Daily News

Rate reduction target for Ontario auto may 'negatively impact' underwriting profitability: OSFI

The Office of the Superintendent of Financial Institutions (OSFI) has released its annual report for 2013-14, noting that the target in Ontario to reduce auto insurance premiums by 15% could have a negative impact on profitability.
Oct 1, 2014 4:43PM


North American insurers increasingly hiring for advanced analytics and data science degrees

Employees with advanced degrees in analytics and data science are increasingly attractive to property and casualty insurers in North America, according to a new study from Strategy Meets Action.
Oct 1, 2014 4:37PM


Quiet third quarter for cat bond issuance, but 2014 could be 'record-setting'

No property and casualty catastrophe bond issuance activity occurred in the third quarter this year, but 2014 could still potentially be “record-setting,” according to a new report from Property Claim Services.
Oct 1, 2014 3:03PM


Small firms may be 'incapable of detecting' cyber security incidents: report

The cost of managing and mitigating information technology security breaches is increasing with the average financial losses for large firms participating in a survey at $5.9 million in 2014, PriceWaterhouseCoopers LLP suggested in a report...
Oct 1, 2014 2:17PM


Cornerstone Insurance Brokers purchases Ontario brokerage Hartwell Thayer

Ontario brokerage Cornerstone Insurance Brokers Ltd. has announced the purchase of Hartwell Thayer Insurance and Financial Services Limited.
Oct 1, 2014 1:18PM


The cost of not controlling Ebola in Africa? Cases elsewhere, experts warn

TORONTO - The revelation that a man with Ebola was diagnosed in a Texas hospital could be seen as the first case of the dreaded disease discovered in North America.
Oct 1, 2014 10:51AM


Allianz Global Assistance Canada, TIC merge travel insurance businesses

Allianz Global Assistance Canada and TIC Travel Insurance Coordinators, with its subsidiary SelectCare Worldwide, have merged their travel insurance businesses in Canada, the firms announced Tuesday.
Sep 30, 2014 4:51PM


Jones DesLauriers, Lloyd Sadd partner on new Canadian brokerage network

Two independent insurance brokerages in Canada have joined together to create Navacord Inc., a new national brokerage network.
Sep 30, 2014 3:42PM


Canadians often use phones behind the wheel when stuck in traffic, at red lights

Traffic delays and being stopped at a red light are common times Canadian drivers use their cell phones while behind the wheel, according to a new survey on distracted driving, conducted by Leger for Allstate Canada.
Sep 30, 2014 2:04PM


U.S. oil, rail industries want seven years to retrofit cars that transport highly volatile crude oil

WASHINGTON - A top oil industry official says the oil and railroad industries are urging federal regulators to allow them as long as seven years to retrofit existing tank cars that transport highly volatile crude oil.
Sep 30, 2014 1:24PM


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