Keyword
Insurance
XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss
July 14, 2016 by Canadian UnderwriterXL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and…
Intact’s commercial ridesharing insurance policy gets green light in Ontario
July 8, 2016 by Canadian UnderwriterThe Financial Services Commission of Ontario has approved a commercial ridesharing insurance policy offered by Intact Financial Corporation (IFC) in partnership with Uber Canada. Effective July 7, 2016, IFC reports in a statement that the product will provide protection to…
XL Catlin sponsors deep ocean survey to better understand climate change impacts
July 6, 2016 by Canadian UnderwriterXL Catlin will sponsor a new scientific survey to research the deep ocean, information from which will hopefully shed light on the potential impact of climate change and the risks that businesses, society and ecosystems will face in future. The…
Global growth in insurance premium steady, but outlook mixed: Swiss Re
July 4, 2016 PremiumGlobal insurance premium growth in 2015 was up to 3.8% in real terms compared to 3.5% in 2014, illustrating a steady performance, but bringing with it a mixed outlook, Swiss Re points out in its latest sigma report. Global premium…
Business of Security
July 3, 2016 Angela Stelmakowich, EditorCyber crime is a major disruption to business, with Deloitte Canada reporting only one in five respondents say they are prepared to effectively respond to a cyber attack.
Alberta’s new insurance policy for TNCs a first for a Canadian province, policy available July 1
June 30, 2016 by Canadian UnderwriterA new insurance policy for transportation network companies (TNCs) is available to insurance firms licensed in Alberta as of July 1, in line with the provincial government’s recently announced TNC framework geared at promoting fairness and road safety. The insurance…
Energi of Canada launches p&c programs for energy in parts of Western, Atlantic Canada
June 13, 2016 by Canadian UnderwriterCompanies in parts of Western and Atlantic Canada that exhibit a commitment to loss prevention and implementing best practices will have access to new property and casualty programs for energy business from Energi of Canada Ltd. Already available in Ontario,…
Ironshore International releases political risk coverage for film producers
June 7, 2016 by Canadian UnderwriterIronshore International has announced the availability of a political risk product to address the risk exposure of film production companies shooting in at-risk locations worldwide. The Political Risk film production specialty insurance product will be offered within the company’s War…
‘There’s nothing left:’ The story of one man’s return to Fort McMurray
June 5, 2016 By Lauren Krugel - The Canadian PressFORT MCMURRAY, Alta. – Farid El-Hayouni manages to keep it together until he sees what is left of his son’s bike. Along the drive up Highway 63 into Fort McMurray, he makes a series of matter-of-fact observations about what “the…
Determining Limits
June 1, 2016 Michael Teitelbaum, Partner, Hughes Amys LLPA recent Ontario appeal court ruling exploring what limitation period applies to an insurer’s duty to defend sheds light on an issue not yet comprehensively addressed in the province. When an insurer denies the duty to defend, this is considered a “loss” for the purpose of the triggering of a limitation period.
World Bank announces “first-ever insurance market for pandemic risk”
May 25, 2016 by Canadian UnderwriterThe World Bank Group has announced that it is creating the Pandemic Emergency Financing Facility (PEF), “an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk.”…
Loss in Translation
May 20, 2016 Emily Atkins, EditorMaking the complex clear brings satisfaction to Andy Williams and the team at AMG Claims Inc.