Industry
One in four Canadian drivers say they are “likely to take some kind of action” if they witness another driver committing what they characterize as a “pet peeve,” such as using a mobile device, failing to signal or following too closely, according to a new survey from RBC. In the survey — conducted by Ipsos […]
By Canadian Underwriter | June 17, 2014
2 min read
The Co-operators Group Ltd. announced Tuesday it is offering “tailored” insurance products, including commercial property and liability, for co-operatives who are not affiliated with The Co-operators’ membership. Dubbed Co-op Guard, the service “allows co-operatives to save time and effort in purchasing the essential insurance products and financial services they need to protect and build their […]
1 min read
DETROIT – General Motors says it needs to change or replace the keys for about 3.4 million cars, including almost 188,000 in Canada, because they could cause the ignition switch to move out of position if there is too much weight on the key chain. GM said in a statement Monday that the switches can […]
3 min read
WINNIPEG – Manitoba drivers could end up paying more for auto insurance if the province’s public insurer gets its wish. Manitoba Public Insurance is seeking a 3.4 per cent rate increase from the Public Utilities Board. The insurer, known for short as MPI, says poor driving conditions this past winter led to a record number […]
AMSTERDAM, Netherlands – The Dutch government says it wants to encourage large-scale tests of self-driving cars in the Netherlands by next year, and supports a plan to allow tests of self-driving trucks by 2019. The country’s infrastructure minister, Melanie Schultz van Haegen, said Monday she is investigating legal changes needed to allow self-driving cars to […]
By Canadian Underwriter | June 16, 2014
Canada’s Superintendent of Financial Institutions, Julie Dickson, will be replaced June 29 by Jeremy Rudin, assistant deputy minister of the financial sector policy branch of the federal finance department, the federal government announced Friday. Dickson has led the Office of the Superintendent of Financial Institutions (OSFI) since June 2007, when she was appointed for a […]
Wawanesa Mutual Insurance Company recently announced that Jeff Goy has been appointed president and chief executive officer, replacing Ken McCrea. Goy joined Winnipeg-based Wawanesa in 1990. He has been vice president of automobile underwriting, vice president of insurance product and was appointed vice president of corporate development in 2013. McCrea will remain on Wawanesa’s board […]
ATLANTA – The explosions that damaged a crippled Japanese nuclear plant during a disaster that forced mass evacuations in 2011 show what can happen when nuclear fuel overheats. In response to the Fukushima Dai-ichi accident, the U.S. government dramatically increased funding to develop tougher protective skins for nuclear fuel, hoping to spur innovation in designs […]
DETROIT – General Motors is recalling more cars for problems with ignition switches. GM is recalling nearly 512,000 Chevrolet Camaro muscle cars from the 2010 to 2014 model years, built in Canada at a GM assembly plant in Oshawa, Ont. The automaker says 17,736 of the Camaros are in Canada. A driver’s knee can bump […]
By Canadian Underwriter | June 13, 2014
The Saskatchewan Rate Review Panel (SRRP) is recommending a 4.4% overall average increase to Saskatchewan Auto Fund vehicle insurance rates, less than the 5.2% hike proposed in the application from Saskatchewan Government Insurance (SGI). “The panel’s recommendations are based on fairness and rate stability for all the Auto Fund’s customers,” panel chair Kathy Weber said […]
By Canadian Underwriter | June 12, 2014
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