Topic
Markets / Coverages
Blast of winter smashes snowfall records in Abbotsford, Vancouver
February 6, 2017 The Canadian PressABBOTSFORD, B.C. – Snowfall records across southern British Columbia are falling as a winter storm continues to wallop the region. The white stuff has been flying since Friday, prompting Environment Canada to issue snowfall warnings for many areas along the…
Beazley expanding presence in Canada with acquisition of Creechurch Underwriters
February 6, 2017 by Canadian UnderwriterLondon-based Beazley announced Monday it is expanding its presence in Canada with the acquisition of specialist managing general agent (MGA) Creechurch Underwriters, and has plans to enhance existing covers and launch new products. Creechurch Underwriter’s current team, led by its…
Cybersecurity, privacy, infrastructure management and emerging technologies rank as top tech challenges: survey
February 4, 2017 by Canadian UnderwriterCybersecurity and privacy issues, along with infrastructure management and emerging technologies, rank as the top technology challenges organizations face today, according to a survey report from global consulting firm Protiviti and ISACA, a global business technology professional association for IT…
Blackout with no transformer damage ‘very likely scenario’ from geomagnetic disturbance: C4 speaker
February 3, 2017 Greg Meckbach, Associate EditorThe insurance industry needs “a better understanding” of the probable impact of a coronal mass ejection or other extreme space event, but studies estimating losses in the hundreds of billions are pessimistic, a speaker from Swiss Re suggested Thursday at…
2016 ILS market larger in Q3 than Q2 for first time: Swiss Re
February 3, 2017 by Canadian UnderwriterNew issuance volumes for insurance-linked securities (ILS) were atypical in 2016, Swiss Re reported on Friday, noting that for the first time, the third quarter was larger than the second quarter. While the second quarter is typically the busiest of…
Conditions prompting risk of “moderate to major” overland flooding across Manitoba: infrastructure minister
February 3, 2017 by Canadian UnderwriterNormal to well-above normal soil moisture and winter precipitation to date, combined with future unfavourable weather conditions, will result in the risk of moderate to major overland flooding across the province of Manitoba, the provincial infrastructure minister said earlier this…
Global insurance services market expected to grow due to IoT and changes in operating models
February 2, 2017 by Canadian UnderwriterThe global insurance services market is expected to grow at a compound annual growth rate (CAGR) of 4.9% over the next five years due to the increase in the use of the Internet of Things (IoT) and changes in operating…
Third annual Wildfire Community Preparedness Day launched
February 2, 2017 by Canadian UnderwriterThe third annual Wildfire Community Preparedness Day (WCPD) will be held on May 6, the Partners in Protection Association/FireSmart Canada said on Thursday. People in communities throughout Canada will have an opportunity to apply for funding to support efforts to…
Second, smaller spill reported in Saskatchewan by Tundra Energy Marketing Ltd.
February 2, 2017 The Canadian PressSTORTHOAKS, Sask. – The Calgary-based company handling a pipeline spill that saw 200,000 litres of crude leaked onto First Nations farmland in Saskatchewan is now dealing with another, albeit much smaller, spill. On Wednesday night, the National Energy Board issued…
Pipeline progress means crude by rail slowdown could be much more long term
February 1, 2017 Ian Bickis - THE CANADIAN PRESSCALGARY – The rumble of crude-oil-laden rail cars though Canadian towns won’t be silenced any time soon, but progress on the Line 3, Trans Mountain and Keystone XL pipelines means there could be far fewer in the future. “Down the…
Still thousands without power as cleanup continues in New Brunswick
February 1, 2017 The Canadian PressLAMEQUE, N.B. – There are still about eight thousand customers awaiting the return of electricity in northern New Brunswick today, more than a week after the ice storm that wreaked havoc in the province. The NB Power website shows many…
Aviva Canada launches homesharing insurance coverage across Canada
February 1, 2017 by Canadian UnderwriterAviva Canada has announced that it is offering insurance coverage for homesharing across Canada, starting Feb. 1. Aviva Canada said in a statement on Wednesday that it is offering hosts two homeshare coverage options that can be tailored to meeting…