Keyword
general liability
Where capacity is tightening in general liability lines
July 10, 2018 by David GambrillIn general liability lines, where pricing and competition are still healthy, brokers are more likely to notice windows of opportunity that are now starting to close – particularly in the hot tar and hospitality lines. “Competition is out there, capacity…
Starr Companies offers commercial primary auto coverages in Canada
October 11, 2017 by Canadian UnderwriterU.S.-based Starr Companies is looking to further support its primary general liability accounts with the announcement that it has introduced commercial primary auto coverage in all provinces and territories across Canada. Beyond better supporting its primary general liability accounts, “this…
Marijuana impairment-related losses could potentially trigger GL policies: RIMS speaker
September 27, 2017 by Angela StelmakowichInsurers would be well-advised to track the evolving marijuana risk to determine if impairment-related loss history could trigger defence and indemnification obligations under employers’ general liability policies, it was suggested Tuesday during a session at the RIMS Canada Conference in…
Cyber market ‘softer than ever,’ commercial property, general liability rates down in U.S. in Q2: CIAB
August 23, 2017 by Canadian UnderwriterResponses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than…
Premium renewal rate positive across almost the majority of commercial product lines in U.S.: IVANS
August 3, 2017 by Canadian UnderwriterThe premium renewal rate change for most standard commercial lines products in the United States remained in positive territory for July, with workers’ compensation representing the only standout, notes the latest IVANS Index. The majority of standard commercial lines products…
Q2 combined ratio improves 4.2 points for Intact, OneBeacon acquisition “on track to close” in 2017
August 1, 2017 by Canadian UnderwriterIntact Financial Corp. reported Tuesday its underwriting income was $103 million during the three months ending June 30, up $87 million from $16 million during the same period in 2016. Toronto-based Intact said direct premiums written rose 2%, from $2.458…
All major commercial product lines in U.S. market enter positive territory: May IVANS Index
June 2, 2017 by Canadian UnderwriterMay marked the first time in several months that the premium renewal rate for all major commercial product lines in the United States were up year-over year, notes a new index released Thursday by IVANS, a division of Applied Systems.…
Travelers’ net income up 9% in Q4 2016 to US$943 million
January 24, 2017 by Canadian UnderwriterThe Travelers Companies, Inc. has reported a net income of US$943 million for the fourth quarter of last year ending Dec. 31, 2016, up 9% from US$866 million in the prior-year quarter. Travelers released its financial results on Tuesday, noting…
Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court
January 17, 2017 by Canadian UnderwriterA Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the…
Europe’s insurers paid out 2.7 billion euros a day in 2015: Insurance Europe
December 20, 2016 by Canadian UnderwriterEurope’s insurers paid out a total of 975 billion euros in claims and benefits over the course of 2015, the equivalent of about 2.7 billion euros per day, according to figures released on Tuesday by Insurance Europe, the European insurance…
Fairfax’s Newline insurer to open German office
December 14, 2016 by Canadian UnderwriterNewline Insurance Company Ltd., which is ultimately owned by Toronto-based Fairfax Financial Holdings Ltd., announced Tuesday it has received regulatory approval to open a new branch office in Cologne. Newline, which writes international casualty and cargo coverage, is part of…
U.S. personal lines stable, commercial lines remain negative in A.M. Best’s 2017 outlooks
December 14, 2016 by Canadian UnderwriterRatings firm A.M. Best is maintaining a stable outlook for 2017 on the personal lines segment of the property and casualty industry in the United States, while also maintaining a negative outlook on commercial lines. The Oldwick, N.J.-based firm maintained…