Industry
NEW YORK – U.S. health officials Tuesday laid out worst-case and best-case scenarios for the Ebola epidemic in West Africa, warning that the number of infected people could explode to at least 1.4 million by mid-January – or peak well below that, if efforts to control the outbreak are ramped up. The widely varying projections […]
By Canadian Underwriter | September 24, 2014
3 min read
Trisura Guarantee Insurance Company has announced its acquisition of L’Unique General Insurance’s contract and commercial surety business in all provinces except Quebec. “The L’Unique surety business is a great fit for Trisura and allows us to further strengthen our position in the Canadian marketplace as a market leader in the small to mid-size contractor space. […]
2 min read
ST. JOHN’S, N.L. – A Newfoundland lawyer who lost his bid to hold the province liable for moose-vehicle crashes hopes a panel of appeal court judges will see the novel case differently. Ches Crosbie said Monday he will appeal a provincial Supreme Court ruling that dismissed the class-action lawsuit he spearheaded. He also urged the […]
By Canadian Underwriter | September 23, 2014
OTTAWA – Combining property and casualty insurance with other financial products helps improve both customer retention and margins, speakers suggested Monday at the National Insurance Conference of Canada in Ottawa. “We just bought State Farm,” noted Stephane Morency, senior vice president of development and commercial lines at Desjardins General Insurance Group, in reference to Desjardins […]
By Canadian Underwriter | September 22, 2014
The Canadian Independent Adjusters’ Association (CIAA) has announced that Albert Poon, CIP, most recently CIAA’s 1st vice president, has assumed the role of CIAA national president, effective immediately. In line with the CIAA succession plan in place, Poon (right) takes on duties as CIAA president with the resignation of David Porter (bottom, left). Poon is […]
1 min read
The Insurance Brokers Association of Canada (IBAC) announced Monday that Rodney Hancock, CEO of McFarlan Rowlands Insurance Brokers in London, Ontario, is the recipient of the inaugural Dale Rempel Award of Excellence. The award – in honour of Dale Rempel, IBAC’s highly regarded former president who passed away in 2012 – recognizes excellence in broker […]
There may be a larger number of data breaches attributable to employee errors, but those caused by malware or spyware are most expensive, note survey findings released by Beazley Insurances Services. Managing 5 Lloyd’s syndicates, Beazley is one of the largest insurers at Lloyd’s with operations in Europe, US, Asia & Australia. Beazley – which analyzed 1,500 […]
ST. JOHN’S, N.L. – A judge in Newfoundland and Labrador has dismissed a class-action lawsuit that claimed the provincial government was negligent by failing to do enough to protect drivers from moose-vehicle collisions. Provincial Supreme Court Judge Robert Stack delivered his decision Friday, saying the provincial government was not liable for the collisions and implemented […]
By The Canadian Press | September 20, 2014
WASHINGTON – The government will rewrite sweeping new food safety rules after farmers complained that earlier proposals could hurt business, the Food and Drug Administration said Friday. The FDA’s new proposals would allow farmers to meet water quality standards more easily and to harvest crops sooner after using raw manure as fertilizer. The FDA offered […]
By Canadian Underwriter | September 19, 2014
The House of Commons passed Thursday a bill that — if accepted by the Senate without amendments — would impose strict liability and compulsory pollution insurance on ship owners and also allow the federal government to indemnify airlines and other aviation firms against losses arising from acts such as terrorism, war and insurrection. Bill C-3, […]
4 min read
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