Pricing improvements over several years in underwriting portfolios have propelled returns for regional property and casualty insurers in the United States, credit ratings and research company Fitch Ratings said on Friday. The ability to implement further pricing actions in a…
Unprecedented planning and co-ordinated efforts by state and local authorities, law enforcement and the insurance industry provided the means to protect the public from fly-by-night contractors, suggests the National Insurance Crime Bureau (NICB). “Preparation in advance of the F-5 tornado…
VANCOUVER – Prime Minister Justin Trudeau and the provincial premiers managed to bridge deep divides over carbon pricing Thursday en route to Canada’s first national consensus on pursuing climate policy. But the deal hammered out in Vancouver by Trudeau and…
Although less than a third (29%) of responding organizations are currently using the Internet of Things (IoT), an additional 14% are planning to implement it in the coming 12 months, according to a survey released on Thursday by Gartner Inc.…
XL Catlin announced on Friday the appointment of Nick Greggains as chief executive officer of XL Catlin’s Canadian insurance operations. In his new role, Greggains leads XL Catlin’s regional business strategy and guides the development and delivery of innovative insurance…
For the first time since XL Group plc’s acquisition of Catlin Group Limited, XL Catlin has utilized the 144A cat bond market as part of catastrophe bond Galileo Re Ltd., which provides aggregate protection against, among other things, earthquakes affecting…
Trillium Mutual Insurance Company has partnered with The Boiler Inspection and Insurance Company of Canada (HSB BI&I) to launch two new products for small to medium-sized commercial and agricultural operations. Providing indemnity for first-party expenses and third-party costs of defence,…
Surveyed enterprises in the United States suggest that security of the cloud infrastructure figures prominently as both a benefit and a challenge, suggests a new poll conducted by B2B research firm Clutch. Medium and large enterprises appear to have mixed…
More than four in five property and casualty insurers in the United States that have already implemented predictive models have recognized a positive impact on their carrier’s profitability, according to a survey released by Willis Towers Watson. The 2015 Predictive…
The Insurance Corporation of British Columbia (ICBC) announced on Thursday that it has launched a new online tool that allows customers to now request their driving records online and immediately receive them by email. In 2015, ICBC customers requested more…
The Court of Appeal for Ontario recently ruled against a furniture and lighting fixture dealer, whose premises were flooded, based in part on a trilogy of Supreme Court of Canada rulings from the 1970s involving agreements to insure between landlords…
The Government of Alberta announced on Wednesday that it will provide $650,000 to 50 municipalities and four First Nations to support fire and emergency preparedness training. The Fire Services Emergency Preparedness Program provides grant funding to municipalities and First Nations…