Risk

Chubb expands Signature Suite to personal insurance customers in Canada

Chubb Insurance Company of Canada announced on Tuesday that it has expanded its Signature Suite to personal insurance customers in Canada. Chubb said in a press release on Tuesday that it has launched an array of complimentary services for its high-net-worth and family office customers. Signature Suite is designed to help protect and enhance affluent […]

By Canadian Underwriter | January 31, 2017

2 min read

Risk

MPI posts $3.6 million net loss for first nine months of current fiscal year

Manitoba Public Insurance (MPI) has recorded a net loss for the first nine months of its fiscal year ending Nov. 30, 2016, compared to posting net earnings for the same period one year earlier. MPI saw a net loss of $3.6 million for the first three quarters of its most recent fiscal year, a $14.5 […]

By Canadian Underwriter | January 30, 2017

2 min read

Risk

Drivers can take up to nearly 26 seconds to resume control from autonomous cars: UK study

Drivers can take up almost 26 seconds to resume control from an autonomous vehicle, a new study from a university in United Kingdom has found. University of Southampton engineers Professor Neville Stanton and Alexander Eriksson found that under non-critical conditions, drivers needed between 1.9 and 25.7 seconds to take control from automation, the university said […]

By Canadian Underwriter | January 26, 2017

3 min read

Risk

Gasoline, alcohol sales, food preparation among special risks for supermarkets: Chubb

Chubb Ltd. is advising supermarket operators in the United States who sell alcohol to consider limiting the amount of alcohol a customer can buy and to watch parking lots to ensure customers are not drinking. In a report released Monday, Chubb also suggests that American supermarket operators with vehicle fleets should randomly test their drivers […]

By Canadian Underwriter | January 24, 2017

4 min read

Canada needs new regulations for commercial fishing vessels of all sizes: TSB

If fishing vessel operators conduct regular safety meetings, they can review on-board hazards and remind crew of safety precautions, the Transportation Safety Board of Canada suggested in an investigation report released Thursday. TSB – a separate organization from Transport Canada – released Jan. 19 its report into the investigation of a fatal accident on the […]

4 min read

Manitoba 2017 AgriInsurance coverage expected to exceed $2.6 billion on 9.6 billion acres; second-highest level of coverage on record

AgriInsurance coverage for 2017 is expected to exceed $2.6 billion on 9.6 billion acres in Manitoba, the second-highest level of coverage on record, the governments of Canada and Manitoba said in a statement on Tuesday. AgriInsurance is a federal-provincial producer cost-shared program that stabilizes a producer’s income by minimizing the economic effects of production losses […]

2 min read

Global economy to post best performance in three years, Canadian growth to accelerate over next two years: Scotiabank

The global economy is projected to post its best performance this year since 2014, while growth in Canada in expected to accelerate over the next two years, according to Scotiabank’s Global Outlook, published on Tuesday. While geopolitical risks abound, recent economic data point to strengthening growth prospects in most areas of the world, Scotiabank said […]

3 min read

Two out of three U.S. homeowners insurance customers would switch carriers to get discounts for using smart home devices, study finds

Two out of three homeowners insurance customers in the United States would be willing to change insurance companies to get policy discounts for using smart home devices, according to new research findings released on Tuesday by NTT DATA. “Our study found that there is a large distinct group of homeowners insurance customers – 64% of […]

3 min read

TT Club offers advice on packaging, securing coiled materials in containers

Specialist freight transport insurer TT Club has issued specific guidance on packing and securing coiled materials in containers in a bid to prevent the costly and potentially injurious consequences of improperly secured coils. Investigations into incidents along the international supply chain – on roads, rail, inland waterway or at sea – “can often be attributed […]

3 min read

2016 deadliest year on Manitoba roads in a decade: MPI

Manitoba Public Insurance (MPI) reported on Wednesday that it has recorded the deadliest year on provincial highways in a decade. Based on preliminary data, there were 101 fatal collisions on public roadways in Manitoba in 2016, resulting in the deaths of 112 people, MPI said in a press release. These numbers contrast with 69 collisions […]

2 min read