Keyword
Commercial Risk Management
More challenging environmental risks may pose insurance coverage issues for Canadian companies: Marsh
February 18, 2016 by Canadian UnderwriterCanadian companies may find it increasingly difficult to obtain insurance coverage for more challenging environmental risks as the number and size of environmental claims continue to grow, according to Marsh’s Canada Insurance Market Report 2016, released on Thursday. Marsh, an…
Net income for Echelon Financial Holdings down 56% to $3.7 million in 2015 Q4 compared to 2014 Q4
February 18, 2016 by Canadian UnderwriterAn underwriting loss in the fourth quarter of 2015 contributed to Echelon Financial Holdings Inc. (EFH) seeing net income drop 56% for both 2015 Q4 and full-year 2015. Net income for the three months ended Dec. 31, 2015 was approximately…
Over 49 million records of Californians’ personal information at risk in last four years: Attorney General
February 17, 2016 by Canadian UnderwriterThe personal information records of more than 49 million Californians have been at risk over the past four years, according to a new report released by the state’s Attorney General. On Wednesday, Kamala D. Harris released the comprehensive report detailing…
Court OKs deal to settle class action lawsuit filed after tainted beef recall
February 17, 2016 John Cotter - THE CANADIAN PRESSEDMONTON – An Alberta court has approved a $4-million settlement of a class-action lawsuit filed after an E. coli outbreak that sparked the largest meat recall in Canadian history. The lawsuit was against XL Foods Inc., which operated a meat-packing…
Worldwide IT spending expected to post significant slowdown in 2016: International Data Corporation
February 17, 2016 by Canadian UnderwriterWorldwide IT spending is expected to post a major slowdown in 2016, as economic weakness in emerging markets and saturation of the smartphone market combine to result in a significantly slower pace of tech spending growth compared to the past…
Alberta preparing early for wildfire season
February 17, 2016 by Canadian UnderwriterThe province of Alberta announced on Tuesday that it is putting protection measures in place early in preparation of wildfire season. Beginning March 1, a permit is required for all planned fires in Alberta’s Forest Protection Area, with the exception…
IBC applauds B.C.’s investment in emergency preparedness
February 17, 2016 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has given the thumbs up to the Government of British Columbia’s plan to invest tens of millions of dollars to make communities more resilient and protect them from the impact of severe weather. “We are…
Canada to require bus and truck drivers to log hours electronically in two years
February 16, 2016 Ross Marowits - THE CANADIAN PRESSMONTREAL – After years of study, the federal government says it’s working to implement new safety regulations that are aligned with U.S. efforts to tackle fatigue among truck and bus drivers. Drivers would be required to electronically record their hours…
Canadian Underwriter, DMTI Spatial join forces for Feb. 25 webinar on digital disruption
February 16, 2016 by Canadian UnderwriterCanadian Underwriter magazine and DMTI Spatial are teaming up to offer a webinar on Feb. 25 highlighting the business impact of digital disruption driven by consumers and mobile-first start-ups. The webinar, titled 2016 – Year of Disruption: P&C Insurance Re-imagined,…
B.C. government proposes risk-based fire code compliance monitoring
February 16, 2016 by Canadian UnderwriterA bill before the Legislative Assembly of British Columbia would, if passed into law, introduce an “administrative enforcement model” for fire safety compliance, the province’s Liberal government suggested Monday. Transportation & Infrastructure Minister Todd Stone tabled Monday the Fire Safety…
Recent environmental agreements open the door for innovative insurance solutions: Geneva Association
February 16, 2016 by Canadian UnderwriterRecent international agreements to combat climate change clear the way for developing innovative insurance solutions that could help societies become more resilient, although pricing difficulties coupled with often-conflicting public policy measures continue to be challenges, suggests the Geneva Association. Released…
U.S. cargo thefts in 2015 drop 6% in volume and 21% in value compared to 2014: FreightWatch International
February 16, 2016 by Canadian UnderwriterFreightWatch International (FWI) recorded 754 cargo thefts throughout the United States in 2015, representing a 6% drop in volume and a 21% decrease in value when compared to 2014. There were 204 thefts in Q1, 187 in Q2, 174 in…