Keyword
United States
Recent quakes a reminder of the importance of insurance options in U.S.: III
April 19, 2016 by Canadian UnderwriterMany states in the United States face risks from earthquakes, yet only about 10% of surveyed homeowners on the West Coast have purchased related coverage, reports the Insurance Information Institute (III). Recent earthquakes in Ecuador and Japan serve as a…
Most breaches at surveyed U.S. organizations small and undetected: report
March 15, 2016 by Canadian UnderwriterData breaches know no boundaries when it comes to industry or size, with most surveyed organizations in the United States likely having experienced a breach, the majority of which are small and may go undetected for a long time, suggests…
Higher construction spend spurs Chubb’s move to broaden offerings to mid-sized construction firms
March 10, 2016 by Canadian UnderwriterMid-sized construction firms in the United States and Canada now have access to certain Chubb insurance products and services that were previously only available to large national and international construction companies, notes a company statement issued Thursday. The products will be handled through…
U.S. Federal Insurance Office requests voluntary data from insurers on participation in Terrorism Risk Insurance Program
March 8, 2016 by Canadian UnderwriterThe U.S. Department of the Treasury’s Federal Insurance Office (FIO) has published a notice in the Federal Register requesting that insurers voluntarily submit certain insurance data and information regarding their participation in the Terrorism Risk Insurance Program (TRIP). Section 111…
Co-ordinated effort limited contractor fraud following 2013’s F-5 tornado in Oklahoma
March 7, 2016 by Canadian UnderwriterUnprecedented planning and co-ordinated efforts by state and local authorities, law enforcement and the insurance industry provided the means to protect the public from fly-by-night contractors, suggests the National Insurance Crime Bureau (NICB). “Preparation in advance of the F-5 tornado…
Cloud security both a benefit, cause for concern: U.S. survey
March 4, 2016 by Canadian UnderwriterSurveyed enterprises in the United States suggest that security of the cloud infrastructure figures prominently as both a benefit and a challenge, suggests a new poll conducted by B2B research firm Clutch. Medium and large enterprises appear to have mixed…
Carriers with saturated lines, digital-based players expected suitors for U.S. small commercial insurance market: McKinsey
March 3, 2016 by Canadian UnderwriterRepresenting one of the few bright spots in the U.S. property and casualty market growth over recent years, small commercial insurance has become the focus of intense competition that is expected to intensify in the near future, suggests a report…
XL Catlin doubles standalone terrorism limits in U.S.
February 26, 2016 by Canadian UnderwriterXL Catlin’s crisis management business has doubled available liability limits in the United States for standalone terrorism insurance coverage to US$200 million and unveiled specialized active assailant coverage as an answer to increased terrorism and active assailant threats. The options…
BB&T Corporation to acquire Swett & Crawford for US$500 million
February 25, 2016 by Canadian UnderwriterBB&T Corporation has reached an agreement to acquire CGSC North America Holdings Corporation (Swett & Crawford) from Cooper Gay Swett & Crawford (CGSC) for US$500 million in cash, a move expected to provide BB&T’s wholesale insurance business with scale and…
U.S. P&C industry expected to post third consecutive underwriting profit in 2015, despite slight deterioration in combined ratio: A.M. Best
February 23, 2016 by Canadian UnderwriterThe property and casualty industry in the United States is expected to produce a third consecutive underwriting profit in 2015, despite a slight deterioration in the combined ratio as rate increases slow and the level of favourable loss reserve development…
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…
90% of polled enterprises in U.S. to increase, maintain annual spend on cloud computing in 2016
February 16, 2016 by Canadian UnderwriterA new survey out of the United States identifies a cloud computing spending pattern – 90% of respondents say their companies plan to increase or maintain related budgets – that signals a growth opportunity for providers. Cloud service providers are…