Claims

Bermuda insurers, (re)insurers likely to bear the brunt of recent Gulf storms

Bermuda insurers and (re)insurers could be bearing the brunt nearly half of the costs associated with recent storms, including Hurricane Ike, according to preliminary estimates, A.M. Best reports. “According to the Association of Bermuda Insurers and Reinsurers, Bermuda insurers provide an estimated 66% of the reinsurance purchased by the Texas Windstorm Insurance Association, which insures […]

By Canadian Underwriter | September 30, 2008

2 min read

Severe rainfall brings flood of homeowner claims to Atlantic Provinces

Post-tropical storm Hanna soaked the Atlantic provinces on Sept. 7, leaving more than 100 mm of rain in some parts of the area. Counties along the Fundy Coast of New Brunswick and Newfoundland were the hardest hit, as embedded rain bands brought intense rainfalls of 25 to 30 mm in an hour, Environment Canada reports. […]

September 30, 2008

1 min read

Enhancing automobile insurance system in N. S.

The duties of the Nova Scotia Insurance Review Board (IRB) will be reassigned to the Utility and Review Board (UARB) effective Oct. 1, 2008. The Nova Scotia Department of Finance says it believes assigning IRB responsibilities to the UARB will result in the most effective means of delivering this important regulatory function to the benefit […]

September 30, 2008

1 min read

Crawford & Company reports increased net income for Q2

Crawford & Company reported a net income of US$7.9 million for 2008 Q2, up US$1.8 million from the same quarter in 2007. Consolidated revenues totalled US$263.3 million in 2008 Q2, up from US$240.5 million in 2007 Q2, the company reported. Revenues for the international operations segment grew 27.9 per cent, from US$88.7 million in 2007 […]

September 30, 2008

1 min read