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Insurance News |
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Canadian Underwriter : Headline News
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Latest industry news headlines from Canadian Underwriter
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SGI proposes rate increase for auto customers
SGI has proposed a net increase of 3.7% for Saskatchewan Auto Fund rates. If approved, the rate changes would take effect Aug. 4, 2012.The public insurer submitted its proposal to the Saskatchewan Rate Review Panel for "rate rebalancing."... [Full Story]
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Watch out for pizza delivery risk during the Super Bowl
As the United States gears up for the Super Bowl on Feb. 5, insurers are warning of the escalation of risks specific to the big football game.Take pizza delivery, for example.As U.S. households hunker down for the big game, which starts around... [Full Story]
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Insurance Institute launches Serious Injury program for adjusters
The Insurance Institute, in collaboration with the Ontario Insurance Adjusters Association (OIAA), is officially launching a training program to help adjusters understand serious injuries. Understanding Serious Injury: Adjuster Training &... [Full Story]
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RSA unveils platform for commercial, personal and large commercial and specialty lines
Now that its acquisition of GCAN is complete, RSA has unveiled its ‘stem-to-stern' proposition, including a suite of offerings in commercial, personal and large commercial and specialty lines.Since acquiring GCAN in January 2011, RSA... [Full Story]
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California, New York and Washington mandate climate change information from insurers
The California Department of Insurance (CDI) has joined with Washington State and New York to require insurers to respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners (NAIC). California,... [Full Story]
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OSFI posts new form for reporting a change to a fiscal year end
Federally regulated property and casualty insurers and other financial institutions are expected to fill out a return informing Canada's federal solvency regulator about any intended change to a company's financial year-end.The Office of the... [Full Story]
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Canada, B.C. jointly invest $36 million to provide greater flood protection in B.C.
The Governments of Canada and B.C. have jointly invested $36 million to provide greater flood protection for 20 communities across B.C. "Our government is committed to strengthening our communities and protecting Canadians," Lynne Yelich,... [Full Story]
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Mondial Assistance Canada becomes Allianz Global Assistance
Mondial Assistance Canada, an assistance and specialty insurance provider, has become Allianz Global Assistance as of Feb. 1, 2012.The name change is part of a global brand transition expected to be completed in late 2012. Mondial Assistance... [Full Story]
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Seismic models allow U.S. nuclear facilities to reassess seismic risk
A new seismic model allows U.S. nuclear facilities in the central and eastern United States to reassess their seismic hazards.The model and report, The Central and Eastern United States Seismic Source Characterization for Nuclear Facilities,... [Full Story]
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Anticipation of risks not enough, organizations need to build resilience: Willis CEO
The nature of traditional property and casualty risks is shifting, and people can no longer rely entirely on the purchase of insurance to mitigate them, said Joe Plumeri, chairman and CEO of Willis Group. Plumeri spoke recently at the 2012... [Full Story]
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