Daily News

U.S. commercial terrorism insurers will 'likely be required to maintain higher capital standards'

With 12 days to go before the United States Terrorism Risk and Insurance Act (TRIA) expires, a risk modeling vendor predicts that commercial insurers who continue to cover terrorism in the U.S. after Dec. 31 will "likely be required to maintain...
Dec 19, 2014 3:57PM

Petroleum producers call on New Brunswick to hold off on fracking moratorium

The Canadian Association of Petroleum Producers (CAPP) is urging the New Brunswick government to reconsider its decision Thursday to move forward with prohibiting hydraulic fracturing in the province.
Dec 19, 2014 1:44PM

FBI says it has conclusively linked North Korean government to devastating Sony hack

WASHINGTON - The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack against Sony Pictures Entertainment, providing the most detailed accounting to date of a hugely...
Dec 19, 2014 12:07PM

Risk tolerance for innovation in line with ability to absorb financial losses for most Canadian businesses

Only a tenth of Canadian businesses are truly risk averse, with the majority’s risk appetite for innovation matching their ability to withstand potential financial losses, according to a new survey report form the Conference Board of...
Dec 19, 2014 11:44AM

Report: U.S. government lacks disaster relief co-ordination, unprepared for handling nuclear attack

WASHINGTON - The U.S. government isn't fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacking effective co-ordination, and in some cases is years away from ensuring adequate emergency shelter and...
Dec 19, 2014 11:17AM

Sony hack adds to pressure on companies to step up information security

BEIJING - Faced with rising cybercrime like the attack on Sony Pictures Entertainment, companies worldwide are under pressure to tighten security but are hampered by cost and, for some, reluctance to believe they are in danger.
Dec 19, 2014 9:21AM

U.S. P&C industry sees $2.9 billion profit in first nine months, despite higher cat losses

Underwriting performance in the U.S. property and casualty industry in the first nine months of this year still lagged behind 2013, but remained favorable, rating agency A.M. Best said Thursday.
Dec 18, 2014 3:43PM

Q&A: Drones can peer inside big Midwest storms, might help explain how tornadoes form

DENVER - Researchers say they have collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. Now, they want to expand the project in hopes of learning more about how tornadoes form.
Dec 18, 2014 3:08PM

New Brunswick government introducing moratorium on hydraulic fracturing

FREDERICTON - The New Brunswick government is introducing a moratorium on hydraulic fracturing that the premier says won't be lifted until five conditions are met.
Dec 18, 2014 2:32PM

Remote sensing, cognitive computing useful tools for insurers, report suggests

Insurance carriers need to change the tools they use to manage risk, and insurance professionals can help clients manage risk by using cognitive computing, Aite Group LLC suggested in a recent research note.
Dec 18, 2014 1:43PM

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