Industry
The 2013 Honda Accord 4-door and Suzuki Kizashi have been added to the Insurance Institute for Highway Safety’s (IIHS) list of safety picks after a new frontal crash test revealed the majority of evaluated family cars outperformed most of their luxury counterparts. The two models, both of which received a good rating, were among the […]
By Canadian Underwriter | December 20, 2012
3 min read
In the aftermath of Hurricane Sandy, insurance carriers will be “less agreeable” to dropping property insurance rates for U.S. clients, while Canadian firms are experiencing “stable” rate changes in liability and errors and omissions insurance, according to a recent report from New York-based brokerage Marsh Inc. In the fourth quarter of 2012, “global insurance rates […]
2 min read
The Ontario government will not re-introduce legislation mandating the retrofitting of retirement homes with fire sprinklers, but a provincial spokesperson suggested this week that the Liberals are preparing to introduce regulations to strengthen the fire code. Last September, Bill 54, which was supported by The Co-operators Group Ltd., passed second reading and was referred to […]
4 min read
Editor’s Note: The following letter to the editor is in response to an article that appeared on Canadian Underwriter’s website on Dec. 10, 2012: Ontario needs to crack down on independent medical examiners: Accident victims’ group It is unfortunate that “Fair Association of Victims for Accident Reform” (FAIR) is not living up to its name in […]
Burns and Wilcox Canada has announced that Lalita Mohabir has joined the company as senior personal accident underwriter in the company’s Toronto office. Mohabir brings more than 26 years of industry experience to Burns and Wilcox Canada and will lead the company’s personal accident team offering worldwide Accidental Death and Dismemberment coverage on an individual […]
By Canadian Underwriter | December 19, 2012
W. R. Berkley Corp. announced Wednesday that Andrew Steen has been named president of Berkley Canada, effective Jan. 7, 2013. Steen has more than 20 years of experience in the property casualty insurance industry in Canada. He served most recently as senior vice president and commercial underwriting officer for the Canadian subsidiary of a major P&C […]
1 min read
A family in southwestern Ontario will have access to a vehicle thanks to CARSTAR Niagara Falls and Thorold Auto Parts. As part of the Niagara Falls-based charity, Project SHARE, a 2011 Versa was presented to a single mother and her son on Friday, notes a statement from CARSTAR Collision & Glass Centres, one of the […]
York Regional Police north of Toronto recently arrested and charged nine individuals in connection with alleged staged collisions. The arrests were made as a result of the second phase of Project Sideswipe , an ongoing investigation into allegedly false auto insurance claims at medical rehabilitation and assessment centres in and near Toronto. “As of December 13, […]
By Canadian Underwriter | December 18, 2012
A.M. Best Company Inc. recently released a revised estimate of $85 billion, net of reinsurance, in losses due to third-party liability asbestos claims to the United States property and casualty insurance industry. Annual losses for both asbestos and environmental is now $127 billion, the Oldwick, N.J. credit rating agency stated in a special report released […]
Many Canadian drivers may not be taking all the precautions they can to stay safe and keep calm on the winter roads, suggest the results of a recent poll from TD Insurance. According to the TD Insurance Winter Driving Poll, 60% of Canadian drivers don’t carry an emergency kit in their car, 38% don’t get […]
By Canadian Underwriter | December 17, 2012
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