Daily News

Canadian Coast Guard releases review of B.C. spill response

British Columbia’s Environment Minister Mary Polak has called the Canadian Coast Guard’s review of the M/V Marathassa spill in English Bay a few months ago “a very good first step towards ensuring our coast is better protected...
Aug 4, 2015 4:10PM

Obama announces carbon pollution standards for power plants

United States’ President Barack Obama has announced the Clean Power Plan, carbon pollution standards for power plants that the White House calls a “historic step” in the fight against climate change.
Aug 4, 2015 3:13PM

AIG announces net income of US$1.8 billion for the second quarter of 2015

American International Group, Inc. (AIG) has reported net income attributable to the company at US$1.8 billion for the second quarter of 2015 ending June 30, compared to US$3.1 billion in the same quarter of 2014. After-tax operating income was...
Aug 4, 2015 2:20PM

PartnerRe agrees to be bought by EXOR, terminates merger agreement with Axis Capital

PartnerRe Ltd. and Axis Capital Holdings Ltd., which write reinsurance and commercial primary insurance worldwide, announced Monday they have terminated a merger agreement now that PartnerRe said has "reached a definitive agreement" to be...
Aug 4, 2015 1:05PM

Tornado touches down in southwestern Ontario village amid severe weekend storms

TEVIOTDALE, Ont. - Weather experts say a tornado ripped through a southwestern Ontario community Sunday night, tearing the roof from a bungalow and damaging several police cars.
Aug 4, 2015 11:31AM

Allstate revenues up 4.7% to nearly US$9 billion in second quarter of 2015

The Allstate Corporation has reported US$8.98 billion in revenues for the second quarter of 2015, reflecting a 4.7% increase in insurance premiums from the prior year quarter, while net income was US$326 million for the quarter and US$974...
Aug 4, 2015 10:49AM

XL Group's operating net income US$245.8 million in 2015 Q2

XL Group plc posted operating net income of US$245.8 million in 2015 Q2, down US$33.8 million from 2014 Q2, but company CEO Mike McGavick reports that he is pleased with progress made to date for combined XL Catlin.
Aug 4, 2015 10:32AM

Almost two-thirds of C-suite executives report daily or weekly cyberattacks: Accenture

Nearly two-thirds (63%) of C-suite executives report that their companies experience “significant” cyberattacks daily or weekly, but only 25% of them say their organization always incorporate measures in the design of their...
Jul 31, 2015 4:03PM

Risk solutions revenue down 6% at Aon

Commercial insurance brokerage Aon plc released Friday its financial results for the three months ending June 30, reporting a 6% drop, year-over-year, in Q2 revenue from risk solutions and a 41% drop in net income.
Jul 31, 2015 3:29PM

Saskatchewan Government Insurance to focus on commercial drivers in August

Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, said on Friday that traffic enforcement in August will focus on commercial drivers.
Jul 31, 2015 2:46PM

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