What’s new: In brief (May 16, 2004)

Insurance Technology Advisors Ltd. (ITA) has been retained by two Canadian technology firms to conduct market research on p&c insurers Companies participating in the research will also receive an executive report on overall IT trends for the industry. The study will address: IT deployment, vendor management issues, functional areas of interest and IT risk management […]

By Canadian Underwriter | May 16, 2004 | Last updated on October 2, 2024
1 min read

Insurance Technology Advisors Ltd. (ITA) has been retained by two Canadian technology firms to conduct market research on p&c insurers Companies participating in the research will also receive an executive report on overall IT trends for the industry. The study will address: IT deployment, vendor management issues, functional areas of interest and IT risk management profiles, says ITA principal David Plouffe.

Virgin Records CEO Richard Branson has launched a new direct insurer in the U.K. under the mantle of “Virgin Money”. Car, home, travel and pet insurance will be sold by telephone and online, with the company scrapping interest charges for monthly premium payments.

AXA Canada CEO Jean-Francois Blais has won the “Young Executive in Quebec” in the provincial ARISTA competition. Blais, 37, took over the CEO’s role earlier this year following the retirement of Jean-Denis Talon.

Canadian Underwriter

Yukon gets $45M to prevent Whitehorse-area landslides, more money for flood recovery

Risk

Yukon gets $45M to prevent Whitehorse-area landslides, more money for flood recovery

The federal government is contributing $45 million to help prevent landslides along the Whitehorse Escarpment with the aim to protect the land under Whitehorse International Airport and its access road to the Yukon’s capital. The escarpment has been plagued by landslides in the last several years, prompting the construction of a protective barrier along the […]

By Jason Contant | May 7, 2024

1 min read

Regulator defends use of territories for rating auto insurance

Risk

Regulator defends use of territories for rating auto insurance

Ontario’s auto insurance regulator is allowing insurers to explore different ways to rate for territories other than the standard — and rigid — postal code method, but the regulator won’t be banning territorial rates, the regulator’s top exec confirmed Monday. Mark White, CEO of Ontario’s Financial Services Regulatory Authority (FSRA), addressed a question about the […]

By David Gambrill | March 4, 2024

3 min read

Earthquakes Canada receives hundreds of reports in B.C. after 4.9 magnitude quake

Risk

Earthquakes Canada receives hundreds of reports in B.C. after 4.9 magnitude quake

VICTORIA – Earthquakes Canada says a 4.9 magnitude earthquake was recorded Sunday afternoon and public reports poured in from hundreds of kilometres away from the event’s epicentre. John Cassidy, a seismologist with Natural Resources Canada, says people over a “very wide region” of the province have reported feeling the earthquake, which hit just before 3:30 […]

By Jason Contant | December 18, 2023

2 min read