Commercial
Nine years after a hot air balloon accident near Winnipeg, the Transportation Safety Board of Canada suggested Monday it “continues to be concerned” that operators are not regulated in the same manner as operators of other commercial aircraft. “Hot air balloons are considered aircraft under the Aeronautics Act,” TSB stated in a release. “However, while […]
By Canadian Underwriter | August 10, 2016
4 min read
AIG Insurance Company of Canada (AIG Canada) has announced the launch of Smart Build, a risk management and mitigation service for residential construction projects with budgets of $5 million or more. Calling it the first-of-its-kind program in Canada, the Canadian-based subsidiary of AIG said that the program is available to AIG Private Client Group clients […]
2 min read
VANCOUVER – A student residence under construction at the University of British Columbia could set a new precedent for wooden towers in Canada. The 18-storey Brock Commons is intended to show developers and the public that wood can be as effective as steel or concrete, better for the environment and support the country’s forestry industry. […]
By Jason Contant | June 17, 2016
Toronto-based RRJ Insurance Group Ltd. has announced the purchase of Peterborough, Ont.-based Topping Insurance Brokers Ltd. The RRJ Insurance Group said in a press release issued on Thursday that the purchase was effective May 2. The office is located at 169 Aylmer Street North in Peterborough, and will operate under Topping Insurance Brokers, A Division […]
By Canadian Underwriter | May 12, 2016
1 min read
Private transportation companies (PTCs) in Toronto would be required to carry a minimum of $2 million of collision and passenger hazard insurance, in addition to $5 million of commercial general liability insurance under proposed recommendations from Toronto City Council. Currently, only taxicabs and limousines in the city are required to carry a minimum of $2 […]
By Canadian Underwriter | April 7, 2016
WASHINGTON – Seven hackers tied to the Iranian government were charged Thursday in a series of punishing cyberattacks on a small dam outside New York City and on dozens of banks – intrusions that reached into American infrastructure and disrupted the financial system, U.S. law enforcement officials said. The hackers were charged in indictments unsealed […]
By Canadian Underwriter | March 24, 2016
LOS ANGELES – A drone came within 200 feet of hitting a Lufthansa jet near Los Angeles International Airport on Friday – the latest run-in between aircraft and the increasingly popular unmanned flyers. The pilot of a Lufthansa A380 approaching the airport on a flight from Frankfurt, Germany, reported that a drone passed about overhead […]
By Canadian Underwriter | March 22, 2016
A new report released on Friday has found 327 “close encounters” between drones and manned aircraft in the United States during a period of less than two years. The report by The Center for the Study of the Drone at Bard College, released on Friday, explored 921 incidents in the national airspace from December 2013 […]
By Canadian Underwriter | December 11, 2015
3 min read
Manitoba’s Public Utilities Board (PUB) has approved a 0% overall general rate increase for basic compulsory motor vehicle premiums, effective March 1, 2016. In a news release on Tuesday, the PUB noted that a 0% overall general rate increase does not mean that rates for all motorists within each major class will remain unchanged. A […]
By Canadian Underwriter | December 2, 2015
L’Unique General Insurance of Quebec City has obtained certification, for both commercial and personal lines, of the Centre for Study of Insurance Operations eDocs standard, CSIO announced Tuesday. With eDocs, CSIO aims to help brokers save time by allowing them to download policy documents directly from a carrier’s computer system to their broker management systems […]
By Canadian Underwriter | November 24, 2015
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