Risk

Allianz Global Corporate & Specialty announces new specialty chief underwriting officer

Allianz Global Corporate & Specialty SE plans to have Paul O’Neill replace Bill Scaldaferri as chief underwriting officer, specialty. Scaldaferri – appointed chief executive officer for North America for Munich-based AGCS effective July 1 – continued having responsibility for the insurer’s aviation, energy, entertainment and marine lines of business, as well as for Allianz Risk […]

By Canadian Underwriter | July 7, 2016

2 min read

Risk

Ross Betteridge named COO of SCM; Lorri Frederick becomes ClaimsPro president

Lorri Frederick is replacing Ross Betteridge as president of national independent insurance claims adjusting firm ClaimsPro Inc. Frederick was previously executive vice president and chief operating officer of ClaimsPro. Betteridge is now chief operating officer of ClaimPro’s parent company, SCM Insurance Services Inc. Betteridge joined ClaimsPro in 2015. His previous employers include Travelers Canada and […]

By Canadian Underwriter | July 7, 2016

2 min read

Risk

One in two fraud mitigation professionals ‘highly concerned’ with identify theft: LexisNexis

One in three fraud mitigation professionals who were not using either external data or analytics-based products for fraud detection and mitigation cited lack of budget as a reason why, LexisNexis Risk Solutions suggested in a report released Wednesday. LexisNexis Risk Solutions – a unit of RELX Group plc, formerly known as Reed Elsevier – commissioned […]

By Canadian Underwriter | July 6, 2016

3 min read

Risk

Suicide bomber targetting U.S. consulate in Saudi Arabia identified

DUBAI, United Arab Emirates — Saudi Arabia on Tuesday identified the suicide bomber who struck outside the U.S. Consulate in Jiddah as a Pakistani resident of the kingdom who arrived 12 years ago to work as a driver. The suicide bombing near the diplomatic post was the first of three targeting the kingdom on Monday, […]

By Greg Meckbach | July 5, 2016

4 min read

Paris climate agreement presents ‘particular risks’ for shale fuel producers: Willis Towers Watson

An international agreement to limit carbon emissions, regulations requiring some natural resources firms to have cash on hand to decommission facilities and the threat of cyber attack are among the risks cited by senior executives in a Willis Towers Watson survey released Tuesday. Willis Towers Watson announced the release of a report titled Natural Resources […]

4 min read

Alberta’s new insurance policy for TNCs a first for a Canadian province, policy available July 1

A new insurance policy for transportation network companies (TNCs) is available to insurance firms licensed in Alberta as of July 1, in line with the provincial government’s recently announced TNC framework geared at promoting fairness and road safety. The insurance solution for TNCs and their drivers has been approved by Alberta’s Superintendent of Insurance, notes […]

4 min read

Toronto politicians to discuss motion to ask province to order Pickering nuclear plant shutdown in 2018

A proposal to ask the Ontario government to order a shutdown, earlier than scheduled, of a nuclear power plant situated less than 10 kilometres outside the Toronto city limits, is on the agenda for a June 28 meeting of City Council’s executive committee. A motion, that “City Council request the Government of Ontario to direct […]

4 min read

Flood losses expected to dampen French, German insurers’ first-half earnings: A.M. Best

Flood losses in the wake of storms Elvira and Friederike in late May and early June are not expected to result in ratings actions, but it is anticipated they will hit first-half results for French and German insurers, notes a briefing from A.M. Best. The storms – which hit the countries in quick succession from […]

4 min read

Manitoba Public Insurance seeks 2% basic auto rate increase after “unprecedented” claims payouts

Manitoba Public Insurance (MPI) said on Friday that it has asked the Public Utilities Board for a 2% increase to Basic Autopac rates, citing an “unprecedented” year for comprehensive (non-collision) claims payouts. Basic Autopac is an all-perils coverage that insures a vehicle and any permanently attached equipment against accidental loss or damage in Canada or […]

3 min read

Joint safety reviews of fatal auto collisions recommended by Toronto city staff

Toronto politicians are scheduled to debate this Monday a recommendation that the city’s transportation services department host “joint reviews” quarterly, with Toronto city police, of fatal auto collisions, in order to “identify potential causal factors” and measures to reduce the risk and severity of fatal accidents. Toronto’s road safety plan (2017-2021) – a staff report […]

4 min read