July 23, 2014Daily News
Toronto-area rehab clinic convicted of fraud, fined $200,000 plus restitution
A Toronto-area rehabilitation clinic has been convicted of several auto insurance fraud-related offences and has been fined $200,000.
Jul 23, 2014 1:11PM
ACE's operating income in 2014 Q2 up 4.5% over 2013 Q2
Strong current accident year underwriting income excluding catastrophe losses drove an increase in property and casualty underwriting income in 2014 Q2, contributing to ACE Limited’s 4.5% increase in operating income over the same quarter...
Jul 23, 2014 12:31PM
Typhoon that injured 5 in Taiwan downgraded to tropical storm after landing in China
BEIJING - Typhoon Matmo churned ashore in southeastern China on Wednesday and was downgraded to a tropical storm, while the death toll from last week's more powerful Typhoon Rammasun rose further.
Jul 23, 2014 10:36AM
'Calm continues' as catastrophe losses decline in Canada, U.S. during first half of year
Catastrophe losses in Canada during the first half of this year fell 98% over last year, with only two catastrophe events designated so far, Property Claims Services reported Wednesday.
Jul 23, 2014 9:24AM
Second quarter net income down at Travelers after higher cat losses
The Travelers Companies, Inc. has reported a net income of $683 million for the second quarter of the year, down from $925 million in the same quarter last year because of higher catastrophe losses.
Jul 22, 2014 3:03PM
Proper use of technology could save 15% of loss costs and loss adjustment expense
More News from Canadian Underwriter
The insurance industry is poised to see high performance claims transformation if it takes steps to turn routinely overlooked data into actionable information and knowledge, suggests a report published last week by Aite Group.
Jul 22, 2014 1:54PM