Industry
Brigid Murphy, president and CEO of The Dominion, says she can see a time when telematics will be used to determine auto insurance premiums. “This is potentially a game changer from the automobile point of view,” Murphy said on Tuesday during a luncheon hosted by the Insurance Brokers of Toronto Region. “I have no doubt, […]
By Canadian Underwriter | January 23, 2013
3 min read
Auto insurance rates in Ontario and Alberta decreased in the fourth quarter of 2012 over the same period the previous year, but increased in Quebec, suggests review from comparison website Kanetix.ca. Comparing rates in Q4 2012 with the same quarter of 2011, Kanetix analysis suggests a 3.3 % rate decrease in Ontario, 8.1% decrease in […]
1 min read
Insurance respondents taking part in an investment outlook survey in the United Kingdom were least optimistic about global financial markets in 2013, reports CAMRADATA Analytical Services Limited, an investment information specialist. “It was the insurance respondents who were the gloomiest about the prospects for the year ahead,” CAMRADATA noted in a statement yesterday. The web-based […]
By Canadian Underwriter | January 22, 2013
2 min read
The Ontario government is proposing several regulatory amendments as part of ongoing efforts to fight auto insurance fraud in the province. The proposed regulatory changes include: The proposed changes come in part as a response to the final report from the Auto Insurance Anti-Fraud Task Force. That report outlined about 40 recommendations for fighting fraud, […]
Collision repair company CARSTAR Automotive Canada Inc. has appointed a new chief operating officer, as well as a new executive vice president and a new vice president of finance as part of a business transition plan in the works for three years. Michael Macaluso will work as the company’s COO, while Lisa Mercanti-Ladd has been […]
By Canadian Underwriter | January 21, 2013
The McLennan Group Insurance Inc. announced earlier this week the Insurance Programs for CARP Members mobile application is available now. Aptly named CARPMembers, the quick, easy and free app is available to current and future CARP members, notes a joint statement from McLennan Group Insurance, a nationally licensed personal lines brokerage owned by Northbridge Insurance […]
By Canadian Underwriter | January 18, 2013
Manitoba Public Insurance (MPI) this week reported that claims costs and investment income remain within expectations, citing net income of $15.1 million for the first nine months of the year, ended Nov. 30, 2012, compared with $36.9 million over the same period in 2011. The stable financial results were released as MPI enters the final […]
More than a third of respondents to a recent survey in the United States say they spent more on insurance over the past year, the majority as a result of higher premiums. Of the respondents taking part in the survey, conducted by Princeton Survey Research Associates International, 37% spent more on insurance in the past […]
The relationship between brokers and their insurance company partners improved significantly in 2012, suggests the results of a survey conducted by the Insurance Brokers Association of Ontario (IBAO). The results from IBAO’s “Rate Your Company” survey from last year suggest an improvement in broker perceptions in channel leadership, channel support, product and service innovation, and […]
By Canadian Underwriter | January 17, 2013
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