Keyword
aviation
Fatal plane crash report highlights concern about night visual flight rules: TSB
July 17, 2017 by Canadian UnderwriterThere is an increased risk of aviation accidents if pilots flying at night are not required “to maintain instrument flying proficiency,” the Transportation Safety Board of Canada suggested in a recently-released report. On Nov. 9, 2015, a Cessna 182 crashed…
Aerial Manoeuvres
April 1, 2017 Jeffrey McCann, Vice President, Digital Strategy, Shaw Sabey & AssociatesBrokers will play a critical role as trusted risk management advisors in the rapidly expanding drone industry. Brokers need to inform their customers that as soon as the rotors are turning, a standard general liability policy no longer responds, and either an aviation policy or an endorsement is required.
Larger liability claims expected to become more expensive, complex: AGCS
March 30, 2017 by Canadian UnderwriterThere is increasing potential for “larger liability claims to become more expensive, complex and international, demonstrating the pervasive and long-term nature of liability losses,” suggests a new global claims review released Thursday by Allianz Global Corporate & Specialty (AGCS). Industrial,…
Q4 combined ratio up 14.9 points at Aspen
February 9, 2017 by Canadian UnderwriterWildfires in Tennessee, an earthquake in New Zealand, Hurricane Matthew and energy-related losses all contributed to a 20.2-point deterioration in the fourth-quarter loss ratio in reinsurance for Aspen Insurance Holdings Ltd., while in primary insurance, Aspen reported a combined ratio…
‘No progress’ since 2010 of mandating safety management systems to “broader range” of aviation, marine companies: TSB
November 1, 2016 by Canadian UnderwriterSome firms in Canada’s marine and aviation sectors are allowed to operate with no formal safety management processes, the Transportation Safety Board of Canada warned Monday. “Safety management systems have not yet been mandated in all sectors of the transportation…
Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016
October 27, 2016 by Canadian UnderwriterHamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net…
Flight Path
September 3, 2016 Belinda Bryce, Partner and Executive Vice President, Aviation Division, The Magnes Group, Inc.Airports bring with them some unique liability exposures. Although specialty insurance coverages offer solutions, navigating just how those solutions are structured is critically important to ensure potentially costly gaps are avoided.
Transportation Safety Board warns against ‘single layer of defence’ in managing aviation risk
August 18, 2016 by Canadian UnderwriterSome aviation firms “are not effectively managing their safety risks,” the Transportation Safety Board of Canada warned Wednesday as it released a report into an incident near Montreal that injured a pilot and three passengers in a Beechcraft King Air…
Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments
August 11, 2016 by Canadian UnderwriterThree weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to…
Up in the Air
July 1, 2016 Lisha Li, Associate, Blake, Cassels & Graydon LLPThe December 31, 2015 deadline and the six-month extension for the federal government to provide war risk indemnity under the Aviation War Risk Liability Program, meant to provide war risk indemnity to the Canadian air industry, has
passed. All Canadian air carriers and aircraft operators need to obtain war risk coverage on the commercial insurance market if required under leases and/or financing documents.
Ian Gallagher elected president of Ontario Insurance Adjusters Association
June 17, 2016 by Canadian UnderwriterVeteran aviation claims adjuster Ian Gallagher has been elected president of the Ontario Insurance Adjusters Association (OIAA), taking over from Catherine Groot. Gallagher works in St. Catharines as an executive adjuster for Vancouver-based Kernaghan Adjusters Ltd. In addition to aviation,…