Industry
More than half of Fortune 500 companies in the United States say that their firms would face “serious harm” or be “adversely impacted” due to a cyber attack, according to a new report from Willis North America. The majority of those companies are following guidelines set out by the Securities and Exchange Commission (SEC) in […]
By Canadian Underwriter | June 11, 2013
3 min read
Commercial insurance prices in the U.S. increased during the fourth quarter of 2013, with the largest increases in employment practices liability and workers compensation, a survey released Monday by Towers Watson & Co. suggests. The increase in U.S. property coverage prices, from the last quarter of 2012 to the first quarter of this year, was […]
By Canadian Underwriter | June 10, 2013
2 min read
While distracted driving seems to grab headlines, many pedestrians may be engaging in distracting behaviour on the road, including texting while walking, which can contribute to motor vehicle related fatalities, notes a new survey from Liberty Mutual Insurance. Of about 1,000 adults surveyed across the United States, 55% said they consider texting or emailing while […]
Travelers Companies, Inc. has agreed to acquire The Dominion of Canada General Insurance Company from E-L Financial Corporation Limited for approximately $1.1 billion in cash, subject to adjustment. The transaction is expected to close in 2013 Q4, subject to regulatory approvals and other customary closing conditions, notes a statement from Travelers. Travelers will fund the […]
While it may take some time for insurers to see the full impact of proposed changes related to auto insurance in Ontario, companies need to ensure they’re not entering into lines they may not understand, the head of the Office of the Superintendent of Financial Services has cautioned. In remarks at an event organized by […]
By Canadian Underwriter | June 7, 2013
The Co-operators Group and Intact Financial were among the companies ranked on a list of top corporate citizens in Canada. The 2013 Best Corporate Citizens in Canada rankings of 50 companies from Corporate Knights magazine, looks at 12 sustainability metrics, including greenhouse gas productivity, health and safety performance and pension fund quality. “Companies are ranked […]
The British Columbia government and WorkSafeBC launched its annual campaign this week to aimed at increasing driver awareness about the dangers faced by roadside workers. The Cone Zone = Slow Down campaign, run by the Work Zone Safety Alliance, reminds drivers to slow down and pay attention when driving near work sites and roadside workers. […]
Property and casualty insurers in the United States need to consider some of the major demographic and socioeconomic trends happening in the country and factor them into their growth plans, notes a new report from research firm Conning. “The U.S. consumer market is undergoing significant change in its social and economic structure with far-reaching implications […]
By Canadian Underwriter | June 6, 2013
XL Group plc (NYSE: XL) has created a new reinsurance division focused on emerging markets. The new Reinsurance Global Emerging Markets unit will be led by Philippe Rochaix, who was already in charge of the Latin America Reinsurance operations for the company. The unit will form part of XL’s newly-named International Reinsurance business group under […]
By Canadian Underwriter | June 5, 2013
1 min read
Saskatchewan Government Insurance (SGI) is looking for a vendor to supply telematics technology for motorcycles for a planned pilot program. The insurer issued an Advance Contract Award Notice through SaskTenders on Tuesday looking for a vendor that can help shape a usage-based insurance program for motorcycle drivers in the province. The Motorcycle Review Committee, a […]
By Canadian Underwriter | June 4, 2013
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