Industry
The Canadian trucking industry has gained access to Contractor Management Services’ (CMS) propriety technology through NAL Insurance. CMS and NAL Insurance have partnered to help NAL’s client companies and independent contractors lower costs, reduce risk and ensure compliance, notes a statement from CMS. The technology will provide access to a real-time online platform, where posts […]
By Canadian Underwriter | May 3, 2012
1 min read
Crawford & Company (Canada) Inc. has named five adjusters as Global Technical Services (GTSSM) leaders within the areas of commercial property, transportation, environmental and media, entertainment and contingency. “The GTS leaders in each of these groups are experts in their fields, knowledgeable about industry trends, competitive practices and the needs of their clients,” said Paul […]
2 min read
Although some mutuals are being encouraged to explore new lines of business or enter new territories, a report from Wills Re cautions this is intrinsically riskier for the insurers, adding that mutuals should ensure any such move is a good fit before proceeding. Among the reasons for encouraging new business “is the potential benefit from […]
By Canadian Underwriter | May 2, 2012
InsureEye Inc. has introduced an online service intended to enhance transparency and provide consumers with a sneak peek at reviews for home, auto and life insurance. Touted as a first in Canada, the independent and consumer-driven tool was rolled out in April. Beyond gaining access to more than 600 reviews for home, auto and life […]
A.M. Best Co. has upgraded its issuer credit ratings (ICR) to ‘a+’ from ‘a’ and affirmed the financial strength rating (FSR) of A (Excellent) of the non-life North American operating subsidiaries of SCOR SE (SCOR) (France). Subsidiaries include SCOR Canada Reinsurance Company (Toronto, Ontario), SCOR Reinsurance Company (New York, NY) and General Security Indemnity Company […]
Buoyed by reduced claims frequencies because of mild weather and Ontario’s auto insurance reforms, Intact Financial Corporation reported a 2012 Q1 profit of $177 million, 13% higher in year-over-year comparisons. “This was a particularly strong quarter as we continued to reap the benefits from our robust auto and home initiatives and our results were helped […]
Intact Financial Corporation (TSX: IFC) has entered into an agreement to acquire JEVCO Insurance Company from The Westaim Corporation (TSX: WED) for $530 million. JEVCO is a provider of specialty and niche products for individuals and businesses in Canada with approximately $350 million in direct premiums written in 2011 (based on industry data and public […]
The B.C. Supreme Court has ordered a law school graduate student injured in a car accident to disclose Facebook and vacation photos showing her participating in physical activities. The plaintiff in the case, Tamara Fric, is claiming for damages resulting from injuries suffered in a motor vehicle accident on November 18, 2008. At the time […]
By Canadian Underwriter | May 1, 2012
Ontario auto insurance rate filings approved during 2012 Q1 declined an average of 0.18%, based on the entire market. Rate filings for the Top 5 individual companies, ranked in order of market share, are: 1) State Farm Mutual Automobile Insurance Company Market share: 12.43% Rate Action: Flat (0.00%) 2) Aviva Insurance Company of Canada Market […]
We witnessed something akin to Theatre of the Absurd in April long-awaited revamp of Ontario’s auto insurance product. At roughly the same time executives at the Insurance Bureau of Canada (IBC) were urging the provincial government to complete unfinished portions of the 2010 auto insurance reforms, politicians at Queen’s Park were establishing a new, select […]
By David Gambrill, Editor | April 30, 2012
3 min read
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.
