Industry
Stephen Coombs has been appointed director of Ontario sales of Strone, which has provided emergency and restoration services to the insurance industry since 1987. Strone has 13 branches throughout Ontario and one in Montreal. Coombs has played an integral part in the development of Strone for more than 10 years, having fostered strong relationships and […]
By Canadian Underwriter | December 15, 2011
1 min read
This year will go on record as the most expensive year for the global insurance industry, second only to 2005, according to Swiss Re’s sigma records. Given roughly $108 billion in insured catastrophe losses in 2011, this year is thus far just shy of 2005’s record of $123 billion in insured catastrophe losses. Year 2005 […]
The 2009 Toyota Venza has trumped the 2000 Honda Civic SiR as the most frequently stolen vehicle in Canada in 2011, reports the Insurance Bureau of Canada (IBC). Also, many of the stolen vehicles are showing up in the local market and being sold to unsuspecting consumers instead of being exported out of Canada, representing […]
By Canadian Underwriter | December 14, 2011
Rick Orr has been elected as the Insurance Brokers Association of Ontario (IBAO)’s 69th president. He was officially inducted at the IBAO Convention in October, and will formally assume his role as president on Jan.1, 2012.Orr is the co-owner of Orr Insurance Brokers Inc. in Stratford, Ontario. He is a fourth generation insurance broker working […]
XL Group is growing its presence in Toronto with three new additions to its North America Property & Casualty insurance team.The new hires include Betty Bingler, vice president of sales and marketing; Melissa Plaxton, senior underwriter for excess casualty; and Martina Perdue, environmental underwriter. Bingler joins XL from ACE, where she served as vice president […]
Quebec’s Panel of Experts on Automobile Insurance Contributions is recommending to Quebec’s auto insurer, the Société de l’assurance automobile du Québec (SAAQ), that license fees for motorbikes should better reflect the real risk of driving motorcycles.The mandate of the Panel of Experts is to review the approach taken by the SAAQ and the data it […]
By Canadian Underwriter | December 13, 2011
2 min read
The month of December has the second-highest average of collision victims after January, according to MPI’s collision data. The police-reported collision data was collected over a five-year period (2005-09). Over the last three years, a total of 25 people have been killed in December on Manitoba roadways. On average, the month sees 733 collision victims, […]
A team of Insurance Corporation of B.C. (ICBC) employees sporting moustaches throughout the month of November managed to raise more than $35,000 for Prostate Cancer Canada.The initiative was part of the ‘Movember Campaign.’ During November of each year, in Canada and around the world, men sprout moustaches on their upper lips to raise funds and […]
SAS Canada and TransUnion, a credit and information management firm, have teamed to develop a predictive model aimed at tracking down fraudsters more effectively. The model will leverage credit file information, in addition to fraud data from a consortium of financial institutions, to enhance fraud detection, a SAS release says.Participating institutions will have access to […]
The Insurance Brokers Association of Ontario (IBAO) has announced its title sponsorship of the Alliance Hockey, House League, House League Select and Minor Development championships. The championships will run the first two weeks in April, in Hamilton, Stratford and Woodstock, Ont. More than 200 teams and 4,000 participants will take part in the championships. Alliance […]
By Canadian Underwriter | December 12, 2011
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