Keyword
United States
U.S. “quiet car” safety standard to help prevent thousands of pedestrian injuries once fully implemented: NHTSA
November 16, 2016 by Canadian UnderwriterPedestrian protection is the driving force behind a federal “quiet car” safety standard adopted by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) that will require an audible alert on all newly manufactured light-duty hybrid vehicles (HVs)…
Some increased risks developing in surety space, but these can be managed: panel
November 14, 2016 by Angela StelmakowichThe outlook for surety in Canada is healthy, but a number of developments are introducing increased risk that need to be taken into account and properly managed, speakers suggested during the Toronto Risk and Insurance Education Forum last week in…
Insurance rates decrease continued to moderate for third quarter in a row: Marsh
November 11, 2016 by Canadian UnderwriterThe third quarter of 2016 marked the third consecutive quarter that the rate of decline for global insurance rates has moderated by weighted average, Marsh notes in its newly released Global Insurance Market Index Q3 – 2016. Pointing out that…
Hurricane Matthew causes up to US$15 billion impact to U.S. and Caribbean economies in October: Aon Benfield
November 9, 2016 by Canadian UnderwriterHurricane Matthew, which swept through parts of the Caribbean and United States last month, is expected to cost up to US$15 billion to both economies, according to Aon Benfield’s latest Global Catastrophe Recap. Released on Wednesday, the report from Aon…
78% of global SMEs fear impact of climate change on their businesses: Zurich study
November 4, 2016 by Canadian UnderwriterNearly four-fifths (78%) of global small- and medium-sized enterprises (SMEs) surveyed by Zurich Insurance Group expected risks associated with climate change to have a significant impact on their business. Zurich’s fourth annual global SME survey, titled Potential effect on business…
CNA Financial posts net income of US$343 million in 2016 Q3
November 1, 2016 by Canadian UnderwriterCNA Financial Corporation saw net income jump US$165 million to US$343 million in 2016 Q3 over the prior-year quarter, driven by the performance of its Property & Casualty Operations, higher net investment income and stable catastrophe losses. Net income for…
40% of polled U.S. policyholders who purchased cyber coverage in last six months have increased coverage: Council of Insurance Agents & Brokers
October 28, 2016 by Canadian UnderwriterThe Council of Insurance Agents & Brokers (CIAB) in the United States has reported that nearly 40% of polled policyholders who purchased cyber coverage in the last six months have increased their coverage levels. Earlier this week, the CIAB released…
U.S. homeowner claims decreasing, loss costs on the decline, LexisNexis Risk Solutions study finds
October 27, 2016 by Canadian UnderwriterHomeowner claims in the United States continue to decrease and loss costs are flat or on the decline, according to a new report from LexisNexis Risk Solutions. 2016 LexisNexis Home Trends Report, the inaugural study of home insurance trends released…
Nat-cats contribute to decrease in net income at SCOR for first three quarters of 2016 compared to prior-year period
October 27, 2016 by Canadian UnderwriterThe Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first…
1.8 million homes in 13 western states at extreme or high risk of wildfire damage: CoreLogic
October 26, 2016 by Canadian UnderwriterNearly two million homes in 13 western states are at an extreme or high risk of wildfire damage, according to a new report from CoreLogic, Inc. CoreLogic, a global property information, analytics and data-enabled solutions provider, said on Wednesday that…
U.S. homeowners premiums set to surpass US$90 billion for the first time: Aon Benfield
October 25, 2016 by Canadian UnderwriterAon Benfield is forecasting continued growth in direct homeowners insurance premiums in the United States for 2016, despite a decreasing return on equity (ROE) for insurers. Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released its…
U.S. Internet repeatedly disrupted by cyberattacks on key firm
October 21, 2016 Raphael Satter - THE ASSOCIATED PRESSLONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was…