Daily News

New course focuses on leadership challenges in Canada's P&C industry

The Insurance Institute has announced its final “capstone” course for the Fellow Chartered Insurance Professional Program (FCIP).
Jun 18, 2013 12:52PM

XL launches new environmental coverage for operators at North American airports

XL Group plc's (NYSE: XL) environmental business segment is offering pollution insurance protection for Fixed Base Operators at North American airports.
Jun 18, 2013 12:24PM

Toronto street tops worst roads list for Ontario

Toronto roads took four of the 10 spots on CAA’s Worst Roads List, with Dufferin Street making the list for the seventh time in total.
Jun 18, 2013 11:54AM

April storm in New Zealand caused $36 million in insured damage

A storm that hit New Zealand in late April has caused more than $36 million in insured damage, the Insurance Council of New Zealand reported Tuesday.
Jun 18, 2013 10:54AM

U.S. insurance execs acknowledge need to modernize core systems

Two-thirds of the approximately 200 insurance executives taking part in a survey earlier this month say they are dealing with aging legacy systems, a situation that SAP AG suggests is a prevailing hindrance to reaching new markets and managing...
Jun 18, 2013 9:27AM

New Solvency II proposals won't settle disputes on capital levels: Fitch

The European Insurance and Occupational Pensions Authority (EIOPA) has released its recommendations on “long-term guarantee products” in the Solvency II regime, but one firm says the proposals aren’t enough to cool disputes...
Jun 17, 2013 3:00PM

Hannover Re estimates Europe flood loss of above 100 million euros

While it’s still too early to have a precise estimate of insured losses from flooding in central Europe, Hannover Re said it estimates its net loss could exceed 100 million euros.
Jun 17, 2013 2:00PM

Ontario appeal court rejects bid to force carriers to cover asbestos claims

The Ontario Court of Appeal last week ruled in favour of seven insurance carriers who had written liability policies between 1969 and 1980 for Goodyear Canada Inc., whose U.S. parent is facing asbestos-related lawsuits.
Jun 17, 2013 1:37PM

European insurers well-positioned to take on flood losses

While the total impact of major flooding in central Europe is unclear as the situation develops, ratings firm A.M. Best says it expects economic losses to “far exceed” insured losses.
Jun 17, 2013 12:24PM

Results for Shipowners' Club show growth, suggest long-term stability

The Shipowners’ Club saw a 5.8% increase in gross premiums for the year ended Feb. 20, 2013, achieved through organic growth despite continuing difficult economic conditions and an increasingly competitive market, the company noted in...
Jun 17, 2013 11:58AM