Daily News

FSCO issues warning on ride-sharing programs

Ontario’s financial regulator has released an infographic to its website warning about the insurance risks related to ride-sharing programs.
Mar 31, 2015 4:20PM

Extreme weather events can quickly change a good year to a bad one

Frequent extreme weather events are a new wild card that demand acknowledgment and preparation, Gregor Robinson, senior vice president of policy and chief economist for the Insurance Bureau of Canada (IBC), suggested Tuesday during Swiss...
Mar 31, 2015 3:33PM

Lower oil prices may have positive effect on demand for p&c insurance products: IBC

The recent slide in the price of oil will influence the Canadian economy over the next two years, but there may be a silver lining for the property and casualty industry in that the lower gas prices expected to follow could lead to an uptick in...
Mar 31, 2015 2:38PM

Aviva Canada partners with the Canadian Red Cross to support disaster preparedness and response

Aviva Canada announced on Tuesday that is has become the first insurance company to join as a national corporate partner of the Canadian Red Cross’ Ready When the Time Comes program, committing over $500,000 to the partnership over the...
Mar 31, 2015 1:32PM

Bill proposing mandatory insurance coverage for railways hauling dangerous goods reaches second reading

A bill proposing to mandate specific levels of insurance for Canadian railway operators - of $1 billion in some cases - was tabled Monday in Ottawa for second reading in the House of Commons.
Mar 31, 2015 1:08PM

Sunrise Propane lawyer asks court to revisit some convictions in 2008 blast

TORONTO - An Ontario judge ought to revisit the majority of her convictions in a case involving a deadly explosion at a Toronto propane plant nearly seven years ago, the lawyer for Sunrise Propane and its directors argued Monday.
Mar 31, 2015 10:08AM

Investigators sifting through plane wreckage, interviewing witnesses

HALIFAX - Transportation Safety Board investigators were spending most of Monday sifting through debris and documenting the site of an Air Canada flight that crashed Sunday at Halifax's airport.
Mar 30, 2015 4:24PM

Global reinsurer capital continues to build to $US575 billion: Aon Benfield

Global reinsurer capital rose by 6% to $US575 billion in 2014, including a 28% increase in alternative capital to $US64 billion, according to the latest Aon Benfield Aggregate (ABA) study.
Mar 30, 2015 3:12PM

Passenger liability claims and physical damage will comprise total insurance loss from Germanwings plane crash: A.M. Best

The majority of loss arising from the Germanwings plane crash in the French Alps last week will likely be absorbed by the Lloyd’s market, as well as a number of global insurers and reinsurers, suggested a briefing from ratings firm A.M...
Mar 30, 2015 2:07PM

Quebec auto insurance group launches online tool explaining steps of the claims settlement process

An auto insurance group in Quebec unveiled a new online tool on Monday that explains to drivers who’ve had an accident or had their car stolen, or suffered any other loss, what they need to know step by step.
Mar 30, 2015 1:04PM

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