Industry
The International Group of Protection & Indemnity Clubs, which write liability insurance for ship owners, is “in the healthiest state in its history,” while the majority of its 13 members are planning to raise premiums 2.5% on renewal in 2016, Willis Group Holdings plc suggested in a report announced Tuesday. The IG market “has announced […]
By Canadian Underwriter | December 22, 2015
2 min read
DEARBORN, Mich. – Ford is recalling about 313,000 older large cars in North America because the headlights can go dark and cause a crash. The recall covers some Ford Crown Victoria and Mercury Grand Marquis from the 2003 to 2005 model years. It came after U.S. safety regulators opened an investigation into the problem that […]
1 min read
The governments of Canada and British Columbia announced on Saturday that they are investing $300,000 to strengthen the surveillance, early detection and response measures to avian flu. The funding will be used to enhance the resources at the B.C. Ministry of Agriculture’s Animal Health Centre in Abbotsford with specialized equipment to diagnose samples collected in […]
WINNIPEG – An internal federal government report says almost half the First Nations across Canada have “little to no fire protection” and rely too heavily on poorly trained volunteer firefighters who can’t do the job. The 2011 report examining insurance coverage for First Nations communities, obtained by The Canadian Press through Access to Information legislation, […]
By Canadian Underwriter | December 21, 2015
3 min read
British Columbia’s Ministry of Environment said on Friday that the province’s new Greenhouse Gas Industrial Reporting and Control Act (GGIRCA) comes into force on Jan. 1, 2016, ensuring liquefied natural gas (LNG) facilities in B.C. have an emissions cap and “making them the cleanest in the world.” The new act combines several pieces of existing […]
By Canadian Underwriter | December 18, 2015
Changes to Ontario’s vehicle storage laws, designed to reduce auto claims costs, take effect July 1, while changes to towing regulations will not take effect for more than a year, the provincial government announced Thursday. “Currently, when a vehicle has been damaged in an accident, it may be brought to a storage facility after the […]
4 min read
XL Group plc has increased its limits, in Canada and the United States, to $75 million for aircraft hull insurance and to $750 million for liability insurance. All figures are in United States dollars. In North America, XL’s target markets include major and regional airlines, corporate fleets, component manufacturers and fixed-base airport operators. Its new […]
DETROIT – Volkswagen has hired Washington lawyer Kenneth Feinberg to figure out a way to compensate owners of diesel-powered cars that the company rigged to cheat on emissions tests. Feinberg is among the nation’s top compensation experts and has been praised for handling victims’ compensation programs in the General Motors ignition switch scandal, the BP […]
By Canadian Underwriter | December 17, 2015
Two days after The Co-operators Group Ltd. announced its intent to provide $250,000 towards helping Syrian refugees find jobs in Canada, Intact Financial Corp. said it is donating $75,000 to immigrant employment centres across Canada, with a goal of helping Syrian refugees. The federal government will have brought in “15,000 government-sponsored Syrian refugees by the […]
The worldwide wearable device market will reach a total of 111.1 million units shipped in 2016, up a strong 44.4% from the 80 million units expected to ship in 2015, according to International Data Corporation (IDC), a global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets. […]
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