Daily News

Growing demand for travel, mostly in developing nations, to pose safety challenge for airlines

NEW YORK - More travellers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace.
Jul 29, 2014 2:00PM

Net operating income up in second quarter for XL Group

XL Group plc’s reports that operating net income rose to approximately US$279.6 million in Q2 of 2014 compared to about US$221.6 million in Q2 of 2013, and the company had a net loss attributable to ordinary shareholders of about US$279.3...
Jul 29, 2014 12:00PM

Chubb reports increase in Q2 premiums, 'unusually high' fire losses

The Chubb Corp. recently released its financial results for the three months ending June 30, reporting a 4.3% year-over-year increase in net premiums written and a 12.3% drop in underwriting income.
Jul 29, 2014 10:59AM

Strong earthquake shakes Mexico's Gulf coast; no immediate reports of damage

VERACRUZ, Mexico - A strong earthquake shook much of eastern Mexico on Tuesday, but there were no reports of damage or injury.
Jul 29, 2014 10:08AM

'Total cost of risk' trends higher for third year: RIMS

The average “total cost of risk” for companies trended higher for the third consecutive year in 2013, according to the newly-released RIMS Benchmark Survey.
Jul 28, 2014 4:04PM

Endurance Specialty hits roadblock in effort to acquire Aspen Insurance

Aspen Insurance Holdings Ltd., which owns a subsidiary that writes insurance in Canada, announced Friday that “preliminary results” indicate most of its shareholders "did not support" a proposal by Endurance Specialty Holdings Ltd....
Jul 28, 2014 3:04PM

Ontario's 75 utilities hinder rise of electric cars: experts

Ontario's overabundance of utility firms may pose a major roadblock to the province's plan to boost electric car ownership, some experts say.
Jul 28, 2014 1:12PM

Everest Re Group reports second quarter increase in net income

Everest Re Group, Ltd. last week reported second quarter 2014 net income of US$290.2 million and net income of US$584.1 million for the six months ended June 30, 2014.
Jul 28, 2014 11:57AM

More than 4,000 without power in southwestern Ontario after storm hits area

GRAND BEND, Ont. - More than 4,000 Hydro One customers in the Grand Bend area remained without power Monday after a storm ripped through southwestern Ontario, the utility said.
Jul 28, 2014 10:34AM

Third of polled U.K. business drivers uninsured for job-related miles

About a third of polled drivers in the United Kingdom who drive as part of their jobs are uninsured for business miles, note recent survey results from telematics company Masternaut.
Jul 25, 2014 12:06PM

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