Daily News

IBC supports B.C. government's earthquake report

The Insurance Bureau of Canada (IBC) is applauding the government of British Columbia’s earthquake preparedness report, which recommends that the provincial and federal governments engage with the insurance industry and other key...
Mar 27, 2015 10:23AM

Mutuals must invest in systems, commit to a data strategy: OMIA head

“Data is a major enabler in innovation in new products and markets,” demanding that mutuals commit to developing a data strategy, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday.
Mar 26, 2015 7:48PM

Floods from heavy rain in Chile's usually bone dry Atacama desert cuts roads, knocks out power

SANTIAGO, Chile - Communities in a desert region of northern Chile struggled Thursday to cope with rain-provoked flooding that has claimed the lives of at least seven people, knocked out power and cut off roadways.
Mar 26, 2015 4:44PM

Munich Re America joins research project for connected and automated vehicles

Munich Reinsurance America, Inc. announced on Thursday that it had joined the University of Michigan’s Mobility Transformation Center (MTC) Affiliates Program — part of a major research partnership of industry, government, and...
Mar 26, 2015 3:38PM

Flight club members say co-pilot from crashed plane was 'very happy' with Germanwings job

MONTABAUR, Germany - Andreas Lubitz never showed any sign he was anything but thrilled to have landed a job with Germanwings, according to those who taught him the trade as a teenager in this town in the woody hills of Western Germany.
Mar 26, 2015 2:03PM

Premiums down 1.3%, combined ratio up 1.3 points in 2014 for Lloyd's market

The Lloyd's market had a result for the financial year before tax of £3.161 billion, down 1.4% from £3.205 billion in 2013, while the gross amount of claims paid dropped 8.1%, from £13.086 billion in 2013 to £12.028...
Mar 26, 2015 1:03PM

Nation's tornado drought comes to an end; 1 person killed, several injured in Oklahoma

TULSA, Okla. - The first batch of severe weather in this year’s tornado season has devastated an Oklahoma mobile home park, and storms across the area damaged buildings, tore off roofs and left debris strewn across roads. One person was...
Mar 26, 2015 11:32AM

Survey ranks virtualization as the most significant technology-related priority this year

A newly released IT survey has ranked virtualization – the creation of a remote and often shared (rather than local and owned) technology resource, such as a server, data storage, platform or application – as the most significant...
Mar 26, 2015 10:24AM

A $9 billion solution to Amtrak truck crashes is years away, but common sense still required

RALEIGH, N.C. – America’s railroads want five more years to stop train wrecks using a high-tech system costing more than $9 billion.
Mar 25, 2015 4:24PM

Quebec brokerage industry driver of economy, new study says

Quebec’s brokerage industry is the driving model for damage insurance, said a new study released on Wednesday.
Mar 25, 2015 3:51PM

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