Risk

SGI implements new fee and safety incentive for new motorcyclists

Saskatchewan Government Insurance (SGI) is implementing the next phase of its Motorcycle Graduated Driver Licensing (MGDL) program changes in an effort to improve safety for new motorcyclists, the province’s self-sustaining auto insurance fund announced on Wednesday. The MGDL program exposes new motorcycle riders to increasing levels of risk as they gain riding experience, SGI explained […]

By Canadian Underwriter | June 15, 2016

2 min read

Risk

Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta

Ironshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who will be based in New York and serve as senior vice president, head of Mergers […]

By Canadian Underwriter | June 14, 2016

2 min read

Risk

Energi of Canada launches p&c programs for energy in parts of Western, Atlantic Canada

Companies in parts of Western and Atlantic Canada that exhibit a commitment to loss prevention and implementing best practices will have access to new property and casualty programs for energy business from Energi of Canada Ltd. Already available in Ontario, the energy programs are now being offered in Alberta, British Columbia, Nova Scotia, New Brunswick […]

By Canadian Underwriter | June 13, 2016

2 min read

Risk

Ontario sports concussion bill passed into law

The Ontario government is required to appoint a committee to review recommendations, on preventing head injury in sports, now that the Rowan’s Law Advisory Committee Act has been passed into law. Rowan Stringer, 17, died May 12, 2013 in an Ottawa hospital of malignant cerebral edema due to second impact syndrome. She had suffered traumatic […]

By Canadian Underwriter | June 13, 2016

4 min read

Soft market conditions remain largest concern for global reinsurers: survey

Soft market conditions continue to be the biggest concern for the global reinsurance industry, according to Xuber’s Global Reinsurance Survey 2016, released on Friday. The second annual survey from Xuber, the commercial insurance software business of Xchanging, a CSC Company, revealed that 33% of respondents named soft market conditions as the biggest challenge, with 74% […]

2 min read

Some rogue fishing vessels able to get insurance, research from University of British Columbia finds

Rogue fishing vessels, including those flagged by international watchdogs for unlawful activity, have been able to secure insurance, according to new research from the University of British Columbia (UBC). The study, titled Cutting a lifeline to maritime crime: marine insurance and IUU fishing and published Monday in the journal Frontiers in Ecology and the Environment, […]

3 min read

Ironshore International releases political risk coverage for film producers

Ironshore International has announced the availability of a political risk product to address the risk exposure of film production companies shooting in at-risk locations worldwide. The Political Risk film production specialty insurance product will be offered within the company’s War and Terrorism platform to “provide film producers with comprehensive coverage of loss related to confiscation […]

1 min read

Ontario Retirement Pension Plan bill passes third reading

A bill that will make it mandatory for some Ontario employers and workers to contribute towards a public pension plan passed third reading Thursday. Bill 186, Ontario Retirement Pension Plan Act (Strengthening Retirement Security for Ontarians) – was originally tabled April 14 by Mitzie Hunter, the province’s Liberal associate minister of finance. The only remaining […]

6 min read

7 automakers add 4.4M vehicles to Takata recall

DETROIT – Seven automakers are adding nearly 4.4 million vehicles in the U.S. to the massive Takata air bag inflator recall. Documents detailing recalls by General Motors, Volkswagen, Ford, Daimler Vans, BMW, Jaguar-Land Rover and Mercedes-Benz were posted Thursday by the government. Recalls from eight other companies were posted last Friday. Of the recalls announced […]

3 min read

Bill clarifying when Ontario trail users willingly assume all risks passes third reading

A bill that would “clarify the standard of care” owed to users of trails in Ontario passed third reading Wednesday, paving the way for the legislation to receive royal assent. Bill 100, the Supporting Ontario’s Trails Act, was the subject of debate Tuesday at Queen’s Park in Toronto. In addition to enacting the Ontario Trails […]

3 min read