Industry
While easterners dig out after wintry blasts and blizzards, normally frigid prairie cities are into their second week of a January thaw that has seen overnight rain in Edmonton and shirt sleeves in Calgary. What’s up with the weather? “You can explain the weather outside your window by the position of the jet stream,” said […]
By The Canadian Press | January 30, 2015
3 min read
The percentage of the American general population opposed to building more nuclear power plants is greater than the percentage of members of the American Association for the Advancement of Science, while the number of AAAS members agreeing that “climate change is mostly due to human activity” is greater than that of the general population, a […]
By Canadian Underwriter | January 30, 2015
TD Insurance announced Wednesday that it is teaming up with its preferred vendors and will open Feb. 2 a “one-stop solution” for auto claims and collision repairs. “TD Insurance auto insurance customers will be able to complete all the steps of an auto collision repair process – file a claim, drop off their vehicle, get […]
By Canadian Underwriter | January 29, 2015
1 min read
Berkshire Hathaway Specialty Insurance announced this week it is “expanding into the Canadian marketplace,” where it is currently licensed to conduct business. In Canada, Berkshire Hathaway Specialty “underwrites on the paper of National Liability & Fire Insurance Company,” the Boston-based firm said in a press release Wednesday. National Liability is a member of Berkshire Hathaway […]
2 min read
Insurance carriers in the United States are focusing on improving their distribution practices as a key technique for driving growth, but are facing limited growth opportunities as a result of continuing marketplace pressures, suggests a new report issued Wednesday by Celent. “Growth and retention continue to be the top business goals affecting IT investments. However, […]
Oxford Analytica and Willis Group Holdings have announced the availability of a new political risk model to help companies assess financial exposure to political risks, the identification and management of which represents a significant and increasingly pressing challenge for boards of global companies. Calling the offering the first of its kind, the model allows global […]
Cyber security is “strategically important” to three of four Canadian chief executive officers surveyed, while nearly two-thirds identified cyber threats as a concern, PricewaterhouseCoopers (PwC) LLP suggested in a recent report. PwC released results from the 18th Annual Global CEO Survey, launched at the Annual Meeting of the World Economic Forum in Davos, Switzerland. In […]
By Canadian Underwriter | January 28, 2015
WASHINGTON – Three powerful accidents in recent years highlight weaknesses in the oversight of how natural gas providers maintain the largest pipelines in their networks, United States government accident investigators said Wednesday as they issued more than two dozen safety recommendations. A major effort a decade ago by the U.S. government to check a rise […]
ACE Limited’s unaudited net income for 2014 Q4 decreased 44.4% from the same quarter in 2013 – US$555 million compared to US$998 million – but officials remain confident in the company’s strategy. Operating income (net of tax) for the quarter ended December 31, 2014 amounted to US$827 million, up 0.4% from US$824 million in the […]
5 min read
With the introduction of its specialty products in Canada, commercial insurer CNA Financial Corp. plans to “build out” its talent base, focusing “primarily” on brokers with whom it already has relationships and expand its offerings to include directors’ and officers’ liability and technology liability, among others, company officials told brokers and reporters Tuesday. Before this […]
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