Industry
The Canadian Trucking Alliance has partnered with CargoNet to combat heavy cargo theft and similar crimes in Canada. CargoNet, an information-sharing system developed by Verisk Crime Analytics, launched in Canada in September. A group of CTA member carriers will now join the program, and the alliance will hold a seat on CargoNet Canada’s advisory board, […]
By Canadian Underwriter | October 3, 2012
2 min read
Specialty insurance provider Frank Cowan Company has launched two new programs, addressing what it calls underserved demands in the market. The Community Services and Disability Support programs respond to unique risks faced by social services workers, the Princeton, Ont.-based company noted in a statement. According to Frank Cowan, the new programs offer: Clients also receive […]
1 min read
The Centre for Study of Insurance Operations will update its CSIOnet virtual private network (VPN) gateway to version 7.1, which will go live on Oct. 11. CSIO has worked with carriers and broker management system (BMS) vendors to test the latest version and those partners have approved the upgrade to the EDI communications tool, it […]
Alberta independent commercial broker Robinson Insurance Brokers Ltd. has announced it will move to a new “eco-office” in Edmonton on Nov. 1. The new office is solar-powered, using a 3.4kWh Photovoltaic roof system, and uses low-wattage electronics, the company explained in a statement. It was converted from an older building using “sustainable materials.” Company president […]
By Canadian Underwriter | October 2, 2012
A home and auto insurance comparison website has launched in Alberta after reported success in Ontario. InsuranceHunter.ca provides three “competitive quotes in three minutes,” using its own comparison technology, according to a statement from the site. After choosing a quote, users get a personal call from a “qualified insurance hunter,” meaning a licensed insurance broker, […]
Insurers have a greater chance of achieving customer satisfaction if they bundle other policies with a homeowner policy, notes the most recent version of J.D. Power and Associates U.S. national homeowners insurance study. The 12th edition of the survey shows that overall satisfaction with homeowner insurance companies in the United States averaged 785 on a […]
Rates for commercial insurance increased by an average 6% in the second quarter of 2012, marking the sixth consecutive quarter that aggregate prices rose for all commercial lines, notes a recent survey by Towers Watson. Price increases were seen in all commercial lines, but were higher in mid-market and large accounts, states the Commercial Lines […]
Honda Canada has issued a recall for about 30,000 Accord V6 models in the country after a power steering part problem that could potentially cause a fire. The models included in the recall are those between 2003 and 2007. Exposure to high heat under the hood may cause the power steering hose to deteriorate, possibly […]
By Canadian Underwriter | October 1, 2012
The low interest rate environment in Canada likely will persist over the next few years, with the Bank of Canada likely to stick to small incremental increases, says TD Bank Financial Group’s chief economist. Rates between now and mid-2015 will likely only increase one percentage point, Craig Alexander told an industry crowd during the National […]
Insurance group RSA Canada has closed its acquisition of intermediated property and casualty insurer L’Union Canadienne after receiving necessary regulatory approval. RSA announced its agreement to buy the Quebec-based insurer in June for $150 million. L’Union Canadienne is the province’s third largest intermediated personal lines insurer and the acquisition places RSA as a top five […]
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.
