Daily News

Almost two-thirds of C-suite executives report daily or weekly cyberattacks: Accenture

Nearly two-thirds (63%) of C-suite executives report that their companies experience “significant” cyberattacks daily or weekly, but only 25% of them say their organization always incorporate measures in the design of their...
Jul 31, 2015 4:03PM

Risk solutions revenue down 6% at Aon

Commercial insurance brokerage Aon plc released Friday its financial results for the three months ending June 30, reporting a 6% drop, year-over-year, in Q2 revenue from risk solutions and a 41% drop in net income.
Jul 31, 2015 3:29PM

Saskatchewan Government Insurance to focus on commercial drivers in August

Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, said on Friday that traffic enforcement in August will focus on commercial drivers.
Jul 31, 2015 2:46PM

Federal, Manitoba governments announce funding to help protect against effects of chronic flooding

The federal and Manitoba governments have announced joint funding to build the Lake Manitoba and Lake St. Martin outlet channels, which will help protect residents and communities in the Lake Manitoba basin from the impacts of chronic flooding.
Jul 31, 2015 1:25PM

B.C. making "significant" progress on containing two long-burning wildfires

British Columbia’s Ministry of Forests, Lands and Natural Resource Operations is reporting that “significant progress” has been made on containing two wildfires in the province that have been burning for more than a month.
Jul 31, 2015 11:48AM

The Co-operators reports 4% increase in Auto line, from $264.5 million in Q2 2014 to $275 million for the second quarter of 2015

Guelph, Ont.-based Co-operators General Insurance Company has reported that its Auto line of business remained the largest contributor to its net earned premium (NEP), increasing about $10.5 million in the second quarter of 2015, from $264.5...
Jul 31, 2015 10:55AM

Public, private cyber catastrophe reinsurance scheme would add clarity to U.K.'s cyber insurance market, encourage take-up: report

Risk management and shared learning must be rapidly grown and deployed, in essence, by forming a public/private catastrophe reinsurance scheme to address the growing cyber threat, suggests a new report out of the United Kingdom.
Jul 31, 2015 10:03AM

General insurance premiums up 2.6% for Industrial Alliance

Industrial Alliance Insurance and Financial Services Inc. of Quebec City released Thursday its financial results for the second quarter, reporting a 2.6% increase, year-to-year, in premiums from general insurance and a 21% increase in net...
Jul 30, 2015 4:12PM

Arch Capital Group reports drop in net income for Q2 2015

Arch Capital Group Ltd. has reported a net income of US$110.3 million for the second quarter of 2015 (ending June 30), compared to US$202.5 million for Q2 2014 and a combined underwriting ratio of 87.9%, compared to 86.2% for the same quarter...
Jul 30, 2015 3:49PM

June storm in Ontario tops $30 million in insured damage: IBC

The Insurance Bureau of Canada (IBC) reported earlier this week that the insured damage caused by the heavy rains and strong winds that swept southern Ontario on June 22 is estimated at more than $30 million.
Jul 30, 2015 2:28PM

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