Daily News

Many homeowners under-appreciating construction risks, even as renovation projects rise: ACE

Too many homeowners don’t fully appreciate the risks involved with undertaking renovations to their homes, notes a new whitepaper out of the United States from ACE Private Risk Services.
Sep 29, 2014 2:58PM

Aviva Canada's Community Fund competition returns

Aviva Canada has launched its sixth Aviva Community Fund competition, which provides $1 million to "encourage Canadians to create positive change across the country through community initiatives."
Sep 29, 2014 1:42PM

Some of 2013's weirdest weather had the fingerprints of man made climate change, studies show

WASHINGTON - Scientists looking at 16 cases of wild weather around the world last year see the fingerprints of man-made global warming on more than half of them.
Sep 29, 2014 12:31PM

Major mining-related spills highlight that catastrophic 'black swan' events can take place

The clean-up costs alone of major spills in certain areas – such as British Columbia or Alberta – could be in the tens of millions of dollars, demanding that the mining companies have in place appropriate coverages, suggests a...
Sep 29, 2014 11:42AM

Willis completes $250 million cat bond for California insurance fund

A recent catastrophe bond transaction between Willis Capital Markets & Advisory (WCMA) and State Compensation Insurance Fund (SCIF) illustrates how investors are welcoming well-structured deals in the changing insurance-linked securities...
Sep 29, 2014 9:42AM

OSFI releases revised Minimum Capital Test Guideline effective January

The Office of the Superintendent of Financial Institutions (OSFI) has released a revised Minimum Capital Test Guideline for property and casualty insurers, which comes into force Jan. 1, 2015.
Sep 26, 2014 3:43PM

Premier Prentice announces new measures to prevent floods, speed up flood claims

CALGARY - The province has announced new measures to clear up claims from last year's catastrophic floods in southern Alberta.
Sep 26, 2014 3:00PM

Insurance Institute to start computer-based CIP exams, program for non-insurance leaders

The Insurance Institute of Canada recently announced a certificate program designed to give "deeper" technical knowledge to workers who already have IIC's Chartered Insurance Professional (CIP) designation, as well as a one-day program intended...
Sep 26, 2014 1:52PM

Shift in focus needed to help improve Australia's resilience to natural disasters: draft report

There is a need to shift focus by resetting the balance between preventing the worst impacts of a disaster in Australia and paying increasing bills for recovery and rebuilding, suggests the Productivity Commission’s draft report into...
Sep 26, 2014 11:54AM

CN says 17 rail cars carrying peas derail in east central Alberta, no injuries

VERMILION, Alta. - Canadian National Railway freight train cars have derailed in east central Alberta.
Sep 26, 2014 10:57AM

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