Daily News

RBC reports increase in insurance revenue

The Royal Bank of Canada released Friday its financial results for the three months ending July 31, reporting net earned premiums in insurance — including home, auto, travel and life and group benefits — of $923 million, down 1.9%...
Aug 22, 2014 11:20AM

GPS devices find huge water losses, rising earth crust in western U.S. because of drought

SAN DIEGO - About 63 trillion gallons of water have been lost to drought in the western United States, enough to blanket the region with 4 inches of water, according to a study published Thursday.
Aug 22, 2014 10:43AM

Allied World to acquire RSA's Hong Kong and Singapore operations

Allied World Assurance Company, Ltd. has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately US$215 million, Allied World Assurance Company Holdings,...
Aug 22, 2014 9:14AM

More than 4,000 speeders caught by Saskatchewan police in July

Police caught more than 4,000 drivers exceeding the speed limit during a province-wide traffic safety spotlight focusing on speeding in July, SGI reported this week.
Aug 21, 2014 2:56PM

Nova Scotia energy minister says cutting trees not total solution on Arthur

HALIFAX - Nova Scotia's energy minister is expressing skepticism with a key part of Nova Scotia Power's response on its restoration efforts following post-tropical storm Arthur, saying the company's position that more trees need to be trimmed...
Aug 21, 2014 2:25PM

TSB 'encouraged' by some rail safety action, pushes for mandatory on-board voice recorders

Canada's Transportation Safety Board is concerned that some small air carriers and flight training schools are not required to have safety management systems and that railways are not required to have on-board video and voice recorders in...
Aug 21, 2014 1:46PM

Doctors Without Borders head says WHO, governments need to 'step up' to contain Ebola outbreak

TORONTO - The World Health Organization and national governments need to step up their efforts if the West African Ebola outbreak is to be brought under control, the president of the leading aid group in the response warns.
Aug 21, 2014 11:03AM

Canadian cities see reduction in large-scale event attack frequency: RMS terrorism model

RMS’s updated terrorism model reflects a reduction in large-scale event attack frequency for cities in Canada, Denmark, Ireland, Italy and the United Kingdom, the catastrophe modelling firm reports.
Aug 21, 2014 9:59AM

PwC advises insurers to outsource claims 'where appropriate'

PriceWaterhouseCoopers LLP is advising insurance companies to integrate advanced telephony systems with their claims systems, to "share talent" with large groups of claims adjusters and to use analytics to understand their customers’...
Aug 20, 2014 2:48PM

At least 36 dead, 7 missing in landslides in Hiroshima in western Japan

TOKYO - Rain-sodden slopes collapsed in torrents of mud, rock and debris Wednesday in the outskirts of Hiroshima, killing at least 36 people and leaving seven missing, police said.
Aug 20, 2014 11:08AM

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