Industry
The increasing integration of advanced vehicle technology (AVT) into vehicle design means insurers will have difficult decisions to make in the future about financing “cosmetic” versus “functional” repairs, delegates at the Canadian Collision Industry Forum (CCIF) heard in Toronto on Jan. 28.In a panel discussion, presenters and audience members – including collision repair centre representatives, […]
By Canadian Underwriter | January 30, 2012
2 min read
ACE Canada, the Canadian-based operating division of the ACE Group, has appointed Steven Lucas as vice president of national accounts. Lucas will be responsible for leading the business development strategy and will act as the principal contact for ACE Canada’s national account segment. He will report to David Brosnan, country president of ACE Canada. Lucas […]
1 min read
Volatile capital markets and expanding regulations will challenge Canadian property and casualty insurers in 2012, but there are opportunities for success if insurers make the right moves, Ernst & Young says.”To reposition strategically for growth and remain high performers, insurers have to focus on innovation, taking data analysis to new levels and using social networks […]
The Insurance Brokers Association of Ontario (IBAO) has launched a new website tool, MyInsuraceShopper Know Your Stuff-Home Inventory, a free online home inventory software for consumers. The application was designed to help consumers create and update their home inventory easily and efficiently, all within the digital space. It includes free, secure online storage, so consumers […]
Advances in safety technology occur at a rapid pace, but it takes decades for these safety features to spread through entire fleets of vehicles, reports the Insurance Institute for Highway Safety (IIHS).According to the IIHS, it takes at least 30 years for a promising safety feature to spread to 95% of vehicles on the road. […]
By Canadian Underwriter | January 27, 2012
Canadian Underwriter and Swiss Re have teamed up to present a webinar on ‘Making Flood Insurable for Canadian Homeowners,’ on Feb. 16, 2012.The free presentation will be streamed live from 10 a.m. to 11 a.m. EST (Eastern Standard Time).Dr. Jens Melhorn, head of Swiss Re’s flood group, and Paul Kovacs, executive director of the Institute […]
The Organization of Real Time Brokers Implementing Technology (ORBiT) has appointed John Foreman as interim executive director. ORBiT Canada is a national not-for-profit organization of Canadian insurance brokers and carriers dedicated to the advancement of real time transactions in the broker distribution channel. Foreman has served as the vice president of corporate marketing fro CGI […]
Fires have gutted three churches in Canada within the past two months, each of the fires the result of electrical issues, Ecclesiastical Insurance has reported.The churches were located in Port Alberni, British Columbia, Stoney Creek, Ontario and on Newfoundland’s Avalon Peninsula. Electrical issues are among the leading causes of fire in North America. Older churches, […]
The H.W. Kaufman Financial Group, parent company of wholesale broker and underwriting manager Burns & Wilcox, has acquired Chesterfield Canada Inc. as part of a broader deal announced on Jan. 27. The larger transaction involves Kaufman Financial Group purchasing Chesterfield Group Ltd., a London-based insurance broker and underwriting organization with companies in the United Kingdom, […]
An overwhelming 96% of brokerages surveyed believe their insurance buyer clients are most concerned about availability and cost of coverage, according to The Independent, a global coalition of privately owned insurance brokerages and risk management service firms.The Independents surveyed its member firms and also found that nearly half of respondents (48%) also indicated their clients […]
By Canadian Underwriter | January 26, 2012
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