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APTOPIX Hurricane Matthew North Carolina
News CatastrophesCommercial LinesInsurancePersonal Lines

Hurricane Matthew clocks top wind speed for 2016 at 101 miles per hour (162.5 km/h): CoreLogic

January 16, 2017 by Canadian Underwriter

Hurricane Matthew, which became the first Category 5 Atlantic hurricane since Felix in 2007, clocked the top wind speed for 2016 at an estimated 101 miles per hour (about 162.5 kilometres per hour) on Oct. 6, according to CoreLogic’s Windy

Malaysia Honda Air Bags
News InsuranceLegalPersonal Lines

Three Takata workers indicted, accused of hiding air bag defects

January 13, 2017 Tom Krisher, Dee-Ann Durbin and Ed White - THE ASSOCIATED PRESS

DETROIT – A federal grand jury in Detroit has indicted three former employees of Takata Corp., charging them with concealing deadly defects in the Japanese company’s automotive air bag inflators. The indictments on six counts of conspiracy and wire fraud

News CatastrophesCommercial LinesInsurancePersonal Lines

Freezing rain causes accidents, closures in U.S. southern Plains

January 13, 2017 Jim Salter - THE ASSOCIATED PRESS

ST. LOUIS – A thick glaze of ice covered roads from Oklahoma to southern Illinois on Friday amid a winter storm that caused numerous wrecks, forced cancellation of schools, grounded flights and prompted dire warnings for people to stay home.

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News Commercial LinesEarnings / RatingsInsuranceProfessional DevelopmentTechnology

U.S. professional liability market to remain robust in 2017, with competitive level for D&O and E&O businesses remaining heightened: A.M. Best

January 13, 2017 by Canadian Underwriter

The professional liability sector of the United States property and casualty insurance market will continue to be robust in 2017, with the competitive level for directors and officers (D&O) and errors and omissions (E&O) businesses specifically remaining heightened, A.M. Best

News InsuranceTechnology

TSB continues call for Canada-wide standards for locomotive data recorders

January 13, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada is reiterating a call it made 14 years ago for the federal government to put standards in place for data recorders in train locomotives. TSB is a separate organization from Transport Canada that investigates

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News InsuranceMarkets / CoveragesProfessional DevelopmentTechnology

Worldwide IT spending forecast to grow 2.7% in 2017: Gartner

January 13, 2017 by Canadian Underwriter

Worldwide spending on information technology is projected to total US$3.5 trillion in 2017, a 2.7% increase from 2016, according to Gartner, Inc. Gartner, a Stamford, Conn.-based IT research and advisory company, noted in a statement on Thursday that the growth

Oil Refinery, Chemical & Petrochemical plant abstract at night.
News Climate ChangeCommercial LinesInsuranceMarkets / CoveragesPersonal LinesTechnology

Canada’s energy, utilities sectors should beef up climate change competency: report

January 13, 2017 by Canadian Underwriter

Companies in Canada’s most carbon-intensive sectors are not demonstrating “climate competency” in the boardroom and should be doing so to address climate change issues, suggests a report this week by Shareholder Association for Research & Education (SHARE). “Investors are increasingly

Fiat Chrysler-Diesel Emissions
News InsuranceLegalLegislation / RegulationPersonal LinesTechnology

Fiat Chrysler Automobiles receives notice of violation for alleged failure to disclose software that increases air pollution from vehicles

January 13, 2017 by Canadian Underwriter

The U.S. Environmental Protection Agency (EPA) announced on Thursday that it has issued a notice of violation to Fiat Chrysler Automobiles N.V. and FCA US LLC (collectively FCA) for allegedly failing to disclose software that increases air pollution from vehicles.

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News Commercial LinesInsuranceLegal

Injured federal worker’s lawsuit against employers can proceed

January 13, 2017 by Canadian Underwriter

The Supreme Court of Canada announced Thursday it will not hear an appeal from a construction worker who was named in a statement of claim by a federal employee in Whitehorse, paving the way for an injured worker to sue

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insPRESS Insurance

-30- Forensic Engineering Promotes Pablo Robalino to Senior Associate within Civil/Structural Group

January 13, 2017 by -30- Forensic Engineering

(TORONTO) — 30 Forensic Engineering, Canada’s leading and fully-independent multi-disciplinary forensics firm, is pleased to announce the promotion of Pablo J. Robalino, M.Sc., P.Eng, PMP to Senior Associate within the Civil/Structural group. Pablo is a structural forensic engineering specialist and project

News InsuranceProfessional DevelopmentTechnology

Canadian Underwriter, DMTI Spatial webinar on Feb. 15 to explore analytics, location intelligence in insurance

January 12, 2017 by Canadian Underwriter

Canadian Underwriter magazine and DMTI Spatial are offering a webinar Feb. 15th on advanced analytics and location intelligence. The webinar, scheduled at 10:00 a.m. Eastern time, is titled Adapting to Digital Disruptions: How Advanced Analytics and Location Intelligence Helps the

News InsuranceMarkets / CoveragesTechnology

Worldwide spending on 3D printing to reach US$29 billion in 2020: International Data Corporation

January 12, 2017 by Canadian Underwriter

Worldwide purchases of 3D printers, materials, software, and related services are expected to experience a five-year compound annual growth rate (CAGR) of 22.3%, with revenues reaching US$28.9 billion in 2020, according to the International Data Corporation (IDC). Earlier this week,