News

Designated drivers may not be abstaining from alcohol entirely, despite evidence suggesting they should, notes a new study out of the University of Florida. Researchers there conducted six field studies over three months in a “college community restaurant and bar…

Commercial insurance prices in the U.S. increased during the fourth quarter of 2013, with the largest increases in employment practices liability and workers compensation, a survey released Monday by Towers Watson & Co. suggests. The increase in U.S. property coverage…

While distracted driving seems to grab headlines, many pedestrians may be engaging in distracting behaviour on the road, including texting while walking, which can contribute to motor vehicle related fatalities, notes a new survey from Liberty Mutual Insurance. Of about…

Travelers Companies, Inc. has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for approximately $1.1 billion in cash, subject to adjustment. The transaction is expected to close in 2013 Q4, subject to regulatory…

The Insurance Bureau of Canada (IBC) and the Provincial Auto Theft Network (PATNET) are making efforts to educate the public on cargo theft, which the groups say is a growing insurance problem here and south of the border.  The groups…

While it may take some time for insurers to see the full impact of proposed changes related to auto insurance in Ontario, companies need to ensure they’re not entering into lines they may not understand, the head of the Office…

The Co-operators Group and Intact Financial were among the companies ranked on a list of top corporate citizens in Canada.  The 2013 Best Corporate Citizens in Canada rankings of 50 companies from Corporate Knights magazine, looks at 12 sustainability metrics,…

The British Columbia government and WorkSafeBC launched its annual campaign this week to aimed at increasing driver awareness about the dangers faced by roadside workers. The Cone Zone = Slow Down campaign, run by the Work Zone Safety Alliance, reminds…

The Ontario Court of Appeal recently ruled against Economical Insurance when it decided that a policyholder can amend a claim against the carrier under a family protection endorsement of an auto policy. The case stemmed from a collision in November…

The first named storm of the Atlantic hurricane season is projected to reach the Canadian Maritime provinces by the weekend, although by then it will likely transform into a wet low pressure system. The Canadian Hurricane Centre is maintaining watch…

Property and casualty insurers in the United States need to consider some of the major demographic and socioeconomic trends happening in the country and factor them into their growth plans, notes a new report from research firm Conning. “The U.S.…

Human errors and system problems caused two-thirds of data breaches last year, although those caused by malicious attacks were the most costly, according to global report from the Ponemon Institute. The global average cost for breaches was $136 per record…