Industry
The current outbreak of influenza in the United States is the most widespread outbreak of the virus since the H1N1 pandemic in 2009-2010, insurer Zurich North America said Friday. The company has released two “risk bulletins,” posted on its website, to help businesses keep employees healthy and minimize the impact on business continuity. Read the […]
By Canadian Underwriter | January 11, 2013
2 min read
Claims services firm Cunningham Lindsey Canada has launched a new division, Cunningham Lindsey Research Services Inc (Research Services), offering investigative, surveillance and information services to the insurance industry. The new division is geared toward the Canadian insurance industry but also services the needs of corporations, lawyers and private individuals, the company says. “Research Services provides […]
1 min read
Environment Canada issued several weather warnings for the nation Friday, including blowing snow on the island of Newfoundland and southern Saskatchewan, with the possibility of minor coastal flooding in southeastern Newfoundland. High waves were expected for some areas of Newfoundland, which has been hit with widespread power outages, while drivers in parts of southeast Saskatchewan […]
Fraudulent home improvement offers following superstorm Sandy last fall have made the top 10 list of scams in 2012. The Better Business Bureau in the United States published a list of the top scams for the year this week. “BBB spends a lot of time investigating and reporting on home improvement scams, but this year […]
A recent findings report on the use of credit scores to help determine insurance premiums in Ontario suggests that transparency in providing information to policyholders should be the primary concern for insurers who use the controversial tool. In mid-December, the Office of the Privacy Commissioner of Canada reported its findings on a complaint launched in […]
By Canadian Underwriter | January 10, 2013
4 min read
Insurance giant AIG announced Wednesday that it has entered into a reinsurance deal with Compass Re Ltd., which will provide $400 million of peak-zone protection against U.S. hurricanes and earthquakes. Bermuda-based Compass Re has issued a $400 million catastrophe bond in a single tranche for the deal. The transaction closed on Dec. 27 and provides […]
By Canadian Underwriter | January 9, 2013
Elliott Special Risks (ESR) has bid farewell to its senior vice president and underwriting manager Anne Toms, who retired Dec. 31 after 27 years with the company. Toms began her insurance career in 1970 with the “Canadian Indemnity Company,” where she attained the position of Assistant Casualty Manager (Ontario branch), then Casualty Supervisor (Toronto Brokers […]
Global economic weaknesses, leading in part to an inability to tackle major environmental challenges, are the primary risks facing the world in 2013 and over the next decade, suggests a new report from the World Economic Forum. The Global Risks 2013 report, developed in part by several major reinsurance companies and academic institutions, cites severe […]
By Canadian Underwriter | January 8, 2013
Technological improvements are expected to reduce shipping accidents that result in losses, but only when properly applied with effective training and management oversight, notes marine insurer Allianz Global Corporate Specialty (AGCS). Technological improvements such as the introduction of Electronic Chart Display and Information Systems (ECDIS) last July are expected to reduce accidents, notes a statement […]
Zurich Canada has launched a new mobile app, providing information to brokers and businesses on commercial coverages and risk management tactics. The app, available for Apple and Android smartphones and tablets, provides information on Zurich coverages by industry segment, relevant risk management tips by industry segment, claims contact information and information sharing capabilities for brokers […]
By Canadian Underwriter | January 7, 2013
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