Daily News

Allstate reports Q3 combined ratio of 93.5% after $517 million in cat losses

The Allstate Corp. released Wednesday its financial results for the three months ending Sept. 30, reporting 29 catastrophes during the quarter, a 4.8% increase in property-liability premiums and a 32% drop in underwriting income.
Oct 30, 2014 4:04PM


AXIS Capital premiums down, net income up in third quarter

AXIS Capital Holdings Ltd. has reported a net income of $279 million for the three months ended Sept. 30, up from $137 million in the same period last year.
Oct 30, 2014 3:46PM


Allied World launches M&A line for the Canadian market

Allied World North America has expanded its professional lines business by launching a new mergers and acquisitions (M&A) line for the Canadian market.
Oct 30, 2014 3:09PM


Net income up for Arch Capital Group in third quarter

Arch Capital Group Ltd. has reported a net income (available to common shareholders) of $223.2 million for the third quarter ended Sept. 30, up from $109.3 million in the same period of 2013.
Oct 30, 2014 2:42PM


Fires on Manitoba reserves 'high risk' but only $4M given out: internal document

WINNIPEG - An internal report from Aboriginal Affairs and Northern Development Canada estimates it will take a $28-million injection of federal funding to reduce the number of deadly fires on Manitoba reserves, but only a fraction of that...
Oct 30, 2014 12:07PM


Net written premiums up for Aviva in Canada during third quarter

Aviva PLC has reported a 1.6-point deterioration in Canada's combined operating ratio and a 6% year-over-year increase, on a constant currency basis, in net written premiums, for the first nine months of the year, in general insurance in Canada.
Oct 30, 2014 11:24AM


U.S. commercial P&C pricing continued to stabilize in 2014 Q3: survey

The commercial property/casualty market in the United States appeared to stabilize in 2014 Q3, with negligible price increases overall, note the results of a new survey released Wednesday by the Council of Insurance Agents & Brokers (CIAB).
Oct 30, 2014 9:47AM


Cargo theft incidents in the U.S. decline year-over-year in Q3, but average loss amount rises

More than 200 cargo theft incidents occurred in the United States in the third quarter of the year, FreightWatch International reported Wednesday.
Oct 29, 2014 2:54PM


California drought takes bite out of $5 billion rice industry

WOODLAND, Calif. - California's deepening drought is shrinking its rice harvest, and that's bad news for farmers, migratory birds and sushi lovers.
Oct 29, 2014 2:42PM


Ontario PC Party wants more time to consider auto insurance reform bill

Ontario's ruling Liberals are trying to pass an omnibus bill intended to reduce auto insurance claims costs, but Progressive Conservative politicians suggested this week that a time allocation motion on Bill 15 will limit opportunity for input...
Oct 29, 2014 12:07PM


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