Risk

Equifax to update Canadians this week, still mum on number impacted by hack

TORONTO – Equifax Canada said Monday it plans to provide an update this week on the impact of its massive data breach it, but would not say how many individuals north of the border may have had their personal information compromised. The credit data company told The Canadian Press that it is working with Canada’s […]

By Jason Contant | September 18, 2017

2 min read

Irma losses in U.S. and Caribbean could reach $50 billion while Jose could cause ‘minor to moderate coastal flooding’ in New England

As the United States National Weather Service warns of the possibility of more than 125 mm of rain over two days in southern Rhode Island and southeast Massachusetts, Munich Re is suggesting two recent North Atlantic hurricanes might cause it to post a third-quarter loss and The Travelers Companies Inc. suggests its after-tax losses from […]

By Canadian Underwriter | September 18, 2017

4 min read

Global marine underwriting premiums continue to fall: International Union of Marine Insurance

Global marine underwriting premiums for 2016 fell to US$27.5, a 9% reduction from 2015, the International Union of Marine Insurance (IUMI) reported on Monday. The association presented its annual statistical report on the marine insurance market at the IUMI 2017 Tokyo conference, being held from Sunday until Wednesday. “The 2016 number follows a continuing downward […]

By Canadian Underwriter | September 18, 2017

5 min read

Ontario to introduce zero tolerance legislation for drug-impaired driving

The province of Ontario announced on Monday morning that it will introduce legislation this fall that will include zero tolerance for drug-impaired driving for several classes of motorists. Premier Kathleen Wynne and Minister of Transportation Steven Del Duca announced the plans in Toronto for legislation this fall that would “increase the consequences and costs for […]

By Canadian Underwriter | September 18, 2017

3 min read