Daily News

2015 Q1 reinsurance capital up 1% to US$580 billion from end of 2014

Reinsurance capital inched up 1% to US$580 billion for the first quarter of 2015 compared with the end of 2014, in part aided by continued light catastrophe activity, notes a new report from Aon Benfield.
Jul 3, 2015 12:18PM

Wildfires prompt special air quality statements

Wildfires in western and northern Canada have prompted special air quality statements to be issued for areas of the country stretching from the Northwest Territories to Ontario.
Jul 3, 2015 12:02PM

Wildfire prompts evacuation order for Fort Nelson, B.C. oil and gas facility

FORT NELSON, B.C. - A municipality in northeastern British Columbia has declared a local state of emergency and issued an evacuation order for an oil and gas facility due to a nearby wildfire.
Jul 3, 2015 10:40AM

Earthquake kills six, damages thousands of structures in China

BEIJING - A magnitude-6.5 earthquake shook China's far-western region of Xinjiang on Friday, killing six people and damaging or collapsing thousands of buildings, authorities said.
Jul 3, 2015 10:23AM

Moody's affirms debt ratings of ACE Group with stable outlook

Moody’s Investors Service has affirmed the A3 senior debt rating of ACE INA Holdings Inc. with a stable outlook following the announcement that ACE has agreed to acquire all outstanding shares of The Chubb Corporation for approximately...
Jul 3, 2015 9:10AM

U.K. insurers, brokers challenged to act quickly on new data sources: survey

Insurers and brokers in the United Kingdom are facing an explosion in external data sources and are challenged to act quickly, suggest new survey results released jointly by Verisk Insurance Solutions and Earnix.
Jul 2, 2015 3:30PM

$18.7-billion settlement in Deepwater Horizon offshore oil platform explosion

NEW ORLEANS — BP and five U.S. states announced a US$18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in the Gulf of Mexico in 2010.
Jul 2, 2015 2:55PM

State Farm to offer customers exclusive home monitoring solution

State Farm in the United States has joined forces with security company Canary to receive exclusive offers on the latter company’s products and may qualify for homeowner and renter insurance discounts.
Jul 2, 2015 2:46PM

SGI rolls out commercial insurance coverage in British Columbia

Saskatchewan Government Insurance announced Thursday it is now offering commercial insurance in British Columbia.
Jul 2, 2015 1:15PM

Regulator calls for alerts for motorists of railway crossings on digital maps

LOS ANGELES - The United States Federal Railroad Administration has asked digital mapping companies to alert drivers as they approach track crossings in the hope that visual and audio cues will lead to greater awareness of potential dangers.
Jul 2, 2015 12:52PM

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