Industry
The marine insurance unit of XL Group has launched Contractor’s Equipment Coverage Solutions. The portfolio of coverages is designed to protect general building, infrastructure and specialty contractors’ equipment. The coverage has a few exclusions and is extremely versatile with adjustable limits, valuation and coinsurance options, XL reports in a release. The flexibility allows tailored solutions […]
By Canadian Underwriter | February 13, 2012
1 min read
Winmar Franchise Corp. is pleased to announce the opening of its newest location in Yorkton, Sask. The location is owned by Doug Maes and Jason Thibodeau. Maes has been successfully operating Winmar Moose Jaw for the past two years. The office is located at 357B 7th Avenue North, PO Box 370, S3N 2W1.
Losing an international game on a team tour is not the only risk players face, according to Lloyd’s. A touring team requires insurance for medical expenses (including emergency assistance) cancellation and delay, personal liability and baggage, the company notes in a Market News report, Play Sport, Will Travel. While the most obvious risk a player […]
The price tag for a sketchy driving record – two violations in three years – could be an insurance premium increase of between 20% and 25%, according to research by InsureEye.The research was conducted using the data from InsurEye Peer Comparison, an interactive online service that compares consumers’ insurance costs with their peers.”To illustrate the […]
By Canadian Underwriter | February 10, 2012
CNA Canada has appointed Rick DeBruyn as assistant vice president and Winnipeg branch manager.DeBruyn joined CNA Canada in 2006 as a senior underwriter. Prior to joining CNA, DeBruyn had worked at ING in Winnipeg, where he has served as senior commercial lines underwriter since 1995. He holds a B.A. in political science from the University […]
Price trumps safety, according to B.C. car buyers surveyed in an Ipsos Reid poll.Only 32% of car buyers in British Columbia listed “safety” as one of their top three considerations when purchasing a vehicle, according to an Ipsos Reid survey conducted in December 2011 on behalf of the Insurance Corporation of B.C. (ICBC). The poll […]
The national average for reconstruction costs grew by 1.51% in 2011, according to Xactware’s 2011 Property Report for Canada. The increase in the overall cost to rebuild was related to a rise in the average cost of building and installation labour rates, the report found. Alberta and Saskatchewan posted the highest average increases, at 3.3% […]
A $3.5-billion total estimate of losses facing mining insurers in 2011 has prompted a 30% withdrawal in insurance capacity since the start of 2011, according to the latest Mining Market Review released by Willis Group Holdings plc (NYSE: WSH).Of these losses, $2.7 billion were a result of natural catastrophe losses, and a further $835 million […]
By Canadian Underwriter | February 9, 2012
The Honda Civic ranks as the most-often repaired vehicle in Ontario, according to data collected from all body shops using Audatex estimating software.Art Lane, an Audatex district sales manager for Ontario, Manitoba and Saskatchewan, posted the information on Twitter. Lane has a demo website, http://artielane.ca/demo, that is not endorsed or supported by Audatex.Lane’s Twitter post […]
Intact Financial Corporation (TSX: IFC) reported an underwriting profit of $118 million in 2011 Q4, up significantly from the $21-million underwriting profit it reported in 2010 Q4.”Our excellent fourth quarter results rounded off a strong year for our company as we recorded our best underwriting performance in the past five years,” Intact Financial Corporation CEO […]
By Canadian Underwriter | February 8, 2012
2 min read
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