Industry
Ontario motorists are reminded of the need to take certain precautions this winter to avoid collisions involving snow plows. A province-wide public awareness campaign, launched on Friday in Ottawa by transportation minister Bob Chiarelli, was started by the Ontario Road Builders’ Association (ORBA) to answer concerns about reckless driving around snow plows. The Ontario Provincial […]
By Canadian Underwriter | November 16, 2012
2 min read
Claims technology provider Symbility Solutions has reported a net loss for the third quarter of the year of $159,000, though it reported “record” revenue of $4.9 million for the quarter, up significantly from the same period last year. The Toronto company’s revenue increase for the quarter is up 144% from the $2 million in revenue […]
The Ontario Motor Vehicle Industry Council (OMVIC) is reminding consumers to be vigilant as storm and flood-damaged vehicles from Hurricane Sandy’s aftermath may enter the province’s market. This is somewhat of a “historical pattern,” noted OMVIC, the administrative authority tasked with protecting consumers under the Motor Vehicles Dealers Act. “After Hurricane Katrina we saw many […]
By Canadian Underwriter | November 15, 2012
Guidewire Software Inc. recently announced that The Guarantee Company of North America is using its ClaimCenter software. In a recent press release, Foster City, Calif.-based Guidewire said The Guarantee will “improve data analytics and reporting capabilities” by using ClaimCenter, which is available both as stand-alone software and bundled with other Guidewire products in its InsuranceSuite. […]
1 min read
BP has confirmed it has reached an agreement with the United States government, subject to court approval, to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company flowing from the Deepwater Horizon accident, oil spill and response. BP has agreed to plead guilty to 11 felony […]
3 min read
Younger drivers are more likely to drive while drowsy, a recent survey conducted by the AAA Foundation for Traffic Safety suggests. One in seven licensed drivers ages 16 to 24 admitted to having fallen asleep at least once while driving in the past year, as compared to a tenth of all drivers who admitted to […]
Individuals aged 18 to 29 who responded to a recent survey by Celent report wanting to receive face-to-face customer service for complex transactions. That was among the more surprising findings suggested by the survey, which involved 523 responses from North America and 326 from the United Kingdom, notes the Innovation in Insurance report on the […]
By Canadian Underwriter | November 14, 2012
A.M. Best Co. announced Wednesday it has upgraded its financial strength rating for Jevco Insurance Co. (Quebec), acquired in September by Intact Financial Corp. The rating firm stated in a press release that it has “removed from under review with positive implications” Jevco (Quebec) and upgraded both its financial strength and issuer credit ratings. The […]
Toyota Canada has issued a recall for nearly 15,000 vehicles in the country, as part of a larger recall by the corporation of about 2.77 million vehicles globally, for problems related to steering and water pumps. The problem is related to the steering intermediate extension shaft on certain Prius models, the company’s hybrid vehicle model. […]
The Guarantee Company of North America has appointed Angelique Magi vice president of strategic initiatives, a newly created role for the insurer. Effective Nov. 5, Magi will now work on a range of segment, product and distribution strategies as part of the company’s overall portfolio growth strategy. Magi has worked in the property and casualty […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
