Keyword
agreement
CatIQ enters into agreement with Impact Forecasting to use cat event flood response footprints for Canada
August 11, 2017 Jason Contant, Online EditorToronto-based Catastrophe Indices and Quantification Inc. (CatIQ) announced that they have entered into an agreement whereby Impact Forecasting’s cat event response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB module. “Aon Impact Forecasting’s Canadian…
Ontario and Michigan launch North America’s first cross-border automated vehicle test drive
July 31, 2017 by Canadian UnderwriterOntario and Michigan are completing North America’s first cross-border automated vehicle test drive, Ontario’s Ministry of Transportation (MTO) reported on Monday. The test drive began in Detroit and will continue from the Ontario cities of Windsor and Sarnia before crossing…
Judicial determination on interpretation of property Cat XOL with reinsurers sought
July 18, 2017 by Angela StelmakowichAlberta Motor Association Insurance Company is looking to divide the loss arising out of the Fort McMurray wildfire, which exceeded a duration of 168 hours, into six multiple loss occurrences in line with its reading of its property catastrophe excess…
Willis Towers Watson and Roost to establish home telematics consortium of 5-10 U.S. carriers
May 31, 2017 by Canadian UnderwriterWillis Towers Watson (WTW) announced on Wednesday that it has entered into an agreement with Roost, an innovator in smart home technology, to establish a “home telematics consortium” of five to 10 insurance carriers. WTW, the global advisory, broking and…
AIG, National Indemnity ink reinsurance agreement covering long-tail prior-year commercial casualty
January 20, 2017 by Canadian UnderwriterAmerican International Group Inc. said Friday it “expects a material prior year adverse development charge” during the three months ending Dec. 31, 2016 and that National Indemnity Company (NICO) has agreed to reinsure 80% of losses on certain reserves for…
Ontario Securities Commission and Australian financial regulator sign fintech agreement
November 4, 2016 by Canadian UnderwriterThe Ontario Securities Commission (OSC) and the Australian Securities and Investments Commission (ASIC) have signed a new agreement under which fintech companies in Australia and Ontario “will be able to draw on support from the combined resources of their financial…