Daily News

BP subsidiary executive: No guarantee of help from parent company to pay penalty for oil spill

NEW ORLEANS - An executive for the BP subsidiary that faces billions of dollars in possible fines for the 2010 Gulf of Mexico oil spill testified Tuesday that it is uncertain whether other BP entities would step in to help pay a steep penalty.
Jan 27, 2015 2:45PM


New Ontario auto insurance dispute resolution system faces constitutional challenge

A Toronto-based personal injury lawyer is challenging, on constitutional grounds, an amendment to Ontario's Insurance Act that changes the dispute resolution for auto insurance claims.
Jan 27, 2015 2:41PM


Little drone, big fears: White House incident occurs amid worries over UAVs

WASHINGTON - A tiny drone that crashed on the White House lawn Monday struck a sensitive area - and not just in the geographic sense.
Jan 27, 2015 11:57AM


Offices closed, flights cancelled throughout Maritimes as storm moves north

HALIFAX - Flights were cancelled and schools, government offices and universities throughout the Maritimes were closed Tuesday as a powerful winter storm unleashed stiff winds and brought heavy snowfall to the region.
Jan 27, 2015 9:53AM


Food bank, playground and homelessness projects among winners of Aviva Community Fund competition

The Aviva Community Fund, the online community funding competition, announced its grand prize winners Tuesday, with insurer Aviva Canada donating $1 million to organizations promoting positive change in various communities across the...
Jan 27, 2015 9:12AM


Prosecution seeks 26 year sentence for Costa Concordia captain for 2012 wreck, says he lied

ROME - Prosecutors asked a court to convict the captain of the Costa Concordia and sentence him to 26 years in prison Monday for the 2012 shipwreck off Tuscany that killed 32 people, saying the term is hardly excessive given the death toll.
Jan 26, 2015 3:49PM


American P&C insurers' net income drops in 2014

Private property and casualty insurers in the United States saw net income fall $5.1 billion to $37.7 billion in the first nine months of 2014 over the same period the year before, ISO, a Verisk Analytics business, and the Property Casualty...
Jan 26, 2015 3:05PM


Alberta premier pledges $20 million to fast track flood claims from 2013

HIGH RIVER, Alta. - The Alberta government is providing an extra $20 million to fast-track the remaining claims from the province's 2013 floods.
Jan 26, 2015 2:24PM


Axis Capital, PartnerRe agree to merge, forming 'a global top 5 reinsurer'

Axis Capital Holdings Ltd. and PartnerRe Ltd. announced Sunday the boards of directors of both insurance firms unanimously approved a merger agreement, which is subject to shareholder approval.
Jan 26, 2015 10:50AM


Nor'easter threatens 250 mile stretch of Northeast with snow, powerful winds, coastal flooding

NEW YORK - The Monday morning commute was normal for much of the Northeast as officials continued to urge residents to prepare for a "crippling and potentially historic'' storm that could bury communities from northern New Jersey to southern...
Jan 26, 2015 9:52AM


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