Daily News

Loss ratio drops 3.6 points for CNA Financial

Commercial insurer CNA Financial Corp. released Monday its results for the full year and final quarter of 2015, reporting a 2% drop in net written premiums and a 2.3-point improvement in its combined ratio.
Feb 8, 2016 1:01PM

Uber drive: Edmonton may be template for legalizing ride sharing in other cities

EDMONTON - Cab drivers in Edmonton protested for months at city hall, some of them pulling off their shirts, as councillors debated whether to pass a new bylaw legalizing ride-sharing companies such as Uber.
Feb 8, 2016 11:14AM

XL Group combined ratio up nearly 8 points in Q4 2015 to 92.3% from 84.5% in Q4 2014

Dublin, Ireland-based XL Group plc has reported a P&C combined ratio of 92.3% for the fourth quarter of 2015 ending Dec. 31, up from 84.5% in the prior year quarter, and a full-year 2015 P&C combined ratio of 92%, compared to 88.2% in...
Feb 8, 2016 10:20AM

Munich Re's consolidated result 3.1 billion euros in 2015, in line with 2014

Provisional calculations indicate Munich Re will post a consolidated result of 3.1 billion euros for 2015, down just slightly from what was regarded as the very good result of 3.2 billion euros in 2014.
Feb 8, 2016 9:28AM

App to help customers have quicker environmental spill emergency response: Zurich

Zurich has released a mobile app – designed for qualified customers throughout North America in industries that deal with hazardous materials – meant to help them speed up response to spills requiring emergency environmental...
Feb 8, 2016 7:54AM

Over 100 missing, 14 dead as strong quake rattles Taiwan

TAINAN, Taiwan - Rescuers were searching late Saturday for more than 100 people still missing after a powerful, shallow earthquake struck southern Taiwan before dawn, causing a high-rise residential building to collapse and killing at least 14...
Feb 6, 2016 1:11PM

Alberta offers rebates to municipalities, farms that set up solar power

EDMONTON - The Alberta government is adding another plank to its climate-change platform by providing more than $5.5 million to help farms and municipalities install solar panels.
Feb 5, 2016 4:05PM

Flood losses from U.K. storms Eva and Frank estimated at 526 million pounds

PERILS AG has said that the initial estimate of the insured property market loss for the flood damage related to storms Eva and Frank in the United Kingdom is 526 million pounds.
Feb 5, 2016 3:20PM

Allstate Corporation property-liability combined ratio up 2 points in Q4 2015

Northbrook, Ill.-based Allstate Corporation has reported a 2% increase in its property-liability combined ratio, from 90% for the three months ending Dec. 31, 2014 to 92% for the three months ending Dec. 31, 2015. For full-year 2015, the...
Feb 5, 2016 2:17PM

Number of wearable devices to increase 18.4% in 2016 from last year: Gartner

Gartner Inc., an information technology research and advisory company based in Stamford, Conn., predicts that the number of wearable electronic devices sold worldwide will increase 18.4% in 2016 from last year.
Feb 5, 2016 1:34PM

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