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Feature Stories and Daily News from Canadian Underwriter

Net income up for Chubb in Q3, cat losses fall

Chubb Corp. reported Friday a third quarter net income of $594 million, up from $541 million in the same period of 2013.
Oct 24, 2014


Police, fire crews respond to explosion at Saskatchewan canola crushing plant

YORKTON, Sask. - Police and fire crews are at a southeastern Saskatchewan canola-crushing plant where witnesses say an explosion occurred.
Oct 24, 2014


Home insurance policy changes made it a 'tough year' for brokers: insurer CEOs

Changes to Canadian home insurance policies after billions in water-related losses in 2013 are "tough" on the brokers who have to explain these changes to consumers, but brokers can "outshine any other distribution system" by advising customers...
Oct 24, 2014


Usage-based insurance take-up in Quebec not a real success to date

OTTAWA - Quebec is not being as aggressive as Ontario with regard to telematics since the take-up for auto usage-based insurance (UBI) products has been lackluster to date, Guy Parent, general manager of Le Regroupement des cabinets de courtage...
Oct 24, 2014


Replacement cost must be considered when determining potential effect of smart home technology

OTTAWA - Smart home technology offers significant promise in getting the number of losses down, but replacement costs must also be considered to capture a complete picture of its potential effect, Bob Tisdale, president and chief operating...
Oct 24, 2014


CDC details teams being put together to prepare for and respond to future U.S. Ebola cases

ATLANTA - New federal Ebola response squads - likened to public health SWAT teams - are being readied to rush to any U.S. city where a new Ebola case might be identified, officials say.
Oct 23, 2014


Willis Canada gets new head of financial institutions practice

Willis North America has appointed Roger Hacala as senior vice president and Financial Institutions Practice Leader for Willis Canada.
Oct 23, 2014


EMEA-region insurers expect to sell more business units than they buy over the next three years

More insurance companies in the Europe, Middle East and Africa region view themselves as sellers of business units, as opposed to buyers, over the next three years, Towers Watson reported this week.
Oct 23, 2014


Demand for stand-alone cyber increases, with premium increases for point-of-sale retailers: Willis

Willis Group Holdings plc predicts commercial property insurance rates will fall in 2015, there will be "modest increases" in aviation rates while terrorism rates will decline or remain flat if the United States government passes a law...
Oct 23, 2014


Traditional business model needs to change, Ontario brokers told

OTTAWA - Ontario brokers should understand that the competitors they have today could be different than those they have five years from now – one reason the traditional business model will need to change, Chris Floyd, president of the...
Oct 23, 2014


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