Industry
Canada witnessed record vehicle sales in 2013, only to be topped by sales in 2014. Still, concern over the availability of service bays and skilled workers is also on the rise. Canadian vehicle fleet and technological advancements that increase the life expectancy of vehicles, however, are expected to contribute to the growth of the aftermarket.
By Marc Brazeau, President and Chief Executive Officer, Automotive Industries Association of Canada|Marc Brazeau, President and Chief Executive Officer, Automotive Industries Association of Canada | January 31, 2015
5 min read
Consideration of depreciation as a saved expense in the context of fully destroyed and replaced assets is well-trodden ground. But what about the question of how best to deal with depreciation savings for undamaged assets in a business interruption claim?
By Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLP|Timothy Zimmerman, Senior Manager, Litigation Accounting and Valuation Services, Collins Barrow Toronto LLP | January 31, 2015
6 min read
The Chubb Corp. released Friday its financial results for the quarter ending Dec. 31, reporting a 3% year-over-year increase in Q4 net premiums written, a slight drop in consolidated net income, a 10.9% increase in underwriting income and a 2.2-point improvement in its fourth-quarter combined ratio. For the full year, net written premiums were $12.592 […]
By Canadian Underwriter | January 30, 2015
2 min read
The federal and Manitoba governments announced Thursday they will contribute more than $1.2 million “to help identify and address problems caused by canola diseases and pests” such as clubroot. “Clubroot is a serious disease affecting crops like canola and mustard as well as cruciferous vegetables like cabbage, cauliflower and broccoli,” Agriculture Canada said in a […]
1 min read
While easterners dig out after wintry blasts and blizzards, normally frigid prairie cities are into their second week of a January thaw that has seen overnight rain in Edmonton and shirt sleeves in Calgary. What’s up with the weather? “You can explain the weather outside your window by the position of the jet stream,” said […]
By The Canadian Press | January 30, 2015
3 min read
The percentage of the American general population opposed to building more nuclear power plants is greater than the percentage of members of the American Association for the Advancement of Science, while the number of AAAS members agreeing that “climate change is mostly due to human activity” is greater than that of the general population, a […]
TD Insurance announced Wednesday that it is teaming up with its preferred vendors and will open Feb. 2 a “one-stop solution” for auto claims and collision repairs. “TD Insurance auto insurance customers will be able to complete all the steps of an auto collision repair process – file a claim, drop off their vehicle, get […]
By Canadian Underwriter | January 29, 2015
Berkshire Hathaway Specialty Insurance announced this week it is “expanding into the Canadian marketplace,” where it is currently licensed to conduct business. In Canada, Berkshire Hathaway Specialty “underwrites on the paper of National Liability & Fire Insurance Company,” the Boston-based firm said in a press release Wednesday. National Liability is a member of Berkshire Hathaway […]
Insurance carriers in the United States are focusing on improving their distribution practices as a key technique for driving growth, but are facing limited growth opportunities as a result of continuing marketplace pressures, suggests a new report issued Wednesday by Celent. “Growth and retention continue to be the top business goals affecting IT investments. However, […]
Oxford Analytica and Willis Group Holdings have announced the availability of a new political risk model to help companies assess financial exposure to political risks, the identification and management of which represents a significant and increasingly pressing challenge for boards of global companies. Calling the offering the first of its kind, the model allows global […]
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