Industry
CHIPMAN, N.B. – A fire destroyed a well-known diner in the village of Chipman overnight. Barry Armstrong, deputy chief of the Chipman Fire Department, says there was quite a bit of smoke coming from the upstairs of D’s Diner & Lodging when firefighters arrived around 2 a.m. Monday. The upstairs of the building used to […]
By Canadian Underwriter | April 6, 2015
1 min read
As motorcycle season begins, Saskatchewan Government Insurance is reminding drivers and riders of traffic law changes that have come into effect, stemming from safety recommendations of the Motorcycle Review Committee. In 2013, Saskatchewan saw 244 crashes involving a motorcycle “Motorcyclists are at a higher risk of injuries than those travelling in a passenger vehicle,” said […]
2 min read
Three months after the Ontario government changed its building code to allow construction of wood frame buildings up to six storeys in height, Toronto City Council is asking the ruling Liberals to move quickly to implement rules on safe construction of such buildings. Toronto City Council voted last week in favour of a motion asking […]
An autonomous car’s recent 3,400-mile U.S. road trip proves there’s at least one thing computers do better than humans: Follow the speed limit. Auto supplier Delphi Corp. fitted an Audi Q5 with radar, cameras and laser sensors to navigate the 15-state journey from San Francisco to New York, mostly travelling on highways. The car drove […]
3 min read
Insurers have become increasingly pessimistic about the possibility of a material change in interest rates this year, suggested a study published Thursday by ratings firm A.M. Best Company Inc. The special report, titled A.M. Best Winter 2014 – 2015 Insurance Industry Survey, revealed that 67% of respondents believe that interest rates will remain below 2.25% […]
By Canadian Underwriter | April 2, 2015
Hub International Limited announced Thursday it has acquired two Canadian-based home warranty businesses in a move that will help the company deliver comprehensive risk and insurance solutions to both the construction industry and homeowners. Both acquired companies offer warranties “through a rigorous inspection process that minimizes risk and loss in order to limit exposure to […]
A new report from Towers Watson has suggested that price-conscious buyers under 30 years of age are driving a fundamental shift in how insurance is bought. Many under-25s are far more risk aware and interested in financial security than previously thought, the study said The study, The shifting balance of power, surveyed 7,136 consumers across […]
4 min read
Europe’s four largest reinsurers, as well as the Lloyd’s market, posted “very strong underwriting results” in 2014, but they continue to face pressure from alternative sources of capital, A.M. Best Company Inc. suggested a report released Wednesday. “The major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized,” […]
By Canadian Underwriter | April 1, 2015
CAA Insurance Company (Ontario) announced on Wednesday that it is unveiling CAA Distinct – a comprehensive risk management solution for high net worth members in Ontario. CAA Distinct is a new insurance program designed specifically to address the complex risks faced by such clients, CAA said in a press release. Through CAA Distinct, members have […]
ACE Group announced on Monday the launch of its high net worth personal insurance capabilities in Canada through ACE Private Risk Services, which will offer insurance solutions for Canadians as well as Americans and other foreign citizens with properties in Canada. “Independent agents and brokers, and the financially successful individuals and families they advise, stand […]
5 min read
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