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Feature Stories and Daily News from Canadian Underwriter

U.S. officials lower number of Takata air bag recalls to 23.4 million, from more than 30 million

The National Highway Traffic Safety Administration (NHTSA) in the United States has changed the number of defective air bag inflators it says are affected by the Takata recall – from more than 30 million in the U.S. to 23.4 million in...
Sep 2, 2015


Berkshire Hathaway now fourth place in reinsurance market: A.M. Best

Berkshire Hathaway Inc. has jumped ahead of SCOR SE in the reinsurance market, replacing the Lloyd's market as the fourth-largest reinsurance group in 2014, A.M. Best Company Inc. suggests in a report released Wednesday.
Sep 2, 2015


SGI offers new program that allows vehicle owners to have some damage estimated at accredited auto repair firms

Saskatchewan Government Insurance (SGI) has announced a new program that allows vehicle owners in the province to have some damage estimated at accredited auto repair firms, instead of taking the vehicle to an SGI claims centre first.
Sep 2, 2015


Canadian Underwriter, IDT911 join forces for free webinar on cyber risk

Canadian Underwriter magazine and cybersecurity firm IDT911 have teamed up to offer a free live webinar on cyber risk.
Sep 2, 2015


Saskatchewan announces new agriculture drainage regulations

Saskatchewan’s Minister responsible for the Water Security Agency (WSA), Herb Cox, announced on Tuesday new drainage regulations, the first phase of an agricultural water management strategy that recognizes the benefits of benefits and...
Sep 2, 2015


Abundant capacity from traditional and alternative sources creating "new reality" for reinsurance market: A.M. Best

The reinsurance market is operating in a “new reality” of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins driven by intense competition against shrinking demand for...
Sep 2, 2015


P&C industry must consider ramifications of learning technologies before adoption

The lure of learning technologies must be balanced against practical, implementation and ethical issues before these technologies can be fully exploited by the property and casualty industry, David Crozier, president and CEO of Everest...
Sep 2, 2015


Wildfires take toll on Alberta, Saskatchewan finances

Alberta has released its 2015-16 first quarter fiscal forecast, which reflects higher-than-anticipated costs for fighting wildfires and drought.
Sep 1, 2015


U.S. consumers more motivated by smartphone app that scores driving than premium discounts: LexisNexis UBI study

Consumers in the United States are more motivated by a smartphone app that scores their driving than they are in premium discounts when considering enrolling in a usage-based insurance (UBI) program, according to LexisNexis Risk Solutions, a...
Sep 1, 2015


Most small business owners in the U.S. unaware that many insurers provide commercial insurance: J.D. Power study

The majority of small business owners in the United States are not even aware than many insurers provide commercial insurance, according to the J.D. Power 2015 U.S. Small Business Commercial Insurance Study released on Monday.
Sep 1, 2015


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