News

The Insurance Bureau of Canada is using Crime Stoppers Month as an opportunity to again remind the public about the high cost of insurance fraud. January is Crime Stoppers Month in Ontario, where high auto insurance premiums are often linked…

Munich-based financial services giant Allianz is estimating its losses from October’s superstorm Sandy to be $590 million, a preliminary figure that includes payments to customers and related items such as reinsurance reinstatement fees. “Despite the impact of Hurricane Sandy, we continue…

Science-based zoning and building standards has helped mitigate earthquake losses and the same can be done for hurricanes, suggests the director of the U.S. Geological Survey (USGS) in a new science feature posted on its website. “USGS science has been…

Environment Canada was advising people to monitor weather conditions and listen for updated statements as a result of potentially damaging winds expected to hit parts of Newfoundland and Labrador on Tuesday.  “A low-pressure system over the Labrador Sea will continue…

Using “cool cement” and setting standards for roofing materials are among the actions some cities in the United States are taking to tackle climate change, and the damage it’s causing to their infrastructures. A sustainability focused organization in the United…

Auto insurance premiums for young female drivers in the United Kingdom have risen an average of 22.1% since the  European Court of Justice (ECJ) ruling on the gender-based pricing, a new study suggests. Since Dec. 21, 2012, female drivers between…

The insurance and reinsurance industries should begin to consider the potential consequences of a severe space weather event, says global reinsurance company Aon Benfield. Solar and geomagnetic activity in particular will peak in the next year, the company says as…

A survey of small and medium enterprises (SMEs) in the United Kingdom shows an increased appetite for expanding business operations in 2013, and further indicates 69% of respondents feel confident they have the right insurance in place for their business…

Hurricane Sandy is likely to inspire some companies to revisit flooding-related risk management and exposure in the northeast United States, suggests a special report from Fitch Ratings. “In nearly all cases, Hurricane Sandy demonstrated the favourable spread of loss and…

The current outbreak of influenza in the United States is the most widespread outbreak of the virus since the H1N1 pandemic in 2009-2010, insurer Zurich North America said Friday. The company has released two “risk bulletins,” posted on its website,…

Claims services firm Cunningham Lindsey Canada has launched a new division, Cunningham Lindsey Research Services Inc (Research Services), offering investigative, surveillance and information services to the insurance industry. The new division is geared toward the Canadian insurance industry but also…

Environment Canada issued several weather warnings for the nation Friday, including blowing snow on the island of Newfoundland and southern Saskatchewan, with the possibility of minor coastal flooding in southeastern Newfoundland. High waves were expected for some areas of Newfoundland,…