Daily News

U.S. railroads seek permission to put a single person in charge of miles long freight trains

OMAHA, Neb. - When American freight trains delivered cargo after World War II, the steam-belching beasts commonly had seven people aboard - an engineer, a conductor, up to four brakemen and a fireman.
Dec 22, 2014 3:32PM

Catlin sells stake in major U.K. telematics provider

Catlin Insurance Company has entered into an agreement to sell its investment in Box Innovation Group, which includes telematics offerings from Insure the Box, to Aioi Nissay Dowa Insurance Company of Europe.
Dec 22, 2014 2:17PM

XL Group introduces preferred rates with data breach response specialists

Six months after it launched its new cyber and technology risk unit in North America, commercial insurance carrier XL Group plc announced Monday it has a 'network of prequalified breach response specialists' to help its clients respond to...
Dec 22, 2014 1:36PM

U.K. agreement to help make flood insurance affordable in high-risk areas

The United Kingdom government – in the wake of ongoing negotiations with the Association of British Insurers (ABI) and Flood Re – announced last Thursday that an agreement has been reached on a number of matters regarding how Flood...
Dec 22, 2014 11:10AM

Last year's ice storm reminds everyone to be prepared for extreme winter weather: IBC

The Insurance Bureau of Canada (IBC) is using the one-year anniversary of the Ontario ice storm that caused more than $200 million in insured losses to remind all concerned that the storm was not an anomaly and preventive measures must be taken...
Dec 22, 2014 10:01AM

U.S. commercial terrorism insurers will 'likely be required to maintain higher capital standards'

With 12 days to go before the United States Terrorism Risk and Insurance Act (TRIA) expires, a risk modeling vendor predicts that commercial insurers who continue to cover terrorism in the U.S. after Dec. 31 will "likely be required to maintain...
Dec 19, 2014 3:57PM

Petroleum producers call on New Brunswick to hold off on fracking moratorium

The Canadian Association of Petroleum Producers (CAPP) is urging the New Brunswick government to reconsider its decision Thursday to move forward with prohibiting hydraulic fracturing in the province.
Dec 19, 2014 1:44PM

FBI says it has conclusively linked North Korean government to devastating Sony hack

WASHINGTON - The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack against Sony Pictures Entertainment, providing the most detailed accounting to date of a hugely...
Dec 19, 2014 12:07PM

Risk tolerance for innovation in line with ability to absorb financial losses for most Canadian businesses

Only a tenth of Canadian businesses are truly risk averse, with the majority’s risk appetite for innovation matching their ability to withstand potential financial losses, according to a new survey report form the Conference Board of...
Dec 19, 2014 11:44AM

Report: U.S. government lacks disaster relief co-ordination, unprepared for handling nuclear attack

WASHINGTON - The U.S. government isn't fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacking effective co-ordination, and in some cases is years away from ensuring adequate emergency shelter and...
Dec 19, 2014 11:17AM

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