Industry
The Guarantee Company of North America announced Thursday a partnership with Scottsdale, Ariz.-based IDT911 Inc., whose services include privacy breach consulting. The Guarantee is now offering several privacy risk services to its corporate policyholders though IDT911, such as helping victims of a privacy breach avoid fraud and identity theft. Through the partnership, IDT911 will also […]
By Canadian Underwriter | February 28, 2013
1 min read
An Ontario New Democratic Party politician complained this week about the state of the major road between Timmins and Sudbury, contending winter driving in the area has become high risk. France Gelinas, the NDP member of provincial parliament for Nickel Belt, suggested in the legislature that Highway 144 has been repeatedly closed and when it’s […]
By Canadian Underwriter | February 27, 2013
Several companies in the property and casualty industry have made Deloitte’s list of Canada’s 50 Best Managed Companies, including those in the restoration field and a brokerage company, while others requalified on the list for a consecutive year. Companies compete to make the annual list, which marks excellence for Canadian-owned and managed private companies with […]
3 min read
Customer loyalty in the insurance industry is at risk, one report says, as only 30% of those included in a recent global survey reporting positive experiences with their insurers. On average, only one in three customers across 30 countries had a positive experience with their insurance company, notes the World Insurance Report 2013 from […]
2 min read
Software maker Mitchell International Inc. released Tuesday predictions for the property and casualty insurance and automotive repair industries, forecasting lower prices for recycled parts, an overall increase in the cost to repair damaged vehicles and an increased demand for cloud computing. “The average industry cost to repair auto collision damage will increase,” San Diego-based Mitchell […]
EGI Financial Holdings Inc., whose subsidiaries provide high-risk auto and other insurance products, has released its financial results for 2012, reporting a significant drop in the combined ratio for auto. Last year, Toronto-based EGI recorded net income of $19.36 million on direct written premiums of $220.149 million, compared to net income of $7.52 million on […]
By Canadian Underwriter | February 26, 2013
The province of Manitoba is increasing insurance coverage for the AgriInsurance program for this year to $2.6 billion, a 13% jump, the government announced Monday. Under the AgriInsurance risk management program, premiums for most programs are shared 40% by participating producers, 36% by the Government of Canada and 24% by the Province of Manitoba. Administrative […]
By Canadian Underwriter | February 25, 2013
Cunningham Lindsey Canada has rejoined the Canadian Independent Adjusters’ Association (CIAA), the organizations announced late last week. “We believe there are some positive initiatives underway and have come to an agreement to rejoin the CIAA,” noted Rob Seal, Cunningham Lindsey’s president noted in a statement. “We want to take an active role in pushing these […]
The Guarantee Company of North America has appointed Marilyn Horrick as national vice president for its Guarantee GOLD business segment, which caters to high net worth individuals. In the new role, effective Feb. 19, Horrick is accountable for all aspects of product, underwriting, branding, distribution, and supporting strategies to position Guarantee GOLD business, as well […]
Beazley Group PLC may in the future offer a cyber breach response service in Canada, suggests an article posted Monday to the Lloyd’s website. Beazley, a London-based Lloyd’s insurer whose offerings include property, reinsurance and a variety of liability coverages, announced earlier this month its Beazley Breach Response (BBR) is now available in Britain. BBR, […]
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