IronPro launches enhanced cyber, tech E&O products in Canada
March 16, 2016 by Canadian UnderwriterIronPro, the financial and professional lines unit of Ironshore, is introducing a suite of enhanced cyber and technology errors and ommisions (E&O) products customized for the Canadian marketplace. The products will also provide eligible Ironshore Highly Protected Information policyholders with…
Allianz Global Corporate & Specialty gets new North American CEO
March 15, 2016 by Canadian UnderwriterAllianz Global Corporate & Specialty SE announced Tuesday that Bill Scaldaferri will be appointed chief executive officer for North America effective July 1, replacing Art Moossmann. Moossmann “will hand over his leadership responsibility” for AGCS North America to Scaldaferri from…
Canadian investors among plaintiffs suing Volkswagen in Germany
March 15, 2016 David McHugh - THE ASSOCIATED PRESSFRANKFURT – Institutional investors are suing Volkswagen for 3.25 billion euros in damages over the company’s handling of its emissions scandal, which has so far seen the share price fall by about a third. Attorney Andreas Tilp said Tuesday that…
Possible terrorist link under investigation after stabbing at Toronto military recruiting office
March 15, 2016 Colin Perkel and Diana Mehta - THE CANADIAN PRESSTORONTO — A man who allegedly said Allah instructed him to kill was charged Tuesday with stabbing and wounding two uniformed military members at a north Toronto recruiting centre a day earlier. While investigators were probing possible terror links, the…
Supreme Court of Canada to hear appeal over faulty workmanship exclusion in builder’s risk insurance policy
March 14, 2016 by Canadian UnderwriterThe Supreme Court of Canada is scheduled to hear an appeal from a construction contractor arising from a disputed claim on a builder’s risk policy with a faulty workmanship exclusion, the highest court announced Friday. Ledcor Construction, a general contractor,…
Train derailment exercise seeks to identify how to improve collaboration, response capabilities
March 14, 2016 by Canadian UnderwriterTransport Canada and Defence Research and Development Canada (DRDC) conducted an exercise in British Columbia this past weekend to shed light on how to improve Canada’s response capabilities and future training curriculum for emergency responders in the event of an…
CANATICS, IBC taking important step forward in fight against organized insurance crime
March 14, 2016 by Canadian UnderwriterCanadian National Insurance Crime Services (CANATICS) and Insurance Bureau of Canada (IBC) are joining forces in the war on organized insurance crime, hoping to advance efforts with a mix of timely early warnings and investigation expertise. The strategic move to…
Agricultural firms handling fertilizer, pesticides need to assess pollution risk: Chubb
March 11, 2016 by Canadian UnderwriterFarming operations handling fertilizers and pesticides could have “significant gaps” in insurance coverage due to pollution risk, Chubb Ltd. warned in a paper released Friday in the United States. “Typical agricultural policies provide only limited coverage in specific circumstances for…
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…
Strong gusts down trees, cut power to thousands of B.C. south coast homes
March 10, 2016 The Canadian PressVANCOUVER – A powerful windstorm knocked out electricity to tens of thousands of customers across B.C.’s south coast early Thursday morning. Environment Canada says potentially damaging wind gusts of up to 90 kilometres per hour are sweeping across most of…
Injured woman cannot pursue tort lawsuit in Ontario over motorcycle accident in B.C.
March 10, 2016 by Canadian UnderwriterCanada’s highest court announced Thursday it will not hear an appeal from an Ontario woman injured in a motorcycle accident in British Columbia who unsuccessfully sought to sue the driver in an Ontario court. So a unanimous finding – that…
Nominations open for CIP Society’s 2016 National Leadership Awards
March 10, 2016 by Canadian UnderwriterNominations are now open for the CIP Society’s 2016 Leadership Awards, the only national program of its kind that celebrates leadership among property & casualty professionals in Canada. The National Leadership Awards program honours CIP Society graduates, many of whom…