Industry
Highcourt Partners Ltd. of Toronto announced this week an agreement to acquire The Galileo Group, a brokerage with Lloyd’s binding authority with offices in Toronto and Vancouver. Highcourt Partners, a corporate broker and risk consultant, is a member of the UnisonBrokers global network. “In addition to Highcourt’s current offering of boutique risk consulting, risk management […]
By Canadian Underwriter | September 11, 2014
1 min read
About one in six pickup trucks stolen in the United States the four-year period ending in 2013 were unrecovered as of five months ago, and the urban areas with the highest rates of unrecovered vehicles are near the southern border, the National Insurance Crime Bureau said in a report announced Thursday. NICB’s report covers certain […]
2 min read
CALGARY – Commuters needed hours to get to work, snow-laden tree branches groaned and snapped and thousands of people were without power Wednesday after a second major taste of winter hit Calgary with 10 days to go before summer’s end. Trees were uprooted and roads clogged with broken branches. The power outages, which at one […]
By Canadian Underwriter | September 10, 2014
5 min read
As a part of its anti-distracted driving ‘Your Last Words’ campaign, Manitoba Public Insurance announced Tuesday the release of a simulator designed to encourage people to stop texting while they drive. The simulator will be available both online at yourlastwords.ca and as a portalble, event version. “The simulator is interactive, sending scripted texts to participants who […]
Some financial industry executives responding to a recent survey cited road infrastructure, mass transit links and timely health services as areas of concern in Toronto, the Conference Board of Canada suggested in a recent report, titled Growing Financial Services Headquarters in Toronto. The objective of the survey, of financial services executives, was to “identify the […]
NEW YORK — Shares of home-improvement retailer Home Depot sank before the opening bell Tuesday after confirming that its payment systems had been hacked, potentially exposing millions of shoppers who used credit and debit cards at its more than 2,000 U.S. and Canadian stores. The breach could turn out to be one of the biggest […]
3 min read
Almost 70% of financial losses between 2009 and 2013 arose from 10 causes of loss, with ship groundings topping the list, concludes an analysis released Wednesday by Allianz Global Corporate & Specialty (AGCS). The largest single identified cause of loss by total value was ship groundings, reflecting the high values of modern shipping risks, notes […]
4 min read
More than 63% of the 1,201 qualified Canadian drivers taking part in a Traffic Injury Research Foundation (TIRF) survey reported that they felt drug-impaired drivers posed a serious threat to traffic safety. Survey results show the youngest (71.9%) and oldest (78.5%) polled drivers expressed the most concern about drug-impaired drivers, notes a statement from TIRF, […]
Commercial insurance prices in the United States rose 3% in aggregate during 2014 Q2, confirming the moderation in price increases that began last year, note findings in Towers Watson’s latest Commercial Lines Insurance Pricing Survey (CLIPS). Survey results issued this week – which compare carriers’ pricing on policies underwritten during the second quarter of 2014 […]
The Insurance Information Institute warned Tuesday that the availability and price of terrorism insurance is “tightening” in the United States due to uncertainty over the impending expiry of the Terrorism Risk Insurance Act, which was initially passed in 2002. TRIA requires commercial insurers in the U.S. to cover losses in incidents which are “certified” by […]
By Canadian Underwriter | September 9, 2014
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