Risk
One in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk Solutions – a unit of RELX Group plc, formerly known as Reed Elsevier – commissioned […]
By Canadian Underwriter | July 6, 2016
3 min read
DUBAI, United Arab Emirates — Saudi Arabia on Tuesday identified the suicide bomber who struck outside the U.S. Consulate in Jiddah as a Pakistani resident of the kingdom who arrived 12 years ago to work as a driver. The suicide bombing near the diplomatic post was the first of three targeting the kingdom on Monday, […]
By Greg Meckbach | July 5, 2016
4 min read
An international agreement to limit carbon emissions, regulations requiring some natural resources firms to have cash on hand to decommission facilities and the threat of cyber attack are among the risks cited by senior executives in a Willis Towers Watson survey released Tuesday. Willis Towers Watson announced the release of a report titled Natural Resources […]
By Canadian Underwriter | July 5, 2016
A new insurance policy for transportation network companies (TNCs) is available to insurance firms licensed in Alberta as of July 1, in line with the provincial government’s recently announced TNC framework geared at promoting fairness and road safety. The insurance solution for TNCs and their drivers has been approved by Alberta’s Superintendent of Insurance, notes […]
By Canadian Underwriter | June 30, 2016
A proposal to ask the Ontario government to order a shutdown, earlier than scheduled, of a nuclear power plant situated less than 10 kilometres outside the Toronto city limits, is on the agenda for a June 28 meeting of City Council’s executive committee. A motion, that “City Council request the Government of Ontario to direct […]
By Canadian Underwriter | June 21, 2016
Flood losses in the wake of storms Elvira and Friederike in late May and early June are not expected to result in ratings actions, but it is anticipated they will hit first-half results for French and German insurers, notes a briefing from A.M. Best. The storms – which hit the countries in quick succession from […]
Manitoba Public Insurance (MPI) said on Friday that it has asked the Public Utilities Board for a 2% increase to Basic Autopac rates, citing an “unprecedented” year for comprehensive (non-collision) claims payouts. Basic Autopac is an all-perils coverage that insures a vehicle and any permanently attached equipment against accidental loss or damage in Canada or […]
By Canadian Underwriter | June 17, 2016
Toronto politicians are scheduled to debate this Monday a recommendation that the city’s transportation services department host “joint reviews” quarterly, with Toronto city police, of fatal auto collisions, in order to “identify potential causal factors” and measures to reduce the risk and severity of fatal accidents. Toronto’s road safety plan (2017-2021) – a staff report […]
By Canadian Underwriter | June 15, 2016
Saskatchewan Government Insurance (SGI) is implementing the next phase of its Motorcycle Graduated Driver Licensing (MGDL) program changes in an effort to improve safety for new motorcyclists, the province’s self-sustaining auto insurance fund announced on Wednesday. The MGDL program exposes new motorcycle riders to increasing levels of risk as they gain riding experience, SGI explained […]
2 min read
Ironshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who will be based in New York and serve as senior vice president, head of Mergers […]
By Canadian Underwriter | June 14, 2016
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