Industry
Key driving behaviors — for example, actual miles driven, braking and time of day of driving — can predict the likelihood of a claim far better than traditional insurance rating variables such as a driver’s demographic profile, age, and the year, make and model of the insured vehicle, research by Progressive suggests. Progressive released new […]
By Canadian Underwriter | July 10, 2012
2 min read
Zurich Canada has made ZurichEZclick.ca, its online rate, quote and policy issuance platform, available to independent brokers in Ontario. This is the first time independent brokers in Ontario are invited to do business with Zurich through www.ZurichEZclick.ca. Using this system, builders risk policies can be issued online in minutes for both personal and commercial customers, […]
1 min read
International insurance prices continued to firm in 2012 Q2, according to a new global insurance index launched recently by Marsh. The index takes into account client renewal data on property, casualty and financial and professional lines of business from 20 large economies across all continents. Results show that rates increased by 1.4% from April to […]
Economical Insurance announced on July 9 that David Crozier, the company’s senior vice president of operations, has left the company to pursue other endeavours. “We acknowledge David’s positive contributions to the company over the past six years as vice-president of commercial insurance and most recently as senior vice-president of operations,” said Karen Gavan, president and […]
By Canadian Underwriter | July 9, 2012
Sean Forgie has joined Cunningham Lindsey’s commercial risk division (CRD) team as national director of casualty/liability. As national director, Forgie will oversee the handling of complex liability claims conducted by the executive general adjusters, senior general adjusters and general adjusters that make up the CRD team in Canada. For the past eight years, Forgie has […]
Lightning strikes cost nearly $1 billion in insured losses in 2011, the Insurance Information Institute (I.I.I.) notes. An analysis of homeowners insurance data by the I.I.I. and State Farm found there were more than 186,000 lightning claims in 2011, down nearly 13% from 2010. “This decline may be due to increased use of lightning protection […]
With the Calgary Stampede starting this past weekend, the Insurance Corporation of British Columbia (ICBC) has signed an agreement with an Alberta-based repair shop network to handle potential claims from car accidents involving B.C. drivers. The public auto insurer notes that more than 3,000 crashes involving B.C. vehicles happen in Alberta each year. The Stampede […]
Enbridge Inc. may not be carrying enough insurance coverage for its proposed Northern Gateway Pipeline Project, suggests a written submission prepared by economist Robyn Allan, a former CEO of the Insurance Corporation of B.C. (ICBC). The proposed $5.5-billion project would include two twin buried pipelines extending from Bruderheim, Alberta (near Edmonton) to a proposed new […]
By Canadian Underwriter | July 6, 2012
The United Kingdom’s second largest insurer, Aviva, is launching an ambitious plan to narrow its focus, build financial strength and improve performance after a turbulent past few months that saw the departure of former chief executive Andrew Moss in early May. Aviva announced the changes July 5 in London, which include a sharper division of […]
The City of St. Catharines, Ontario is scheduled to discuss a car-sharing proposal at its next council meeting on July 9. The city is being asked to support, in principle, a partnership with the People’s Car Co-operative Inc. to establish a car share service in St. Catharines. City staff have recommended dedicating eight parking spaces, […]
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