Risk
A new investigation suggests many anchor losses are avoidable and shed light on a potentially bigger issue: the need for crews to be aware of the environmental loads for which equipment is designed. A rising number of anchor losses reported over the last several years prompted an investigation. The investigation was carried out by DNV […]
By Canadian Underwriter | March 18, 2016
3 min read
The federal government announced Thursday that Transport Minister Marc Garneau has endorsed an online awareness tool for handling flammable liquid emergencies. The tool was developed by Enform, a group of six oil and gas industry associations. That tool “helps first responders to assess hazards at the scene, to know who to contact and what resources […]
By Canadian Underwriter | March 17, 2016
WASHINGTON – The United States Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy. As a result, officials with the Federal Reserve System expect to raise rates more gradually this year than they had envisioned in December. The officials now foresee two, rather than […]
4 min read
SCM Insurance Services announced Wednesday that its Opta Information Intelligence unit has a partnership with Impact Forecasting LLC to provide flood model products to Canadian insurance providers. “Opta will leverage this technology to provide its customers with the ability to quickly identify properties more at risk of flooding at any geo-coded address across Canada,” SCM […]
5 min read
Smart home technology can serve as a prevention tool for homeowners looking to reduce potential damage related to exposure to the elements, with Allstate Canada reporting Thursday a company review of home claims reveals almost one in four are related to wind and hail. The claims data for Canada shows 38% of all home claims […]
Tremendous opportunities exist for insurers around the world to capitalize on the largely untapped cyber insurance market, a move that could help them balance their risk portfolios and maintain a positive outlook, suggests a report released this week by IDC Financial Insights. Looking to combat the risk of cyber threats – catapulted to a top […]
The federal and New Brunswick governments announced Wednesday they will provide nearly $760,000 for storm water infrastructure projects designed to reduce the number of properties at risk of flooding in the Village of Gagetown, N.B. “Project work includes replacing all existing sub-surface storm drains in the community’s downtown and main tourism area, building three larger […]
By Canadian Underwriter | March 16, 2016
2 min read
WASHINGTON, D.C. — Facing an unprecedented daylong shutdown of the Metro subway system serving Washington, D.C. and its suburbs, hundreds of thousands of commuters in United States capital were forced to turn to Plan B on Wednesday. While some took advantage of the federal government’s option for employees to take the day off or work […]
IronPro, the financial and professional lines unit of Ironshore, is introducing a suite of enhanced cyber and technology errors and ommisions (E&O) products customized for the Canadian marketplace. The products will also provide eligible Ironshore Highly Protected Information policyholders with cyber monitoring and alert services (CMAS) during the policy period, notes a statement issued Wednesday […]
More than eight of 10 surveyed financial services firms, including banking and insurance, report believing part of their business is at risk of being lost to standalone FinTech companies, suggests a report released Tuesday by PricewaterhouseCoopers (PwC). Based on a survey of 544 respondents across 46 countries – including CEOs, heads of innovation, chief information […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
