Canadian Underwriter

News

retirement plan News Earnings / RatingsInsuranceLegislation / Regulation

Canadian politicians agree in principle to increase employers’ Canada Pension Plan contributions

June 27, 2016 by Canadian Underwriter

Less than a month after Ontario passed a law mandating participation for some employees in a province-sponsored pension plan, most of Canada’s premiers signed an agreement in principle, with the federal government, to increase contributions to the Canada Pension Plan.

iStock_30168650_SMALL News CatastrophesConstructionInsurance

U.S. forum urges need for disaster-exposed communities to be more resilient: A.M. Best

June 27, 2016 by Canadian Underwriter

Industry players focused on resilience experts are facing a big, but unfortunately familiar, challenge: making people aware of the critical need to ensure they are prepared for natural disasters in the event they occur. That is, at least in part,

Sunburst skyscrapers soaring into blue skies crowded cityscape Hong Kong News CatastrophesClimate ChangeConstructionInsurance

Climate change forcing builders to rethink how they design structures: expert

June 27, 2016 by Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – Severe weather events like wildfires and floods are becoming more frequent and more difficult to predict, forcing architects and engineers to rethink how they design buildings, infrastructure and cities. Brock Schroeder, managing director of engineering firm Entuitive, says

Tornado and Lightning News CatastrophesInsurancePersonal Lines

Saskatchewan launches new public emergency app and website

June 27, 2016 by Canadian Underwriter

The province of Saskatchewan has launched the new SaskAlert mobile app and SaskAlert.ca website to “connect residents across the province with the information they need when an emergency strikes.” The SaskAlert.ca website and app (available at the site) were released

wv flood News CatastrophesInsurancePersonal Lines

Flood-ravaged West Virginia bracing for more rain

June 27, 2016 by John Raby and Dave Morrison - THE ASSOCIATED PRESS

ANSTED, W.Va. – National Guard teams removed debris Monday as authorities in West Virginia prepared for another round of storms in the rain-soaked state where floodwaters have killed at least 25 people in the past week. West Virginia Emergency Management

Hacker Concept News Commercial LinesInsuranceLegalProfessional DevelopmentTechnology

Insider corporate data theft and malware infections among biggest threats to digital businesses in 2016: Accenture and HfS Research study

June 27, 2016 by Canadian Underwriter

Insider data theft and malware attacks top the list of the most significant concerns for global enterprise security executives, according to a new report from Accenture and HfS Research. The survey, titled The State of Cybersecurity and Digital Trust 2016,

Water damaged basement News CatastrophesInsurancePersonal Lines

The Co-operators launches overland flood insurance for Ontario

June 27, 2016 by Canadian Underwriter

The Co-operators General Insurance Company announced on Monday that it has launched new insurance coverage that protects homeowners in Ontario against damage caused by overland flooding. The new coverage, which is available throughout the province, is an inclusive and flexible

Perils AG - third estimate News Commercial LinesInsuranceMarkets / CoveragesPersonal Lines

Latest estimate of insured losses from Eva-Frank flooding £538 million: PERILS AG

June 27, 2016 by Canadian Underwriter

PERILS AG Friday issued an estimate of £538 million for insured property market loss from flooding damage in the United Kingdom as a result of storms in late December and early January. Storms Eva and Frank hit the U.K. in

flooding News CatastrophesCommercial LinesInsurancePersonal Lines

14 dead in West Virginia floods; focus on search and rescue

June 24, 2016 by Jonathan Mattise - THE ASSOCIATED PRESS

CHARLESTON, W.Va. – A deluge of 9 inches of rain damaged or destroyed more than 100 homes in West Virginia, knocked out power to tens of thousands of homes and businesses and killed 14 people, West Virginia Gov. Earl Ray

Encoding in progress News InsuranceProfessional DevelopmentTechnology

Ontario searching for first-ever Chief Digital Officer

June 24, 2016 by Canadian Underwriter

Ontario’s Ministry of Advanced Education and Skills Development announced on Friday that the province is kicking off a global search for its first Chief Digital Officer (CDO) to lead Ontario’s “transformation to become the most open, transparent and digitally connected

Room empty and box News Commercial LinesInsuranceLegalProfessional Development

XL Group shareholders approve redomestication to Bermuda, High Court of Ireland hearing scheduled July 20

June 24, 2016 by Canadian Underwriter

The shareholders of XL Group plc have voted in favour of changing the company’s place of incorporation from Bermuda, the Dublin, Ireland-based insurance carrier announced Thursday. XL has been using the XL-Catlin brand for slightly more than a year, since

A ship receives its' load of oil from the Kinder Morgan Trans Mountain Expansion Project's Westeridge loading dock in Burnaby, B.C., in this June 4, 2015, file photo. The National Energy Board has recommended that the federal government approve the contentious $6.8-billion Trans Mountain pipeline expansion with 157 conditions. THE CANADIAN PRESS/Jonathan Hayward News Climate ChangeInsurance

Alberta’s Notley speaks about climate plan to Trans Mountain Pipeline panel

June 24, 2016 by Dean Bennett - THE CANADIAN PRESS

EDMONTON – Alberta Premier Rachel Notley says she told an environmental review panel on the Trans Mountain Pipeline that her province is doing its bit to control greenhouse gas emissions. Notley says she told the three-member panel that Alberta’s climate