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Air bag maker Takata bankruptcy expected Monday in Japan, U.S.

June 26, 2017 Tom Krisher - THE ASSOCIATED PRESS

DETROIT – Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was done in by defective air bag inflators

News CatastrophesClimate ChangeCommercial LinesInsurancePersonal LinesProductsReinsuranceTechnology

AIR Worldwide releases probabilistic crop hail model for Canada

June 26, 2017 by Canadian Underwriter

AIR Worldwide has released what the catastrophe risk modelling firm calls the industry’s first crop hail model to provide stakeholders across the crop insurance value chain with a probabilistic view of the effects of hail on Canadian crops. Currently available

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30 Forensic Engineering Celebrates International Women in Engineering Day

June 24, 2017 by -30- Forensic Engineering

International Women in Engineering Day (INWED) is a global event that was established to promote the incredible career opportunities available to women in the field of engineering. This awareness campaign was originally launched in 2014 by the Women’s Engineering Society

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CEP Forensic’s Nicolas Geoffroy to present at the COM 2017 – Conference of Metallurgists in Vancouver, BC

June 23, 2017 by Cynthia Galazzo

CEP is proud to announce that Mr. Nicolas Geoffroy, P.Eng., Ph. D., Metallurgist, will be presenting at the COM 2017 Conference of Metallurgists in Vancouver, BC, August 27-30, 2017. Held annually, this conference draws 800-1000 international researchers and industry leaders.

News Earnings / RatingsInsuranceMarkets / Coverages

Weaker inflation slows to 1.3%, could weigh on Bank of Canada’s rate decision

June 23, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator. Weaker year-over-year growth in gasoline prices last month

News InsuranceMarkets / CoveragesMergers and Acquisitions

Global acquirers underperformed in the second quarter: Willis Towers Watson

June 23, 2017 by Canadian Underwriter

The global mergers and acquisitions (M&A) market underperformed in the second quarter of 2017, as Europe M&A bucked the trend and market volatility and economic uncertainty depressed performance in North America and Asia, according to Willis Towers Watson’s (WTW) latest

News InsuranceMarkets / Coverages

Federal bill aiming to ‘promote greater shareholder democracy’ tabled in Senate

June 23, 2017 by Canadian Underwriter

A bill proposing to give shareholders the option, under the Canada Business Corporations Act, to vote against corporate directors rather than merely withholding votes – and to abolish bearer shares – was tabled Wednesday in the Senate. Bill C-25 “makes

News CatastrophesCommercial LinesInsuranceMarkets / Coverages

Officials say damaged rail line to Churchill, Man. could be fixed in two months

June 23, 2017 The Canadian Press (CPSTF)

WINNIPEG – Indigenous and municipal leaders from northern Manitoba say a broken rail line to Churchill could be fixed in about two months if governments and the railway owner are willing to spend the money. Chief Betsy Kennedy of the

News Commercial LinesInsuranceLegislation / RegulationMarkets / Coverages

Bill eliminating federal tax exemption for farming and fishing insurers passed into law

June 23, 2017 by Canadian Underwriter

The federal government passed Thursday a law eliminating the tax exemption for insurers covering farming and fishing properties. Bill C-44 is omnibus legislation that implements, among other things, some provisions of the federal budget 2017-18, tabled March 22. In addition

News InsuranceLegalPersonal Lines

Legalizing recreational marijuana linked to increased crashes: U.S. Highway Loss Data Institute

June 23, 2017 by Canadian Underwriter

Legalizing recreational marijuana use in Colorado, Oregon and Washington has resulted in collision claim frequencies that are about 3% higher overall than would have been expected without legalization, according to a new analysis from the Highway Loss Data Institute (HLDI).

News Commercial LinesInsuranceMarkets / CoveragesTechnology

Cyber line expected to be one of the leading P&C growth areas in the U.S. over the next few years: A.M. Best

June 23, 2017 by Canadian Underwriter

The cyber line of business is expected to be one of the leading growth areas within the property and casualty space in the United States, with cyber coverages estimated to increase between US$7.5 billion to US$20 billion by 2020, a

News InsuranceTechnology

Companies plan to spend more on cloud computing services this year, higher prices among drivers: Clutch

June 23, 2017 by Canadian Underwriter

Companies are planning to spend more on cloud computing services in 2017, but must be cognizant that anticipated costs could balloon absent appropriate monitoring and use, suggest survey results released this week by Clutch. Reflecting input from 283 IT professionals