Daily News

Number of supporters for UN sustainable insurance principles doubles since last year

The number of insurance industry participants that have embraced the Principles for Sustainable Insurance developed by a United Nations agency and industry partners has doubled since the framework was launched last year.
Jun 19, 2013 4:33PM

More than 70,000 claims now filed from May tornadoes in Oklahoma

The number of insurance claims filed in Oklahoma after severe tornado events in May is up to 70,782, the state’s insurance commissioner reported Tuesday.
Jun 19, 2013 2:03PM

Restoration contractors group hires Deloitte to study cost inflation

Property restoration contractors are facing increased costs but not necessarily a corresponding increase in revenues, and their industry is therefore "unsustainable," suggests the president of the Restoration Contractors Organization of Canada...
Jun 19, 2013 1:38PM

Over half of Canadians not asking insurance providers to clarify policy details

More than half of Canadians aren’t taking the time to make sure they’re properly insured by asking questions about their policies, results from a new survey by TD Insurance suggest.
Jun 19, 2013 10:21AM

Government agreement increases absolute liability, modernizes standards for offshore drilling

An agreement among the governments of Canada, Nova Scotia and Newfoundland and Labrador proposes raising to $1 billion offshore absolute liability for companies operating in the Atlantic offshore and in the Arctic.
Jun 19, 2013 9:56AM

New admin system for brokers allows for paperless policies, mobile updates

Insurance wholesaler Affiliated Brokers Exchange Ltd. (ABEX) has teamed up with Insurance Technology Solutions Inc. to offer a new policy administration system that allows for paperless policy issuance, among other capabilities.
Jun 18, 2013 10:15PM

Budget reforms a good first step, but more changes needed to hit Ontario auto premium cut

It may be necessary to contemplate additional reforms if the Ontario government expects to be able to soon fulfill its promise to cut insurance premiums by an average of 15%, one industry leader suggests.
Jun 18, 2013 10:07PM

New course focuses on leadership challenges in Canada's P&C industry

The Insurance Institute has announced its final “capstone” course for the Fellow Chartered Insurance Professional Program (FCIP).
Jun 18, 2013 12:52PM

XL launches new environmental coverage for operators at North American airports

XL Group plc's (NYSE: XL) environmental business segment is offering pollution insurance protection for Fixed Base Operators at North American airports.
Jun 18, 2013 12:24PM

Toronto street tops worst roads list for Ontario

Toronto roads took four of the 10 spots on CAA’s Worst Roads List, with Dufferin Street making the list for the seventh time in total.
Jun 18, 2013 11:54AM