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XL Catlin quadruples North American builder’s risk capacity to US$1 billion

March 9, 2017 by Canadian Underwriter

XL Catlin announced on Wednesday that it has quadrupled its builder’s risk insurance capacity to US$1 billion from US$250 million for construction firms in North America. The increased coverage for high-value commercial real estate projects is the result of a

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Blue Goose Ontario’s Annual Scotch Nosing – Thursday, March 23, 2017

March 9, 2017 by DKI Canada
News CatastrophesCommercial LinesInsurancePersonal LinesReinsurance

Outbreak of severe convective storms across U.S. Midwest causing widespread damage in Missouri, Iowa and Minnesota: RMS

March 9, 2017 by Canadian Underwriter

As of March 8, cumulative preliminary tornado, hail and straight-line wind reports in the United States for the year have all been more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s

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CSIO Appoints Robyn Young of Lundgren & Young Insurance to Board of Directors

March 9, 2017 by CSIO (Centre for Study of Insurance Operations)

(Toronto – March 9, 2017) Centre for Study of Insurance Operations (CSIO) Chairman Steve Whitelaw, Vice President, Strategic Planning and Execution at Travelers Canada, is pleased to announce the appointment of a new member to the CSIO Board of Directors.

News Commercial LinesInsurancePersonal LinesTechnology

Incumbent insurers should rethink businesses, embrace opportunity in digital technology: McKinsey & Company

March 9, 2017 by Canadian Underwriter

The insurance industry is not impregnable and companies would be well-advised to reinvent themselves by incorporating digital technology and allowing it to become a catalyst, suggests a new report issued Thursday by McKinsey & Company. Some executives “know that staying

News InsuranceLegalPersonal Lines

Criminal charges related to auto insurance fraud dropped against Toronto man

March 9, 2017 by Canadian Underwriter

Criminal charges against a Toronto man alleging that he sold fake auto insurance have been dropped. As Canadian Underwriter reported on April 9, 2015, Toronto Police Service charged Min-Hoi Yau with “fraud under $5,000, uttering a forged document and possession

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Study: California fault could cause magnitude 7.4 quake

March 8, 2017 The Associated Press

SAN DIEGO – An earthquake fault running from San Diego Bay to Los Angeles is capable of producing a magnitude-7.4 earthquake that could affect some of the region’s most densely populated areas, according to a study released Tuesday. The study

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DKI Canada grows with the addition of CDN Restoration in Etobicoke, ON.

March 8, 2017 by DKI Canada

CDN Restoration Inc. Is DKI Canada’s Newest Member. Mississauga, ON – March 8, 2017 – DKI Canada is proud to announce the addition of CDN Restoration DKI to the organization. CDN Restoration has provided property restoration services in Etobicoke and surrounding areas

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Flood insurance reform bill re-tabled in U.S. congress

March 8, 2017 by Canadian Underwriter

A bill aimed at increasing participation by the private sector in the flood insurance market in the United States was tabled Wednesday in the House of Representatives, a U.S. congressman from Florida announced. The Flood Insurance Market Parity and Modernization

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Steve McDonald of St. Albert wins 2017 Toyota Tacoma in Select Sweepstakes

March 8, 2017 by Economical Insurance

With his wife, Renée, Steve McDonald (2nd from left) receives the keys to a new 2017 Toyota Tacoma as a winner in the Select Sweepstakes.  Presenting the new vehicle are Jeff Hughson (left) of MBS Insurance Brokers of Edmonton, and

News CatastrophesCommercial LinesInsurancePersonal Lines

Severe weather outbreaks in U.S. in February lead to billion-dollar payout for insurance industry: Aon Benfield

March 8, 2017 by Canadian Underwriter

Prolific severe weather outbreaks in the United States lead to an expected billion-dollar payout for the insurance industry as no fewer than five outbreaks of severe weather impacted portions of the country during February, according to Impact Forecasting’s latest Global

News Commercial LinesInsurancePersonal Lines

Non-standard auto insurer Echelon completes sale of European operations

March 8, 2017 by Canadian Underwriter

Echelon Financial Holdings Inc. announced Tuesday it has completed the sale of its European operations, which provide non-standard auto through Danish insurer Qudos Insurance A/S. At current exchange rates, Mississauga, Ont.-based Echelon will receive about $5.1 million on closing “and