Industry
Auto insurance has been most costly and least affordable in Ontario, British Columbia, Saskatchewan and Manitoba, according to a recent study by the Fraser Institute.”Auto insurance premiums have been consistently most affordable in Alberta, Newfoundland & Labrador, Nova Scotia, Prince Edward Island and New Brunswick, where auto insurance is delivered in a regulated, competitive, private-sector […]
By Canadian Underwriter | October 3, 2011
1 min read
Hub International Limited (Hub) has announced that its Hub International TOS (Hub TOS) British Columbia operating unit has acquired the shares of Coastal Insurance Services Ltd. (Coastal).Coastal is a Port Moody, British Columbia (B.C.)-based insurance brokerage firm that has specialized in insuring strata corporations and individual unit owners in B.C. for more than 25 years. […]
Dr. Gordon McBean, director of policy for the Institute for Catastrophic Loss Reduction (ICLR), was elected president of the International Council for Science (ICSU) during the council’s annual general assembly in Rome, Italy on Sept. 30.Under the organization’s rules, McBean will become a member of ICSU’s executive board immediately but will not serve as president […]
A positive relationship exists between the maturity of an organization’s risk management framework and its financial performance, according to early findings from the Aon Risk Maturity Index.Aon launched the index in partnership with the Wharton School of the University of Pennsylvania. It’s a proprietary online tool created to empower risk and finance leaders to assess […]
Zurich Canada has launched a product that focuses on the risk management needs of commercial real estate owners and managers in Canada. The Real Estate Advantage provides a bundled product that includes more than 35 additional property coverages, builder’s risk coverage and ‘Z-choice,’ a customizable environmental liability insurance product. “By offering insurance protection customized for […]
A.M. Best Company’s 2011 Insurance Market Briefing-Canada was held in Toronto on Sept. 8. More than 250 insurance executives attended to hear A.M. Best rating analysts discuss the impact of current economic conditions and rating trends on members of the Canadian insurance industry. The briefing heard panelists discuss Canadian life, property and casualty and reinsurance.
September 30, 2011
Claims Hurricane Irene blows through Quebec and Maritime provinces The verdict is still out on insured losses caused by Hurricane Irene’s three landfalls, but loss estimates for the Caribbean range as high as $1.1 billion. The remnants of Hurricane Irene, which had weakened to a post-tropical storm, lashed parts of Quebec and the Maritime provinces […]
5 min read
Rick Orr, president- elect of the IBAO, has a family tradition in the broker business that traces back to the late nineteenth century.
By David Gambrill, Editor | September 30, 2011
Any long-term single entry multiple company interface (SEMCI) solution has to support CSIO XML standards, respect Insurance Brokers Association of Canada (IBAC) guiding principles, ensure data integrity and, most importantly, increase the broker's efficiency.
By Pat Durepos, President, Keal Technology | September 30, 2011
Insurance industry organizations have collaborated to create a new training program intended to help adjusters better handle serious injury claims.
By Vanessa Mariga, Associate Editor | September 30, 2011
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