Claims

Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon Image

Claims

Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon

Relentless seasonal flooding that began in mid-June resulted in continued fatalities and damage across parts of Asia in July, causing an estimated US$11 billion in economic losses, according to Impact Forecasting’s latest Global Catastrophe Recap report. On Tuesday, Impact Forecasting, Aon Benfield’s catastrophe model development team, launched the Global Catastrophe Recap report evaluating the impact […]

By Canadian Underwriter | August 8, 2017

4 min read

Security Blanket Security Blanket Image

Claims

Security Blanket

Businesses have plenty of stored data on their systems, some of it not currently being used and unlikely to be used in future. This information could prove fertile ground for hacking and potentially expensive breaches. A well-conceived purge may be necessary in order to ensure stored data does not turn toxic.

By Andre Boysen Chief Identity Officer, SecureKey Technologies | August 8, 2017

6 min read

B.C. extends state of emergency for second time over wildfires B.C. extends state of emergency for second time over wildfires Image

Claims

B.C. extends state of emergency for second time over wildfires

VICTORIA – The British Columbia government has extended a state of emergency declared in response to the raging wildfires that have devastated numerous areas of the province’s Interior. This is the second time Premier John Horgan’s government has extended the declaration and this latest extension will run until Aug. 18. The measure ensures the delivery […]

By Jason Contant | August 4, 2017

1 min read

Economical reports 12.8% increase in gross written premiums in Q2 2017, 8.3 point increase in combined ratio to 112.8% Economical reports 12.8% increase in gross written premiums in Q2 2017, 8.3 point increase in combined ratio to 112.8% Image

Claims

Economical reports 12.8% increase in gross written premiums in Q2 2017, 8.3 point increase in combined ratio to 112.8%

Economical Insurance reported a 12.8% increase in gross written premiums (GWP) in the second quarter of 2017 to $660.6 million, driven by strong personal lines growth, including contributions from Sonnet and Petline. “While we generated significant growth in gross written premiums stemming from broker channel personal lines, Sonnet and Petline, the underwriting performance of our […]

By Canadian Underwriter | August 4, 2017

4 min read