Industry
Canada was the second largest energy and power insurance market in the world with US$1.77 billion in premiums in 2014, suggests new research from Finaccord, a market research, publishing and consulting company specializing in financial services. Published on Wednesday, Finaccord’s study – Global Energy and Power Insurance: A Worldwide Review – found that energy and […]
By Canadian Underwriter | September 23, 2015
3 min read
TORONTO – Volkswagen Canada has told dealers to stop selling diesel-powered vehicles involved in an emissions-testing scandal that has drawn the ire of American regulators. Spokesman Thomas Tetzlaff said in an email that the voluntary move comes as the Canadian division of the automaker is working with its American counterpart and parent company in Germany […]
By Canadian Underwriter | September 22, 2015
4 min read
Zurich Insurance Group has announced that it does not intend to make an offer for RSA Insurance Group plc, in light of Zurich’s recent deterioration in its General Insurance Business related to the Port of Tianjin explosions last month in China. Canadian Underwriter reported on July 28 that Zurich-based Zurich Insurance Group was evaluating a […]
By Canadian Underwriter | September 21, 2015
The global market value of auto insurance premiums last year rose to US$669.7 billion in gross written premiums GWP) and is expected to continue growing in most countries up to 2018, notes a new report issued Monday by U.K.-based Finaccord. While the global auto market saw a growth rate of 2.9% in real terms (adjusted […]
TORONTO – Soaring real estate costs are pushing some Canadian cities to embrace laneway housing, touted as the future of affordable living in urban centres. But as the properties become more popular and balloon in value, questions are beginning to arise about whether current insurance practices are sufficient. Home insurer Square One Insurance says it […]
By Canadian Underwriter | September 20, 2015
Regina has been approved for disaster assistance from the province of Saskatchewan after a July storm pummelled the city. The move means Regina residents who had damages from the heavy rainfall on July 27 and 28 can apply for financial help to cover uninsurable losses. The city says people will need a letter from their […]
By The Canadian Press | September 18, 2015
1 min read
WASHINGTON – The United States Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Ending a highly anticipated meeting, Fed officials said Thursday that while the U.S. job market is solid, global pressures may “restrain economic activity” […]
By Canadian Underwriter | September 18, 2015
Potential changes to Ontario’s Construction Lien Act – possibly involving labour and material payment bond sureties – will be considered by a Toronto City Council committee next Monday. On the agenda for the Executive Committee meeting Sept. 21 is a recommendation that city staff “make oral and/or written submissions to any groups or bodies, including […]
By Canadian Underwriter | September 17, 2015
Aviva Canada is encouraging Canadian with ideas for positive change to make submissions for a chance to win a share of the $1 million Aviva Community Fund. Now in its seventh year, the 2015 Aviva Community Fund competition officially opened Tuesday, with ideas submissions due Oct. 2, 2015. Since beginning in 1999, the Aviva Community […]
By Canadian Underwriter | September 16, 2015
2 min read
SASKATOON – A City of Saskatoon committee is hailing the province to regulate ride-sharing companies such as Uber. The city transportation committee is recommending that council ask the Saskatchewan government to consider possible regulations and licensing. SGI, the Crown insurance company, is in talks with the province and Uber to determine what rules they would […]
By The Canadian Press | September 16, 2015
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
