Industry
Seventy people were killed on public roadways in Manitoba in 2014, the lowest annual figure in 30 years, the province’s government auto insurer announced Thursday. “Manitoba road fatalities have been steadily decreasing over the years, with 2014 being the lowest year in three decades,” stated Manitoba Public Insurance Corp., the compulsory auto insurance carrier owned […]
By Canadian Underwriter | February 13, 2015
1 min read
A law giving the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) the power examine certain firm’s records and search through their computers no longer applies to documents in the possession of legal counsel or in law offices premises, the Supreme Court of Canada announced Friday. FINTRAC – established with the passage of Canada’s […]
4 min read
A recently discovered case in Alberta of bovine spongiform encephalopathy (BSE), or mad cow disease, “should not affect current exports of Canadian cattle or beef,” the Canadian Food Inspection Agency said Thursday, though other animals found to have “equivalent risk” will be ordered destroyed and tested for BSE. CFIA confirmed Thursday the presence of BSE […]
American International Group Inc. reported Thursday a 5.3-point improvement in its fourth-quarter combined ratio and a 3% drop in net premiums written in property & casualty, while the combined ratio for the personal insurance sector dropped below 100. New York City-based AIG reported a combined ratio in P&C of 103.4% in Q4 2014, down 5.3 […]
By Canadian Underwriter | February 12, 2015
2 min read
It is too early to predict the impact on Canadian supply chains if there is a labour disruption involving thousands of railway workers at Canadian Pacific Railway Company, but a union official suggested Thursday it “could get a little chaotic” in the event that a work stoppage occurs. A strike or lockout – of locomotive […]
3 min read
Industrial Alliance Insurance and Financial Services Inc. reported Thursday a 3.3-point improvement in its combined ratio and an 8.4% increase, in 2014, of its gross premiums. The Quebec City-based firm operates Industrial Alliance Auto and Home Insurance Inc., as well as group insurance, wealth management, savings and retirement services. In its financial results, Industrial […]
MINSK, Belarus – The peace deal for eastern Ukraine reached on Thursday sets clear deadlines for a cease-fire and the withdrawal of heavy weapons, but resolution of the main political and economic issues behind the conflict was made conditional on a series of difficult steps and put off until the end of the year. The […]
ST. JOHN’S, N.L. – School closures and flight cancellations are piling up in eastern Newfoundland as a major winter storm has moved in from the Grand Banks. Environment Canada says up to 40 centimetres of snow will be whipped up by winds gusting across the Avalon Peninsula at 110 kilometres per hour. Provincial government […]
By The Canadian Press | February 12, 2015
MONTREAL – A Quebec coroner says several factors contributed to the tragic fire at a seniors’ home that killed 32 people a little over a year ago. Cyrille Delage says in his final report into the fire at the L’Isle Verte, Que. home that building codes weren’t properly followed, employees lacked training and there were […]
GROSSETO, Italy – The captain of the shipwrecked Costa Concordia cruise ship was convicted Wednesday of multiple charges of manslaughter and sentenced to 16 years in jail, Italian court officials said. Francesco Schettino was convicted of manslaughter in the deaths of 32 passengers and crew in the Jan. 13, 2012 capsizing as well as of […]
By Canadian Underwriter | February 11, 2015
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