Daily News

U.S. P&C industry sees $2.9 billion profit in first nine months, despite higher cat losses

Underwriting performance in the U.S. property and casualty industry in the first nine months of this year still lagged behind 2013, but remained favorable, rating agency A.M. Best said Thursday.
Dec 18, 2014 3:43PM

Q&A: Drones can peer inside big Midwest storms, might help explain how tornadoes form

DENVER - Researchers say they have collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. Now, they want to expand the project in hopes of learning more about how tornadoes form.
Dec 18, 2014 3:08PM

New Brunswick government introducing moratorium on hydraulic fracturing

FREDERICTON - The New Brunswick government is introducing a moratorium on hydraulic fracturing that the premier says won't be lifted until five conditions are met.
Dec 18, 2014 2:32PM

Remote sensing, cognitive computing useful tools for insurers, report suggests

Insurance carriers need to change the tools they use to manage risk, and insurance professionals can help clients manage risk by using cognitive computing, Aite Group LLC suggested in a recent research note.
Dec 18, 2014 1:43PM

Sony faces losses on multiple fronts from unprecedented cyberattack linked to North Korea

NEW YORK - The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business.
Dec 18, 2014 10:48AM

Allianz to sell Fireman's Fund personal insurance business to ACE

Allianz Group plans to sell the Fireman’s Fund Insurance Company’s (FFIC) personal lines insurance business in the United States, which is focused on high net worth customers, to ACE Limited for US$365 million by means of renewal...
Dec 18, 2014 10:00AM

Ontario court ruling helps clarify municipalities' legal obligations to motorists: lawyer

A recent Court of Appeal for Ontario ruling will be "very well received by municipalities" concerned about legal liability for keeping roads and bridges in a reasonable state of repair, a municipal liability and auto insurance expert with...
Dec 17, 2014 4:12PM

Report says 'unprecedented' flood at root of Calgary bridge failure

CALGARY - The Transportation Safety Board says unprecedented flood water was to blame for a derailment and partial bridge collapse in Calgary last year.
Dec 17, 2014 2:35PM

U.S. insurance, risk management industry disappointed at failure to pass TRIA

Property and casualty insurance industry groups in the United States are expressing disappointment and frustration at the Senate’s non-passage of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA).
Dec 17, 2014 1:16PM

TSB to release report into 2013 CP Rail derailment, bridge failure during flood

CALGARY - The Transportation Safety Board of Canada is to release its report today about a bridge failure and freight train derailment in Calgary during a devastating flood.
Dec 17, 2014 12:16PM

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