope Inc. “The move signifies Kanetix’s commitment to growing its interests in the insurance and financial services industries online, as well as the ability to offer more choice to consumers shopping online for financial products,” stated Toronto-based Kanetix in […]
1 min read
XL Group plc released Monday its financial results for the three months ending Dec. 31 and for the full year, reporting an 8.8-point improvement in its combined ratio, an 11.1% increase in gross written premiums, a 116% increase in underwriting profit and a 53.6% drop in net income attributable to ordinary shareholders, which was affected […]
SCM Insurance Services has launched Xpera, the brand it is now using for its risk and investigation services. SCM – which was providing investigative services under the Forensic Investigations Canada (FIC) name – acquired the property and casualty businesses of Granite Global Solutions in August, 2014. Granite’s operations at the time included CKR Global, which […]
By Canadian Underwriter | February 2, 2015
2 min read
An earthquake measuring 6.3 on the Richter scale struck Argentina Monday, the United States Geological Survey reported. The epicentre – in the Nazca plate region – was 93 kilometres northwest of San Luis, Argentina and 344 kilometres east-northeast of the Chilean capital, Santiago. “Relative to a fixed South America plate, the Nazca plate moves slightly […]
Google Inc. had made the Pro version of Google Earth free, the Mountain View, Calif.-based search engine company recently stated. On Jan. 30, Google said it is no longer charging for the Pro version, which uses the same imagery database as Google Earth but has additional features. Google Earth Pro users can calculate distances […]
Record vehicle sales and number of vehicles on the road are fuelling positive feelings in Canada’s collision repair industry, but economic factors signal that a slow down could be on the way, Andrew King, managing partner of DesRosiers Automotive Consultants Inc., suggested in a presentation Friday. “There are some things happening out there that give […]
An unpublished federal report on environmental threats from oil and bitumen pipelines says little is known about the potential toxic effects of oilsands products in oceans, lakes or rivers. “In particular, research on the toxicology of bitumen is lacking,” says the draft report, commissioned in response to concerns raised at the Northern Gateway pipeline hearings. […]
3 min read
The hope is that by next January there will be a pre-repair program in place “with a significant number of insurers that starts to simplify the process for getting the (collision) repair started,” Larry Jefferies, chairman of the Canadian Collision Industry Forum (CCIF), said Friday during CCIF’s meeting in Toronto. Characterizing the goal as aggressive, […]
New entrants in the insurance industry demand that brokers reiterate their value as trusted advisors by delivering a differentiated level of client service. To help guard against commoditization in the marketplace, the 21st-century brokerage must continue to evolve into a digital workspace.
By Jeff Purdy, Senior Vice President of International Operations, Applied Systems|Jeff Purdy, Senior Vice President of International Operations, Applied Systems | January 31, 2015
5 min read
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