Industry
The mild winter weather has resulted in a 23% decline in the number of collisions when compared to last year, the Toronto Star reported on Mar. 9. Between November 2011 and February 2012, there were 17,411 collisions compared to 22,680 during the same period last year, according to Toronto Police Traffic Services, The Star reported. […]
By Canadian Underwriter | March 9, 2012
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The start of daylight savings time leaves B.C. drivers feeling less alert and a little more bleary, according to an ICBC survey. According to the survey, 34% of drivers said the time shift does affect them and make them feel less alert, even though many are making an effort to help their bodies adapt. Even […]
Canadian companies are on par with the global average in their adoption of mobile and social media, and they are above average at not reducing their information security-related budgets, but they fall behind in a number of other information security initiatives, according to a survey by PwC Canada. The survey, Eye of the Storm, included […]
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A solar storm, associated with two major solar flares on Mar. 6, has caused instruments to measure changes in Earth’s magnetic fields, indicating the onset of a geomagnetic storm, according to NASA. As of press time, NASA classified the geomagnetic storm as a “minor” storm, rated G1 on a scale of G1 to G5. NASA […]
By Canadian Underwriter | March 8, 2012
RSA’s Equipment Breakdown Insurance (EBI) division announced on Mar. 7 the implementation of e-Boiler, a web-based portal designed to streamline broker partners’ processes for handling small business accounts. “The program is unique in that it is fully customizable and empowers brokers to quote, bind, issue and endorse EBI policies, including those covering production machinery,” RSA […]
The Ontario government has failed to outline a strategy to deal with the increasing costs of climate change, including the costs of increased insurance premiums, according to Gord Miller, Ontario’s environmental commissioner. Miller released his report, Ready for Change? An Assessment of Ontario’s climate change adaptation strategy, in response to the Ministry of the Environment’s […]
U.S. commercial property lines saw an average increase of 3% in February 2012, according to MarketScout’s Market Barometer. Overall, the U.S. composite commercial rate index saw an increase of 2% during the month. “In September 2011, rates were flat,” Richard Kerr, CEO of MarketScout said. “Since then, we have continued to see evidence of a […]
ICBC has added commercial vehicles to its ‘bait’ vehicle fleet, including construction equipment and working commercial vans. Bait cars are used by the Integrated Municipal Provincial Auto Crime Team (IMPACT) to lure thefts. A bait car is a vehicle owned by the police and is intended to be stolen, IMPACT says. After a bait car […]
People convicted of drunk driving are less likely to re-offend if they have to install alcohol interlocks on their vehicles, a study by the Insurance Institute of Highway Safety (IIHS) found. The study’s results provide support for requiring the devices to be used by all offenders, not just those with multiple arrests or high alcohol […]
By Canadian Underwriter | March 7, 2012
Traffic enforcement officers in Saskatchewan will be cracking down on aggressive driving on Mar. 14-15 as part of a coordinated safety blitz, a Saskatchewan Government Insurance (SGI) release says. Aggressive driving includes speeding, driving too fast for road conditions, running red lights, failing to stop at stop signs, stunting, passing to the right on a […]
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