News

Lloyds To Release New Coastal Flooding Report

Lloyd’s and Risk Management Solutions will release a new report Sept. 9 on coastal flooding implications in conjunction with the Reinsurance …

Gustav Damages Manageable But Insurers Show Restraint

This year’s anticipated tumultuous storm season so far has damages by Hurricane Gustav expected to cause significant claims but far less than the …

Insurers Ponder Coverage Of Olympic Gold Medals

Atheletes returning from Beijing with medals might want to ensure their Olympic keepsakes. Worldwide, 302 athletes won medals in Beijing, 18 of those …

La Capitale Acquires York Fire & Casualty Insurance Co.

Kingsway Financial Services Inc. is selling York Fire & Casualty Insurance Co. to La Capitale General Insurance Inc., a member company …

Aon’s Acquisition Of Benfield Casts Huge Global Net

Global insurance broker Aon Corporation is acquiring reinsurance broker Benfield Group Ltd. in a cash offer worth Cdn $1.6 billion.

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

Fundraising through the Lew Dunn Memorial Foundation has topped $1.7 million to date in support of colon cancer research following the …

Relatives of Auto Fatalities Call for Change to Ontario’s Auto Policy Deductible

Relatives of victims killed in automobile crashes are calling on the province to stop enabling insurance companies to keep deductible portions of monies paid on …

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 …

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