Industry
The Insurance Marketing and Communications Association (IMCA) is calling worldwide for entries into its IMCA Showcase Awards, the longest-running creative awards competition for insurance marketing and communications professionals. The 2012 IMCA Showcase Awards competition is now in its 54th year. It offers awards in 35 categories spanning electronic, print, social and broadcast media, as well […]
By Canadian Underwriter | February 28, 2012
1 min read
Given the increasing popularity of smartphones, tablets and social media sites, many Canadians are concerned they might become victims of online fraud schemes targeting these technologies. Eighty-four per cent out of 1,000 people surveyed in an Environics poll, commissioned by TD Canada Trust, indicated they are concerned about online fraud. Overall, fewer Canadians overall reported […]
By Canadian Underwriter | February 27, 2012
A market-based approach to setting rates in automobile insurance would have long-term positive effects for both insurers and consumers, according to the Insurance Research Council (IRC). The IRC examined automobile insurance markets in three states — South Carolina (reformed in 1999), New Jersey (reformed in 2004) and Massachusetts (reformed in 2008) — before and after […]
Berkshire Hathaway Inc.’s property and casualty insurance operations have recorded their ninth straight year of a total underwriting profit, although the underwriting profit in 2011 was down significantly due in part to large catastrophe losses affecting the industry as a whole. Over the past nine years, underwriting profits for Berkshire Hathaway’s insurance operations — including […]
FirstOnSite Restoration has opened its newest branch in St. Catharines, Ontario. The St. Catharines branch, located at 207 St. Paul Street West, will be led by Tom Baldassarra, a project manager at FirstOnSite. Baldassarra serves as a member of FirstOnSite’s infectious disease control team and has experience in trauma crime clean-up and large commercial losses. […]
The number of Canadian drivers that admit to using their cell phones while behind the wheel increased 15.8% since 2001, according to the Traffic Injury Research Foundation (TIRF). In a recent Road Safety Monitor poll, TIRF found that more than a third (36.3%) of Canadian drivers admitted to using their cell phones while behind the […]
By Canadian Underwriter | February 24, 2012
2 min read
The Financial Services Commission of Ontario (FSCO) is holding a webcast to raise awareness of the rate filing process requirements on Mar. 5, 2012. The free webcast will be available in French and English. It will take participants through the filing requirements, the relevant legislation and regulations and provide tips to ensure a more efficient […]
Desjardins Group’s Property and Casualty Insurance segment reported a total income of $2.04 billion in 2011, a 25.5% increase over 2010’s total income. The company cites a $261-million increase in net premiums as a contributing factor for the increase in income. Growth initiatives targeting mass markets and groups, both in Quebec and across the country, […]
Metal theft, including the theft of copper wiring, is a growing problem, according to the City of Surrey, B.C. “Both local and international supply and demand strongly influence wire and metal theft,” the City of Surrey says in a post on its website. “Local wire and metal theft problems can be linked to international demand […]
RSA Canada has launched a mobile app that offers both home and auto claim reporting. The app is available on BlackBerry, iPhone and Android platforms. With it, RSA customers can report a home or auto claim, locate their broker, access product information, find auto repair shops and contact both emergency services and RSA. “Research shows […]
By Canadian Underwriter | February 23, 2012
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