Industry
First Insurance Agencies Ltd. in Campbell River, British Columbia has joined Western Financial Group’s growing network of insurance brokerages across western Canada, effective Jan. 14. Marking Western’s third acquisition on Vancouver Island in the last year, the company now has offices in Campbell River, Nanaimo, Victoria and Sidney, notes a statement from Western. “We’re experiencing […]
By Canadian Underwriter | January 17, 2013
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Specialty insurance broker Signature Risk Partners Inc. has launched a new database of stolen golf carts. The Stolen Cart Online Registry (SCOR) addresses a need by the golf industry to track stolen carts from different manufacturers, the company says. “The cost of insurance is significant for golf club owners and operators and by reducing claims […]
By Canadian Underwriter | January 16, 2013
Improving the insurance claims process and upgrading or replacing claims systems were among the key focus areas for the majority of insurance claims professionals in the United States responding to a survey by Massachusetts-based Trillium Software. Almost 93% of respondents cite insurance claims process improvement as the top initiative to lower operational costs, notes a […]
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Online financial comparison website, Kanetix.ca, has launched a new mobile app that allows users to scan and compare auto insurance quote estimates from their iPhone. The free Kanetix Car Insurance Quick Quote app is a first in Canada, the company says, and is available through the Apple App Store. Using the app, consumers can: The company says […]
Auto insurance provider CAA South Central Ontario is pushing for Toronto politicians to vote in favour of funding more than $500 million worth of repairs over 10 years on the F.G. Gardiner Expressway. The divided highway, which is elevated from a point west of Strachan Avenue to a point near the Don River, runs east […]
By Canadian Underwriter | January 15, 2013
The Insurance Bureau of Canada is using Crime Stoppers Month as an opportunity to again remind the public about the high cost of insurance fraud. January is Crime Stoppers Month in Ontario, where high auto insurance premiums are often linked to fraud. IBC cites estimates from KPMG that auto insurance fraud in Ontario is as high […]
Environment Canada was advising people to monitor weather conditions and listen for updated statements as a result of potentially damaging winds expected to hit parts of Newfoundland and Labrador on Tuesday. “A low-pressure system over the Labrador Sea will continue to intensify as it drifts eastward today,” notes a weather warning for the area of […]
Auto insurance premiums for young female drivers in the United Kingdom have risen an average of 22.1% since the European Court of Justice (ECJ) ruling on the gender-based pricing, a new study suggests. Since Dec. 21, 2012, female drivers between ages 17 and 19 have seen an inflation of their premiums of £231 ($365) on […]
By Canadian Underwriter | January 14, 2013
The insurance and reinsurance industries should begin to consider the potential consequences of a severe space weather event, says global reinsurance company Aon Benfield. Solar and geomagnetic activity in particular will peak in the next year, the company says as part of its release of a new report from this month, called Geomagnetic Storms. “Although […]
A survey of small and medium enterprises (SMEs) in the United Kingdom shows an increased appetite for expanding business operations in 2013, and further indicates 69% of respondents feel confident they have the right insurance in place for their business compared with 51% in 2011. Only 12% of the 500 SMEs polled as part of […]
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