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Feature Stories and Daily News from Canadian Underwriter

Flood damage to New Brunswick roads, bridges in the millions: minister

FREDERICTON – Spring flooding has already caused millions of dollars in damage to New Brunswick's roads and bridges, the province's transportation minister said Wednesday.
Apr 23, 2014


New federal requirements could put upward pressure on levels of capital to hold: CEO

The Office of the Superintendent of Financial Institutions’ (OSFI) Own Risk and Solvency Assessment (ORSA) guideline will demand a new level of focus by insurers to adequately assess their risk profile, but could put upward pressure on...
Apr 23, 2014


Google's 'Street View' maps add digital time capsules for visual retrospectives

MOUNTAIN VIEW, Calif. - Trips down memory lane are now available on Google's digital maps.
Apr 23, 2014


Aviva U.K. detected £110 million in insurance fraud last year

Aviva detected more than £110 million worth of insurance fraud in 2013 in the United Kingdom, up 19% over 2012, the company said Wednesday.
Apr 23, 2014


CSIO touts eDocs certification at annual general meeting

The Centre for Study of Insurance Operations held its annual general meeting Tuesday, acclaiming eight members of the board of directors, touting its eDocs certification program and presenting awards to 12 members who have passed eDocs...
Apr 23, 2014


Ottawa phases out unsafe rail tank cars, pulls 5,000 cars immediately: Raitt

OTTAWA - The federal government is pulling 5,000 older tank cars off the rails immediately as it adopts the major rail safety recommendations of the Transportation Safety Board.
Apr 23, 2014


Federal funding shows acknowledgement of role in disaster mitigation: IBC

Funding for disaster mitigation in the federal government’s Economic Action Plan 2014, announced earlier this year, is an acknowledgement of Ottawa’s role in helping to address the impact of severe weather, Don Forgeron, president...
Apr 23, 2014


Wynne visits Belleville flood victims; mayor says damage will be in the millions

BELLEVILLE, Ont. - Ontario Premier Kathleen Wynne toured the flood-hit areas of Belleville on Tuesday.
Apr 23, 2014


Global reinsurers report improved results in 2013 after 'manageable' cat losses: Fitch

Global reinsurers reported solid underwriting gains last year, as “catastrophe-related losses were manageable and loss reserve development remained favourable,” Fitch Ratings said Tuesday.
Apr 22, 2014


Report: Attacks on payment systems grab headlines, but trail other kinds of cybercrime

NEW YORK - While Target's massive data breach last year caused consumers to panic and drew attention to Internet crime, a new study finds that breaches on retailer payment systems are less common than other kinds of attacks.
Apr 22, 2014


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