News

Many Business Owners Near Toronto Propane Blast Lacked Insurance

The process of assessing damages and tallying claims is underway as most residents near the site of Toronto’s recent propane explosion settle back in to …

Software Upgrade Saves Risk Managers Time

Boston-based AIR Worldwide Corp., the developer of widely-used risk modeling systems, has released updates to three of its programs.
Its latest version 10.0 includes a number …

Search Begins For Liability in Toronto Blast

The clean-up has begun at the site of Toronto’s massive propane explosion although a search for the parties that will be held liable …

Alberta Decides On Modest Auto Premium Hike

Alberta has settled on a rate increase for its mandatory automobile insurance.

Bad Weather Pulls ING Canada’s Earnings Down

ING Canada Inc., the country’s largest p&c insurance provider,  has reported a decline in its second-quarter profit. In a statement, the …

Insurers Wary Of ‘Green’ Building Policies

As the green movement gains popularity amongst consumers, insurers have yet to embrace it. It’s a new concept that has yet to …

Small Broker Survival Will Be Tested

Mergers and acquisitions within the brokerage sector constitute a trend that is prompting some industry watchers to forecast the near extinction …

Volatile Markets Require Diligent Risk Mitigation

Elaborating on its prognosis for insurers and reinsurers earlier this year, Guy Carpenter & Company LLC affirms they’ll have to keep close tabs on risk …

New Background Checks Target Managers, Directors

Some insurers will be facing a new compliance regimen as a result of revised federal requirements. Earlier this year, the Office of the …

Canada’s P&C Underwriting Loss A First Since 2002

Canada’s property and casualty insurance sector took an underwriting loss during the first fiscal quarter of 2008.
It’s the first loss for …

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