Chubb has announced the availability of new property and casualty endorsements for its Global Cyber Facility aimed at helping risk managers and chief information security officers (CISOs) address exposure gaps in their organizations’ insurance portfolios and best respond to C-suite…
Intact Insurance must participate in the defence of a lessee of commercial property – on a Grimsby, Ont. site formerly occupied by a gas station – which is being sued by a neighbouring property owner alleging that contaminants migrated to…
The fourth and final insured property market loss estimate flowing from U.K. flooding in the wake of storm Desmond in late 2015 is £604 million, reports PERILS AG. Desmond and other low-pressure systems caused effects over a three-week period from…
Zurich Insurance Group announced on Tuesday that it will combine its corporate and commercial businesses into a “single global business as part of its process to simplify and strengthen its organization.” The new unit, to be called Commercial Insurance, brings…
The Supreme Court of Canada recently announced it will not hear an appeal, from a forestry firm’s captive reinsurance company, of a ruling arising from a disputed $25-million liability insurance claim. This means that an order for a new trial…
Arch Capital Group Ltd. reported Wednesday a 1.4-point increase in its second-quarter combined ratio and 42% increase in net income, with growth in its travel, construction and national accounts. Pembroke, Bermuda-based Arch Capital’s operations include commercial insurer Arch Insurance Canada…
Written premium price levels charged on insurance policies underwritten during the first quarter of 2016 increased 1.2% from the prior year quarter, according to Willis Towers Watson’s Commercial Lines Insurance Pricing Survey – Canada (CLIPS Canada). The most recent survey,…
The federal health department “cannot assure consumers” that cosmetic products comply with the nation’s Food and Drugs Act, and vendors of such products are not required to disclose chemical components, a recent auditor-general’s report suggested. “Health Canada should inform consumers…
Commercial insurance prices in aggregate for Canadian insurers increased 3.8% in the general products and liability line during the fourth quarter of 2015 compared to those charged for the same coverage during Q4 2014, according to the latest Willis Towers…
ISO announced on Monday that it is preparing for the “potential rise and fall of commercial drones” with new inland marine insurance forms to help protect businesses from the costs of such potential crashes, including damage to the drones, their…
Dates March 8 2016 City Toronto, Ontario, Canada Contact Name Tracey Blouin Local Phone 416-488-7422 Tollfree Phone 1-800-268-8845 Email tblouin@ibao.on.ca Website Commercial Umbrella Main Body (2 Technical Hours) Attain information on the use, needs and coverage available for umbrella and…
Mid-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…