The National Oceanic and Atmospheric Administration issued its Atlantic hurricane season outlook Thursday, predicting an active or extremely active storm season this year. For the six-month season, which begins June 1, the NOAA’s Climate Prediction Center said there is a…
More than 90,000 impaired driving incidents were reported by police in 2011 in Canada, up by roughly 3,000 over the year prior, the Insurance Brokers Association of Ontario noted this week as part of an ongoing safety campaign aimed especially…
Washington, D.C. and Virginia Beach are among the riskier summer road trip destinations based on auto collision data, according to analysis from Erie Insurance. The Pennsylvania-based insurer looked at 10 popular vacation destinations and ranked them in terms of crash…
Desjardins General Insurance Group announced Thursday its financial results for the three months ending March 31, reporting net income of $25.4 million on direct written premiums of $482.4 million. The Levis, Quebec-based property and casualty carrier said first quarter net…
Smartphone and tablet use among global insurance carriers for providing customer service has increased over the past few years, according to survey results from FirstBest Systems. The survey, a follow-up to a similar survey in 2011, included 55 responses representing…
Environment Canada confirmed Wednesday that a tornado occurred in Ontario, the second of the season. On Tuesday at 3 p.m. ET, a tornado occurred near Glenarm, Ont., a small community in the City of Kawartha Lakes, Environment Canada confirmed in…
Travelers Insurance Company of Canada announced Wednesday it has launched IndustryEdge, which includes custom coverage for several industries, including restaurants, hotels, wineries and metal products manufacturers. The Canadian products, which target mid-sized firms, are modeled after those of its New…
Auto insurance customers find it easier to use insurance company websites to service their existing policies rather than for shopping around for coverage, according to results from a recent U.S. study by J.D. Power and Associates. The study asked customers…
Preliminary damage estimates from a tornado that devastated Moore, Oklahoma place replacement value of properties between $2.2 billion and $6.4 billion, according to AIR Worldwide. The replacement value is dependent on the buffer zone around the track of the tornado…
Ongoing regulatory reform, particularly related to Ontario auto insurance, along with general industry consolidation, means Canadian independent medical evaluation companies must diversify their offerings and continue working with stakeholders, a new whitepaper from Cira Medical Services argues. Reforms in 2010…
Long Point Re III Ltd. has issued US$300 million worth of three-year cat bonds to provide The Travelers Companies Inc. with protection from hurricane losses in the northeastern United States. Travelers had earlier reported US$669 million in after-tax catastrophe losses…
The U.S. property and casualty insurance industry released in excess of US$10.5 billion in reserves in 2012 but the industry loss position is either stable or improved from 2011, according to a report released this week by Conning & Company.…