Topic
Insurance
40% of major insurers worldwide had security breaches in the last year: Deloitte survey
September 17, 2012 by Canadian UnderwriterAbout 40% of major insurance organizations included in a global survey have experienced one or more security breaches in the last 12 months, according to a recent report from Deloitte. The company’s 2012 Global Financial Services Industry Security Survey, published…
Western University expert to discuss modeling dynamic resilience to climate hazards at ICLR’s Friday Forum
September 17, 2012 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will feature Western University’s Dr. Slobodan Simonovic during its Oct. 12 Friday Forum event on climate change related disasters. The forum will focus on changing climate hazard patterns, as urban environments are faced…
Kingsway Financial restructures insurance services and insurance underwriting business segments
September 17, 2012 by Canadian UnderwriterToronto’s Kingsway Financial Services Inc. announced a restructuring of its insurance services and insurance underwriting segments on Sept. 17. Bradley Diericx will join Kingsway as executive vice president in its insurance services business. Diericx most recently worked as a partner…
Insurance Industry and WICC at the Canadian Cancer Societys 2012 Relay For Life [Pics and Video]
September 15, 2012 WICC (Women In Insurance Cancer Crusade)The 2012 version of the Canadian Cancer Society’s Relay For Life featured the largest-ever number of insurance industry participants. The Relay is a tribute to the lives of loved ones who have been touched by cancer. Teams of 10 people…
Insurance rates continue to rise in U.S. market
September 14, 2012 by Canadian UnderwriterSeveral commentators have noted single-digit increases in commercial insurance lines, hovering between 4% and 7% in most areas of business. While the premium tightening is widespread, there are few signs of a full hardening of the market, according to New…
European firms face risky international business environment: ACE survey
September 14, 2012 by Canadian UnderwriterMore than half of European companies (54%) responding to an insurer survey believe that doing international business has become more risky over the last five years, and 95% say their own company has become more concerned about multinational and export…
First Monday: Mixed Results in Canada P/C Segment [Video]
September 14, 2012 A.M. Best Co.A.M. Best Company’s managing senior financial analyst Greg Williams and Jackie Catrino Lentz, senior financial analyst, explore how the property segment of the Canada P/C industry is lagging behind the auto segment [Video]: http://www.ambest.com
Assumption Life: Market Prompted Product Pull-Back [Video]
September 14, 2012 A.M. Best Co.Robert Moreau of Assumption Life says at ‘A.M. Best Insurance Market Briefing – Canada’ event, held in Toronto on September 6, 2012, that sustained low interest rates led to a decision to pull back on some products with long-term guarantees [Video]:…
New Brunswick announces interim flood mitigation measures for Perth-Andover region
September 14, 2012 by Canadian UnderwriterThe New Brunswick government announced a total of $2.85 million in immediate and interim flood mitigation measures for the Perth-Andover region in the western part of the province. The measures follow the release of a mitigation study and are part…
IBRI releases mobile app for brokers
September 14, 2012 by Canadian UnderwriterThe Independent Broker Resources Inc. (IBRI) has released a smartphone app for brokers, called the Insurance Companion. The app is available for Android, iPhone and Blackberry operating systems and will allow an insurance brokerage to have its own branded mobile…
Insured losses from Hurricane Isaac US$1-2 billion from wind and surge: RMS estimate
September 13, 2012 by Canadian UnderwriterRisk Management Solutions (RMS) estimates that U.S. insured losses from Hurricane Isaac’s wind and surge impacts on the U.S. Gulf Coast will be between US$1 billion and US$2 billion. Those figures exclude rainfall-driven flood losses and all National Flood Insurance…
Drugs or alcohol a factor in majority of fatal car accidents: U.S. study
September 13, 2012 by Canadian UnderwriterJust over half of U.S. drivers killed in automobile accidents had drugs or alcohol in their systems at the time of the crash, according to a new study from Columbia University. Alcohol was the most common substance detected, followed by…