Industry
Toyota’s Prius hybrid-electric vehicle has a very low theft rate in the U.S., according to a recent report from the National Insurance Crime Bureau (NICB). There have been 2,439 Toyota Prii stolen in the U.S. between Sept. 4, 2000 and June 30, 2012, NICB stated in a press release. The non-profit organization, based west of […]
By Canadian Underwriter | November 26, 2012
3 min read
Assured Automotive of Toronto announced this week that it has formed a new company operating five auto collision repair centres in the Ottawa area. On Oct. 1, Assured acquired Frank & Guy Auto Body Ltd., which was owned by Guy Cousineau, who is now vice president of operations-technical at Assured Ontario East Inc. Assured Ontario […]
By Canadian Underwriter | November 23, 2012
2 min read
Desjardins General Insurance Group released Friday financial data for the third quarter, reporting net income of $22.8 million on gross written premiums of $517 million. Gross written premiums for the third quarter were up 9.1% from the same period in 2011, Levis, Que.-based Desjardins General stated in a press release, while gross written premiums for […]
1 min read
Global insurer RSA Group has appointed Deloitte veteran Martin Scicluna as its new chairman, effective Jan. 1. Scicluna spent more than 30 years with Deloitte, where he was chairman from 1995 to 2007. He is currently chairman of Great Portland Estates Plc and chairman of the Audit committee and a Non-Executive Director of Lloyd’s […]
Economical Insurance of Waterloo, Ont. released Thursday its financial results for the quarter ending Sept. 30, recording net income of $29 million, up from $1.4 million during the same period in 2011. The underwriting loss during the third quarter of 2011 was $7.8 million, while underwriting income was $4.6 million during Q3 of 2012. The […]
By Canadian Underwriter | November 22, 2012
The Ontario Automobile Insurance Anti-Fraud Task Force has released its final report outlining nearly 40 recommendations, chief among them expanding the power of the province’s industry regulator, greater public disclosure on the part of insurers and licensing certain health clinics. Sixteen months after its inception, the task force steering committee has recommended the Ontario government […]
RRJ Insurance Ltd. announced it has acquired Orillia, Ont.-based G.B. Cragg Insurance Broker Ltd. G.B. Cragg, which was established in 1953, offers personal insurance, including auto, homeowner, tenant, liability and watercraft. Its commercial products include farm, bonds, auto, events and sports, directors’ and officers’ liability and errors and omissions. RRJ owns Toronto-based KRG Insurance. Another […]
Many North American drivers are underprepared for winter driving, according to a recent survey from tire company Goodyear. While more than 75% of respondents said they believe winter tires make a difference in challenging winter weather, 58% of those in cold-weather areas don’t use winter tires, according to the survey of 2,106 drivers in North […]
The number of deaths related to impaired driving collisions in British Columbia has decreased over the past two years, following the introduction of tougher legislation, the provincial government announced this week. Since the September 2010 launch of the immediate roadside prohibition (IRP) program, the number of alcohol-related motor vehicle deaths has decreased to an average […]
While organizations that have experienced data breaches report some serious consequences, including damaged reputations, there is a gap in perception about the true costs of a breach, according to a recent U.S. survey. Sixty percent of businesses included in the State of SMB Cyber Security Readiness survey, conducted by the Ponemon Institute, reported experiencing a […]
By Canadian Underwriter | November 21, 2012
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