Daily News

Allied World's net income for Q2 at $151.9 million, up from loss in same quarter of 2013

Allied World Assurance Company Holdings, AG reports that its net income for the three months ended June 30, 2014 was US$151.9 million compared to a net loss of US$1.9 million for the same quarter in 2013.
Jul 25, 2014 9:23AM


Alberta spends $80 million to buy out homes located on designated floodways

CALGARY - The Alberta government says it has spent nearly $80 million to buy 71 homes from people in designated floodways as part of its Floodway Relocation Program.
Jul 25, 2014 9:06AM


Oil train cars derail at Seattle rail yard; no spill, but some alarmed

SEATTLE - Nothing spilled when three tanker cars in an oil train derailed at rail yard in Seattle early Thursday, but it alarmed environmentalists.
Jul 24, 2014 3:05PM


Cleanup underway after Kamloops flash floods leave damage in Interior city

KAMLOOPS, B.C. - Cleanup is underway in Kamloops, B.C., as the southern Interior city dries out from flash floods that dumped 25 millimetres of rain in less than half an hour.
Jul 24, 2014 2:20PM


Wildfire season off to slow start in some areas of West, expected to get more intense

GRANTS PASS, Ore. - Widespread drought across the West had forecasters expecting an above-average wildfire season this summer, which so far has not lived up to expectations.
Jul 24, 2014 2:04PM


Fewer small businesses buying cyber liability insurance since Target breach

Businesses outside the information technology sector seem less likely to seek cyber liability insurance since news broke last December 19 about the breach involving Target, suggests Insureon, an insurance provider for small business.
Jul 24, 2014 12:25PM


No rating changes expected in wake of Malaysia Airlines crash

A.M. Best reports in a new briefing that the total insurance loss of Malaysia Airlines Flight MH-17 is not expected to result in any ratings actions.
Jul 24, 2014 10:22AM


Global catastrophes cause $22 billion of insured losses in first half of 2014

Global natural catastrophes for the first half of the year accounted for US$22 billion in insured losses, with more than half occurring in the United States, Impact Forecasting said in a report Wednesday.
Jul 23, 2014 3:21PM


Severe thunderstorm watch in effect for New Brunswick

Much of New Brunswick – which witnessed flooding this spring and continues to clean up in the wake of post tropical storm Arthur – was under a severe thunderstorm watch from Environment Canada Wednesday.
Jul 23, 2014 2:32PM


Toronto-area rehab clinic convicted of fraud, fined $200,000 plus restitution

A Toronto-area rehabilitation clinic has been convicted of several auto insurance fraud-related offences and has been fined $200,000.
Jul 23, 2014 1:11PM


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