Daily News

Brokers need to adapt to changes in behaviour, expectations and technology

There is a decided shift in the behaviour of Millennials compared to the youngest generation, a shift that those in business, including insurance brokers, will need to address, John Spence, an executive consultant, trainer and author of four...
Oct 22, 2014 6:50PM

Insured losses in Bermuda from Hurricane Gonzalo to range between $200 million and $400 million

Insured losses in Bermuda from Hurricane Gonzalo will range between $200 million and $400 million, catastrophe modeling firm AIR Worldwide reported Wednesday. All figures are in U.S. dollars.
Oct 22, 2014 3:23PM

Drug-related teen driver fatalities catching up to alcohol-related deaths

The number of teen fatalities in auto collisions involving drug use rose significantly between 2000 and 2010, to a point that is as serious as drinking and driving, according to a new review from State Farm.
Oct 22, 2014 2:47PM

Third quarter P&C underwriting income up 4.9% for ACE Group

ACE Ltd. reported Tuesday its financial results for the three months ending Sept. 30, reporting a combined ratio of 86.3% after "relatively light" catastrophe losses and a 2.7% year-over-year increase in net premiums written from North American...
Oct 22, 2014 12:19PM

U.K. small businesses lacking business interruption coverage, despite experiencing losses

Small and medium-sized businesses in the United Kingdom may be leaving themselves vulnerable to business interruption losses, based on a survey commissioned by insurer Aviva.
Oct 22, 2014 11:40AM

More than 55,000 BC hydro customers in the dark following severe storm

VANCOUVER - A wind warning has ended for parts of B.C.'s south coast as severe weather overnight left more than 55,000 BC Hydro customers without electricity.
Oct 22, 2014 9:47AM

80% of North American insurance CFOs report U.S. TRIA renewal important to their firms

More than two-thirds of property and casualty insurance chief financial officers surveyed said that if the United States Terrorism Risk and Insurance Act (TRIA) expires Dec. 31, it will have a "minor or no impact" on their organizations, Towers...
Oct 21, 2014 3:23PM

Tory leader says New Brunswick premier missing chance to learn about fracking

FREDERICTON - New Brunswick's interim leader of the Progressive Conservatives says Premier Brian Gallant is missing an opportunity during his trip to Alberta to learn more about shale gas exploration.
Oct 21, 2014 3:16PM

October hurricanes unlikely to challenge soft pricing: Fitch

Insured losses from two hurricanes hitting Bermuda and Hawaii this month are expected to be limited, Fitch Ratings said this week.
Oct 21, 2014 1:50PM

Ontario to increase fines for texting, using hand held phone while driving

TORONTO - Ontario motorists will face stiffer fines and penalties for texting while driving under legislation the Liberal government will re-introduce today.
Oct 21, 2014 11:33AM

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