Daily News

Loss ratio up 0.4% for Everest Re

Bermuda insurance carrier Everest Re Group Ltd. recently reported a 0.6-point deterioration in its combined ratio for 2015, while premiums earned increased 6%.
Feb 9, 2016 4:02PM

Obama administration plans new high level cyber official

WASHINGTON - The Obama administration is creating a new high-level federal official to co-ordinate cybersecurity across civilian agencies and to work with military and intelligence counterparts, as part of its 2017 budget proposal announced...
Feb 9, 2016 3:46PM

Worldwide IT spending to reach US$2.8 trillion in 2019; Canada, U.S. to spend US$1 trillion in 2017

Worldwide IT spending is forecast to grow from US$2.46 trillion in 2015 to more than US$2.8 trillion in 2019, according to a spending guide released recently by International Data Corporation (IDC), a provider of market intelligence, advisory...
Feb 9, 2016 3:25PM

U.S. Southwest drifting into drier climate state: study

The weather patterns that typically bring moisture to the southwestern United States are becoming more rare, an indication that the region is sliding into the drier climate state predicted by global models, suggested a recent study.
Feb 9, 2016 2:11PM

Catastrophe premiums down 28.4%, loss ratio down 2.1 points for PartnerRe

PartnerRe Ltd.'s combined ratio improved 0.6 points in 2015, while net income dropped 90% in 2015 compared to 2014, the Pembroke, Bermuda-based insurance carrier reported Monday.
Feb 9, 2016 1:04PM

January winter weather causes US$4 billion loss to global economy: Impact Forecasting

A powerful winter storm in the eastern United States during the second half of January is estimated to cost US$2 billion in economic losses, according to Aon Benfield’s catastrophe model development team.
Feb 9, 2016 11:30AM

Cyber attack top business continuity threat for second consecutive year: global survey

Cyber attack and data breach are the top threats perceived by surveyed businesses – at number one and two, respectively, in 2015 – notes a new report released Monday.
Feb 9, 2016 11:10AM

CSIO releases legal advisory report on electronic delivery of pink slips

The Toronto-based Centre for Study of Insurance Operations (CSIO) has released a new legal advisory report to support the broker channel in adopting eSlips, electronic proof of auto insurance in place of traditional paper pink slips.
Feb 9, 2016 10:35AM

Integro coverage offers healthcare institutions protection against medical malpractice claims administration risk

Integro Ltd. has introduced exclusive professional liability/errors & omissions insurance coverage to help protect healthcare institutions with self-insured professional liability programs from claims-handling exposures inherent in...
Feb 9, 2016 9:16AM

Even the ski hill is closed as 'a good dump of snow' lands on East Coast

HALIFAX - It was a familiar story Monday in Atlantic Canada as a nasty storm grounded flights and prompted schools, shops, offices - and even a ski hill - to shut early.
Feb 8, 2016 4:04PM

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