Hannover Re has reported a group net income of 895.5 million euros for 2013, up 5.4% over the prior year, despite expensive natural catastrophe events in Canada and Germany.
Mar 11, 2014 3:26PM
Both the Fair Association of Victims for Accident Reform (FAIR) and an opposition critic have taken issue with Bill 171, which proposes several changes to auto insurance regulations, by suggesting the bill does not address the issue of claims...
Mar 11, 2014 2:43PM
Zurich Insurance Group announced Tuesday new plans it says will streamline its global organizational structure, which could lead to the loss of 800 jobs.
Mar 11, 2014 12:50PM
WASHINGTON, D.C. - The mayor of tragedy-stricken Lac-Megantic, Que., is in the U.S. capital today pushing for regulatory changes in rail transportation.
Mar 11, 2014 12:47PM
A new study out of the United States shows that despite a downward trend in the severity of auto accident-related injuries, medical expenses reported by claimants continue to increase faster than the rate of inflation.
Mar 11, 2014 10:41AM
Commercial insurance prices increased by 5% in aggregate during the fourth quarter of 2013 and 6% on average for the entire year, note survey results released Monday by global professional services company Towers Watson.
Mar 11, 2014 9:52AM
The Province of British Columbia is not violating the Canadian Charter of Rights and Freedoms when it imposes driver’s licence suspensions and other penalties on suspected drunk drivers who refuse to provide breath samples and on those...
Mar 10, 2014 3:04PM
Damage caused by wind and hail storm events across Canada and the United States cost State Farm more than $3 billion in 2013, the insurer said Monday.
Mar 10, 2014 12:56PM
OKUMA, Japan - The radioactive water that has accumulated at Japan's crippled nuclear power plant remains the biggest problem hampering the cleanup process three years after the disaster.
Mar 10, 2014 12:19PM
The Ontario Trial Lawyers Association (OTLA) is urging Ontario MPPs to push for amendments to proposed auto legislation that, among other things, would change the prejudgment interest rate in pain and suffering claims.
Mar 10, 2014 10:36AM