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California Storms
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Small tornado touches down as storm wallops California

January 11, 2017 Eric Risberg and Janie Har - THE ASSOCIATED PRESS

SAN FRANCISCO – A small tornado was whipped up as part of a powerful band of thunderstorms that moved through Northern California during the latest deluge that has downed trees, swollen rivers and prompted evacuations over flood fears. The tornado

City deals in the making
News Commercial LinesInsuranceMarkets / CoveragesPersonal LinesTechnology

Ontario brokerage Smith & Associates Insurance consolidates with The Standard Insurance Brokers

January 10, 2017 by Canadian Underwriter

Thunder Bay, Ont.-based brokerage Smith & Associates Insurance has announced its consolidation with The Standard Insurance Brokers, effective Tuesday. This consolidation will allow both organizations to offer a broader scope of products to clients, enhance their long established relationships with

Huge hurricane between Florida and Cuba. Elements of this image furnished by NASA
News CatastrophesClimate ChangeCommercial LinesEarnings / RatingsInsurancePersonal LinesReinsurance

2016 Q4 preliminary loss estimate for natural catastrophes US$245 million: XL Group

January 10, 2017 by Canadian Underwriter

XL Group Ltd.’s insurance and reinsurance segments are almost evenly split with regard to accounting for the company’s approximately US$245 million, natural catastrophe net loss estimate for the fourth quarter of 2016. The preliminary loss estimate “is pre-tax and net

Interesting reflection and lines formed by two modern glass architecture.
News Commercial LinesConstructionInsuranceLegalMarkets / CoveragesPersonal Lines

CMW Insurance Services, Capri Insurance Services merger positions new company for growth

January 10, 2017 by Canadian Underwriter

The merger of CMW Insurance Services Ltd. and Capri Insurance Services Ltd. creates one of the largest independent, employee-owned insurance brokerages and risk management firms in Western Canada, the companies reported Monday. Effective Jan. 1, 2017, “the merger leverages the

California Storms
News CatastrophesCommercial LinesInsurancePersonal Lines

Storm floods vineyards, forces evacuations in Calif., Nevada

January 9, 2017 Ellen Knickmeyer - THE ASSOCIATED PRESS

FORESTVILLE, Calif. – A massive storm system stretching from California into Nevada lifted rivers climbing out of their banks, flooded vineyards and forced people to evacuate after warnings that hillsides parched by wildfires could give way to mudslides. Northern California’s

Deep South Weather
News CatastrophesClimate ChangeCommercial LinesInsurancePersonal Lines

15 U.S. weather and climate disasters in 2016 caused US$46 billion in damages: NOAA

January 9, 2017 by Canadian Underwriter

The United States experienced 15 “weather and climate disasters” last year – each with losses exceeding US$1 billion – for a total of US$46 billion, the National Oceanic and Atmospheric Administration (NOAA) reported on Monday. The disasters, which included eight

News CatastrophesCommercial LinesInsurancePersonal Lines

Winter storm dumps 35 centimetres of snow on parts of Atlantic Canada

January 9, 2017 The Canadian Press

HALIFAX – Parts of Atlantic Canada were digging out Sunday after a winter storm dumped 35 centimetres of snow on some areas. Environment Canada says as much as 35 centimetres of snow fell over parts of Nova Scotia and P.E.I.

Plows Clearing the Road of Snow
News CatastrophesCommercial LinesInsuranceMarkets / CoveragesPersonal Lines

States of emergency declared in Alabama, Georgia and the Carolinas ahead of winter storm

January 6, 2017 Jeff Martin and Tom Foreman Jr. - THE ASSOCIATED PRESS

ATLANTA – Shoppers emptied shelves of bread and milk, road workers began working 12-hour shifts, and states of emergency were declared in Alabama, Georgia and the Carolinas ahead of a winter storm stalking the South. Winter storm warnings were issued

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Carpooling apps could reduce traffic 75% in New York City and help with pollution, energy usage: MIT study

January 6, 2017 by Canadian Underwriter

Using carpooling options from companies like Uber and Lyft could reduce the number of vehicles on the road in the New York City by a factor of three without significantly impacting travel time, according to a new study from the

Stormy Weather Ahead Road Sign Against Ominous Dark Sky
News CatastrophesClimate ChangeCommercial LinesConstructionEarnings / RatingsInsurancePersonal LinesReinsurance

Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ

January 6, 2017 by Canadian Underwriter

Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the

Close-up of a men driving and smoking joint
News InsuranceLegalPersonal Lines

Drug-impaired driving incidents in Ontario’s York Region up in 2016, “trend indicates continuing increases”: police

January 5, 2017 by Canadian Underwriter

Ontario’s York Regional Police (YRP) is reporting that while the number of charges for drug-impaired driving is down slightly for 2016 from the previous year, the number of incidents has risen “and the trend indicates continuing increases.” YRP – whose

Mergers and acquisitions
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Hub International acquires Saskatchewan brokerage “association” Mainline Insurance Brokers Inc.

January 4, 2017 by Canadian Underwriter

Global insurance brokerage Hub International announced on Wednesday that it has acquired Canadian-based Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and Cathedral Insurance Services (1995) Ltd. (together as Mainline). Terms of the acquisition were