Industry
WINNIPEG – An internal report from Aboriginal Affairs and Northern Development Canada estimates it will take a $28-million injection of federal funding to reduce the number of deadly fires on Manitoba reserves, but only a fraction of that amount has been approved. In an department quarterly report from December 2011, obtained by The Canadian Press […]
By Canadian Underwriter | October 30, 2014
4 min read
The commercial property/casualty market in the United States appeared to stabilize in 2014 Q3, with negligible price increases overall, note the results of a new survey released Wednesday by the Council of Insurance Agents & Brokers (CIAB). On average, small, medium and large accounts in the third quarter of 2014 rose an average of only […]
3 min read
More than 200 cargo theft incidents occurred in the United States in the third quarter of the year, FreightWatch International reported Wednesday. In the quarter, the organization recorded 194 194 Full-Truckload (FTL) cargo thefts and 14 Last-Mile Courier thefts for a total of 208 incidents in the U.S. Seventy FTL thefts occurred in July, 76 […]
By Canadian Underwriter | October 29, 2014
1 min read
Four recipients of this year’s John E. Lowes Insurance Education Fund Scholarships were announced by the Insurance Institute of Ontario during its annual Lowes Fund Breakfast event in downtown Toronto Wednesday. The fund – a charitable trust dedicated to helping Ontario students complete their full-time post-secondary education, including the study of property and casualty insurance […]
2 min read
Aon has launched an Ebola response product available to all health care institutions, which features worldwide coverage on cases brought in the United States. Negotiated in partnership with Hiscox, the product covers scenarios where existing liability programs may not apply and provides up to $25 million of liability coverage. It is available exclusively through Aon […]
By Canadian Underwriter | October 28, 2014
Marsh & McLennan Companies Inc. reported Tuesday its financial results for the quarter ending Sept. 30, recording a 10% increase in brokerage and risk management subsidiary Marsh Inc.’s third quarter revenues from the United States and Canada. Net income attributable to New York City-based Marsh & McLennan was $297 million on revenues of $3.141 billion […]
SINGAPORE – The longer the Ebola outbreak rages in West Africa, the greater chance a traveller infected with the virus touches down in an Asian city. How quickly any case is detected – and the measures taken once it is – will determine whether the virus takes hold in a region where billions live in […]
By Canadian Underwriter | October 27, 2014
5 min read
OTTAWA – The Transportation Safety Board says the country’s two largest railways and the regional carrier responsible for the Lac-Megantic fire failed to meet their obligations for filing accident information. The federal agency says a total of 254 accidents involving Canadian National, Canadian Pacific and Montreal, Maine & Atlantic were unreported or reported late to […]
By The Canadian Press | October 27, 2014
OTTAWA – Having a clear understanding of how consumers want to be serviced will prove important for brokers and insurers alike in the future, Greg Somerville, president and chief executive officer of Aviva Canada, suggested during the CEO Panel at the Insurance Brokers Association of Ontario’s Annual Convention in Ottawa last week. If one considers […]
Chubb Corp. reported Friday a third quarter net income of $594 million, up from $541 million in the same period of 2013. Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $522 million in the third quarter of 2014 compared to $529 million in the third quarter […]
By Canadian Underwriter | October 24, 2014
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