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Millennials ‘not that informed’ about coverage needs: Travelers Canada CEO

October 22, 2016 by Greg Meckbach, Associate Editor

Customers in their 20s and 30s are “not that informed” of their property insurance needs, suggested Duane Sanders, president and chief executive officer of Travelers Canada, at the Insurance Brokers Association of Ontario annual convention Thursday. Sanders was one of

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U.S. Internet repeatedly disrupted by cyberattacks on key firm

October 21, 2016 by Raphael Satter - THE ASSOCIATED PRESS

LONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was

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Kingsway reports net income of US$1.4 million in Q3 2016, compared to net loss of US$0.9 million in Q3 2015

October 21, 2016 by Canadian Underwriter

Toronto-based Kingsway Financial Services Inc. has reported a net income attributable to common shareholders of US$1.4 million in the third quarter of 2016 ending Sept. 30, compared to a net loss attributable to common shareholders of US$0.9 million in the

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Ontario brokers receive top honours at IBAO’s 96th annual convention

October 21, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario (IBAO) has announced the “top performing brokers and brokerages” throughout the province at their recent annual Awards of Excellence gala. Held on the opening night of the 96th annual IBAO Convention at the Sheraton

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Quebec says Canadian Pacific directly responsible for 2013 Lac-Mégantic damages

October 21, 2016 by Giuseppe Valiante - THE CANADIAN PRESS

MONTREAL – Canadian Pacific Railway is directly responsible for damages caused when a runaway train carrying crude oil derailed in 2013 in Lac-Mégantic, according to new allegations recently filed in court by the Quebec government. The railroad was responsible for

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Economical Insurance expecting “significant growth” in broker channel over the next five years: Gavan at IBAO Convention

October 21, 2016 by Jason Contant, Online Editor

Economical Insurance is expecting “significant growth” in its broker channel over the next five years, possibly 25% bigger than where it is today, outgoing president and CEO Karen Gavan said on Thursday during the 96th annual Insurance Brokers Association of

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Estimated insured losses for U.S., Caribbean from Hurricane Matthew US$2.5 billion to US$8 billion: RMS

October 21, 2016 by Canadian Underwriter

RMS has estimated Hurricane Matthew will produce insured losses of US$1.5 billion to US$5 billion for the United States and US$1 billion to US$3 billion in the Caribbean, making it the reinsurance industry’s costliest Atlantic hurricane since Sandy four years

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Insurers who fail to “adapt to what millennials are looking for” will let go of “majority” of customers: Intact president

October 20, 2016 by Greg Meckbach, Associate Editor

Insurance providers need to “rethink” how they provide advice to customers in their 20s and 30s, the president of Intact Insurance suggested Thursday to an audience of Ontario brokers. “Millennials still want advice,” Intact Insurance president Jean-Francois Blais said during

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Great British Columbia ShakeOut attracts record number of registrants

October 20, 2016 by Canadian Underwriter

The Great British Columbia ShakeOut is clearly gaining more traction, with a record 800,000 British Columbians registering for today’s “Drop, Cover and Hold On” drill, joining almost 41.5 million others around the world. “This year, we saw the largest number

Port of Djibouti, republic of Djibouti - February 7, 2016: Cargo ship which is used for transportation between Yemen and Djibouti, for cargo transportation in Gulf of Aden, Red Sea and Indian Ocean News Commercial LinesInsuranceLegal

Piracy down in 2016 Q3, but crew kidnapping persists in some areas: report

October 20, 2016 by Canadian Underwriter

Piracy activity in Southeast Asia and the East Africa and Indian Ocean High Risk Area (HRA) during 2016 Q3 declined compared to Q2, but a high threat of crew kidnapping and hijacking remains in Southeast Asia and West Africa, NYA

FILE - In a Tuesday, Sept. 29, 2015 file photo, Elon Musk, CEO of Tesla Motors Inc., introduces the Model X car at the company's headquarters, in Fremont, Calif. Some Tesla Motors vehicles can park themselves without a driver inside with a software update beamed to customers over the Jan. 9-10 weekend. Musk said the parking feature is a "baby step" toward his eventual goal: Letting drivers summon their self-driving, self-charging cars from anywhere using their phones.  (AP Photo/Marcio Jose Sanchez, File) News InsurancePersonal LinesTechnology

Tesla equipping cars to drive completely on their own

October 20, 2016 by Michael Liedtke - THE ASSOCIATED PRESS

SAN FRANCISCO – Tesla Motors is starting to build its electric cars with all the sensors, cameras and other gear needed to drive completely on their own when regulations allow the technology to take over that responsibility. The announcement made

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September 2016 ranks as 2nd warmest September on record for globe, but 16-month record heat wave ends

October 20, 2016 by Canadian Underwriter

The month of September 2016 ranked as the second warmest September on record, but not enough to continue the recent 16-month streak of record warmth, the National Oceanic and Atmospheric Administration (NOAA) in the United States has reported. August’s warmth