Industry
DAS Canada is offering small and mid-sized Ontario businesses free legal advice during the week of Dec. 5.Business owners can call the company’s legal hotline, where they will be connected with a lawyer to answer their business-related legal questions, free of charge. Questions can range from employment disputes to unpaid receivables to health and safety […]
By Canadian Underwriter | December 7, 2011
1 min read
Freight forwarders and other transport intermediaries face increasingly significant liability risk, particularly in emerging markets, as they tackle additional supply chain services for their customers, warns international transport liability insurer TT Club.Manufacturers, retailers and other users of transport and logistics services are expecting their suppliers to undertake new complex risks as they outsource more of […]
2 min read
Ellen Moore of Chubb Insurance Company of Canada and Marilyn McLaren of Manitoba Public Insurance (MPI) were among the recipients of The Women’s Executive Network (WXN)’s 2011 Canada’s Most Powerful Women: Top 100 Awards.Co-presented by Scotiabank and KPMG, the awards are bestowed on Canada’s highest achieving female leaders in the private, public and not-for-profit sectors. […]
By Canadian Underwriter | December 6, 2011
Workplace fraud affected roughly one-quarter of Canadian small- and medium-sized businesses in 2010, costing an estimated $3.2 billion, according to a survey by the Certified General Accountants Association of Canada (CGAAC). Roughly 290,000 companies were victims of at least one instance of workplace fraud last year, the survey found. Of those companies surveyed, 59% do […]
Insured losses resulting from the Thailand floods may exceed $10 billion, according to Aon Benfield.In its Monthly Cat Recap report, Aon Benfield noted the floods, currently in the fourth month, have caused 657 deaths and affected more than 13.4 million people. Total economic losses are estimated at $45 billion.”As floodwaters throughout Thailand continue to recede, […]
Employees from The Dominion of Canada General Insurance Company (The Dominion) have volunteered to put their building skills to the test in support of Habitat for Humanity Halton. Habitat for Humanity Halton is a local, non-profit, faith-based organization working for a world where everyone has a safe and decent place to live. In its first […]
Ontario’s insurance regulator should update its 12% reasonable rate of return for insurers, review mediation backlogs of up to a year and address a $109-million asset deficiency in the Motor Vehicle Accident Claims Fund, the Office of the Auditor General of Ontario says in its 2011 Annual Report.A 23-page chapter of the report identifies many […]
By Canadian Underwriter | December 5, 2011
The U.S. property/casualty industry experienced catastrophe-related losses in the first nine months of 2011 that have surpassed the total year-end losses, reported A.M. Best.Total pre-tax, accident-year catastrophe-related losses, net of reinsurance and reinstatement premiums, were an estimated $38.6 billion during the first nine months of 2011. This marks an increase from the estimated $16.1 billion […]
If China experienced a catastrophic event similar in magnitude to the March 2011 Japan earthquake and tsunami, the impact on global supply chains would be far worse, since twice as many companies rely on this country for their key product lines, an FM Global study has found. FM Global commissioned a market research firm to […]
Responding to a rise in Canadian insurance fraud, ISB Canada, a source document company, is partnering with AFI International, an elite security firm that provides best-in-class insurance investigations. AFI International Group Inc. has over the past 25 years conducted more than 8,000 investigations related to fraudulent claims both in the insurance and corporate markets. Its […]
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