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The Co-operators, U.S.-based Home Fire Sprinkler Coalition advocate for fire safety through new partnership

The Co-operators Group Limited and the Home Fire Sprinkler Coalition (HFSC) announced a formal partnership on Tuesday to advocate for and promote the installation of home fire sprinklers in new construction of homes in Canada. The HFSC said in a press release from The Co-operators that although fire sprinklers may be visible in a hotel […]

By Canadian Underwriter | February 23, 2016

2 min read

Economical Insurance’s combined ratio improves 4.7 points in 2015 from 2014

Waterloo, Ont.-based Economical Insurance reported on Friday a combined ratio of 97.4% for the full-year 2015, a 4.7 point improvement from the 2014 combined ratio of 102.1%. For the fourth quarter of 2015, ending Dec. 31, 2015, the combined ratio improved one point to 98.5% from 99.5% in Q4 2014. Economical said in a press […]

By Canadian Underwriter | February 21, 2016

4 min read

Taking Flight

Drone technology offers the promise of bringing loss assessment and customer service to new heights. But meeting these lofty goals requires down-to-earth considerations, including Canada's existing legislative framework for unmanned aerial vehicles, which presents some challenges for developing an effective use strategy.

January 31, 2016

6 min read

Some insurers expected to adopt standardized first sheet of repairer assignment by mid-2016

An initiative born of the need to standardize items appearing on the first notice of loss (FNOL) assignment from the insurer to the repairer – first announced at last year’s Canadian Collision Industry Forum (CCIF) – is kicking into gear, with several insurers expected to adopt the new approach by mid-2016. “Insurers involved are committed […]

By Canadian Underwriter | January 31, 2016

4 min read