Industry
Industrial Alliance Insurance and Financial Services Inc. reported Thursday a 3.3-point improvement in its combined ratio and an 8.4% increase, in 2014, of its gross premiums. The Quebec City-based firm operates Industrial Alliance Auto and Home Insurance Inc., as well as group insurance, wealth management, savings and retirement services. In its financial results, Industrial […]
By Canadian Underwriter | February 12, 2015
1 min read
MINSK, Belarus – The peace deal for eastern Ukraine reached on Thursday sets clear deadlines for a cease-fire and the withdrawal of heavy weapons, but resolution of the main political and economic issues behind the conflict was made conditional on a series of difficult steps and put off until the end of the year. The […]
3 min read
ST. JOHN’S, N.L. – School closures and flight cancellations are piling up in eastern Newfoundland as a major winter storm has moved in from the Grand Banks. Environment Canada says up to 40 centimetres of snow will be whipped up by winds gusting across the Avalon Peninsula at 110 kilometres per hour. Provincial government […]
By The Canadian Press | February 12, 2015
2 min read
MONTREAL – A Quebec coroner says several factors contributed to the tragic fire at a seniors’ home that killed 32 people a little over a year ago. Cyrille Delage says in his final report into the fire at the L’Isle Verte, Que. home that building codes weren’t properly followed, employees lacked training and there were […]
GROSSETO, Italy – The captain of the shipwrecked Costa Concordia cruise ship was convicted Wednesday of multiple charges of manslaughter and sentenced to 16 years in jail, Italian court officials said. Francesco Schettino was convicted of manslaughter in the deaths of 32 passengers and crew in the Jan. 13, 2012 capsizing as well as of […]
By Canadian Underwriter | February 11, 2015
Willis Group Holdings plc had a 12% increase in fourth-quarter net income while organic commissions and fees in North America dropped 4.9% year over year, the London-based commercial insurance brokerage and risk management firm reported Tuesday. In a filing with the United States Securities and Exchange Commission, Willis reported revenue of $958 million during the […]
Two people are in isolation at a London, Ont. hospital as a precaution in case they have Ebola, published reports indicate. The London Free Press reported that a mother and a child – who came to Canada from Guinea – were brought to London’s Victoria Hospital Tuesday night from the Kitchener-Waterloo area. The CBC […]
More than 50% of consumers surveyed in North America said cost or terms were a top reason for closing their home or auto insurance policies, Ernst & Young (EY) Global Ltd. suggested in a recent report. EY released the findings of its global consumer insurance survey and broke them down by region. In the survey, […]
SANAA, Yemen – The United States, Britain and France said Wednesday they were closing their embassies in Yemen amid the turmoil in the wake of the Shiite rebels’ takeover of the country. The closures – almost four years to the date since the start of an Arab Spring uprising that ousted Yemen’s longtime autocratic ruler […]
4 min read
LONGUEUIL, Que. – Two people suffered minor injuries after a pedestrian walkway partially collapsed on to a busy highway late Tuesday, south of Montreal. Fire department officials in Longueuil, Que., said a portion of the walkway collapsed on to Highway 132, not far from the exit for Roland-Therrien Boulevard. The walkway appears to have come […]
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