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News CatastrophesInsurancePersonal Lines

Burlington, Airdrie city officials share lessons from 2014 weather disasters

February 2, 2017 Greg Meckbach, Associate Editor

A rain storm in Burlington, Ont. during the summer of 2014 prompted officials from the upper tier of municipal government to take measures to address flood risk on homeowners’ properties, a speaker told insurance professionals at a conference Thursday. On

Feature LegalPersonal Lines

Tight Cap

February 2, 2017 Greg Meckbach, Associate Editor

Some lawyers caution that a recent arbitrator’s ruling out of Ontario in favour of an auto insurer could create problems for plaintiffs and insurers alike since, in some accident benefits claims, treatment plans for neuropsychological assessments are broken down into multiple assessments because of a cap on fees.

News InsuranceLegislation / RegulationPersonal LinesTechnology

Self-driving car prototypes need less human help, data show

February 2, 2017 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES – Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by

News Commercial LinesEarnings / RatingsInsurancePersonal Lines

Allied World combined ratio up 2.8% in fourth quarter of 2016

February 2, 2017 by Canadian Underwriter

Zug, Switzerland-based Allied World Assurance Company Holdings, AG has reported a combined ratio of 99.8% for the fourth quarter of 2016, ending Dec. 31, compared to 97% in the fourth quarter of 2015. Allied World, a global provider of property,

News CatastrophesCommercial LinesEarnings / RatingsInsurancePersonal LinesReinsurance

XL Group reports P&C combined ratio of 94.8% for Q4 2016

February 2, 2017 by Canadian Underwriter

XL Group Ltd. has reported a P&C combined ratio of 94.8% for the fourth quarter of 2016 ending Dec. 31, up 2.5% from the prior-year quarter. For the full year 2016, XL Group reported a combined ratio of 94.2% compared

News CatastrophesCommercial LinesInsurancePersonal LinesReinsurance

Terrorism insurance gaps demand rethinking focus on property: C4 2017 speaker

February 2, 2017 by Angela Stelmakowich

Terrorism insurance programs need a reset to ensure clients are appropriately covered in light of the continuing shift from attacks on property to attacks on people designed to produce mass casualties, Scott Bolton, the U.K.-based director of business development and

News CatastrophesClimate ChangeCommercial LinesPersonal LinesReinsurance

2016 sees highest-ever catastrophe insured losses, hail has impact: Rennie

February 1, 2017 by Angela Stelmakowich

2016 was a year of records: the largest catastrophe-related insured losses in Canada’s history, the biggest loss for a single Cat and the most hail events in the month of July, Carolyn Rennie, managing director of Catastrophe Indices and Quantification

News CatastrophesCommercial LinesInsurancePersonal Lines

PERILS enters into strategic alliance with CatIQ to provide industry loss data for Canada

February 1, 2017 by Canadian Underwriter

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced on Wednesday that it has entered into a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada. With immediate effect,

News InsuranceMarkets / CoveragesPersonal Lines

H.W. Kaufman Financial Group and Burns & Wilcox Canada acquire high-value homeowner’s practice from Quebec-based XN Financial Services

January 31, 2017 by Canadian Underwriter

H.W. Kaufman Financial Group and Burns & Wilcox Canada announced on Tuesday that they have acquired the high-value homeowner’s insurance practice from Quebec-based XN Financial Services, Inc. XN is a subsidiary of The Henner Group, a France-based insurance specialist offering

News InsuranceMarkets / CoveragesPersonal Lines

Chubb expands Signature Suite to personal insurance customers in Canada

January 31, 2017 by Canadian Underwriter

Chubb Insurance Company of Canada announced on Tuesday that it has expanded its Signature Suite to personal insurance customers in Canada. Chubb said in a press release on Tuesday that it has launched an array of complimentary services for its

News Commercial LinesEarnings / RatingsInsurancePersonal LinesReinsurance

A.M. Best projects combined ratio of 100.3% for U.S. industry in 2017

January 30, 2017 by Canadian Underwriter

The industry-wide combined ratio of the United States property & casualty insurance industry is estimated to have deteriorated by 2.4 points to 100.7% in 2016, A.M. Best Company Inc. said in a recent report. The decline in underwriting performance “was

News CatastrophesCommercial LinesInsurancePersonal LinesProfessional Development

ICLR to host webinar on Canadian wildland fire interface maps

January 30, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting its next Friday Forum webinar on Canadian wildland fire interface maps on Feb. 17 at 10 a.m. to 11:30 am EST. The webinar, titled Canadian wildland fire interface maps: Tools