Risk

ACE announces future leadership team for Canada

ACE Limited announced on Thursday the leadership team it intends to appoint for the company’s Canadian operations, which will take effect upon completion of the acquisition of Chubb – expected in the first quarter of 2016. The company’s Canadian operations will offer a broad range of property, casualty, high net worth personal lines and accident […]

By Canadian Underwriter | December 4, 2015

3 min read

Risk

Ontario government has ‘no plan or fund in place’ to clean up 288 polluted sites: Auditor General

The Ontario government has an estimated liability of nearly $1.8 billion for cleaning up sites affected by hazardous waste or pollution, but there is no plan or fund in place for cleaning up those contaminated sites, Auditor General Bonnie Lysyk stated in her 2015 Annual Report released Wednesday. The public should also have access to […]

By Canadian Underwriter | December 3, 2015

4 min read

Risk

Most polled Canadian organizations unprepared for cyber attack: Deloitte Canada

Just one in five Canadian companies taking part in a recent Deloitte Canada survey report being prepared to effectively respond to a cyber attack. The survey – results of which are detailed in Navigating a harsh cyber security landscape – involves input from information technology leaders from 100-plus Canadian businesses representing all major sectors of […]

By Canadian Underwriter | December 3, 2015

3 min read

Risk

U.S. insurers will need to focus on innovation to remain successful: EY

2016 will likely be one of continued disruptive change in the property and casualty insurance market in the United States, and insurers will need to focus on innovation in all areas of the business to remain successful, suggests a new survey from Ernst & Young, an assurance, tax, transaction and advisory services firm. The 2016 […]

By Canadian Underwriter | December 2, 2015

5 min read

Positive underwriting gains expected in 2016 for U.S. commercial lines insurance: Wells Fargo

Despite rate reductions and low investment returns, commercial lines insurance in the United States is on track for positive underwriting gains in 2016, according to Wells Fargo Insurance’s annual 2016 Market Outlook, released on Wednesday. Favourable losses across most insurance lines and lack of multiple catastrophic property losses are driving this trend, Wells Fargo said […]

2 min read

The Driver’s Seat

Conditions are changing at breakneck speed for Canada's property and casualty insurance industry. With 2016 providing little promise things will slow down - allowing slow-adopters to catch up - primary insurers need to keep pace or be left in the dust. All that demands plotting the best route forward, knowing when to rev up or slow down, to reach the final destination.

November 30, 2015

20 min read

Back to Business

Protecting property can equate to protecting one's business. But to make that objective a reality, a comprehensive and well-conceived business continuity plan should be in place. Planning for the worst-case scenario can help a business minimize business interruption.

November 30, 2015

6 min read

Staying Dry

Residential flood coverage is now available from three personal lines insurers in Canada. While a step forward for a peril that until just recently was deemed to be uninsurable, gaps do remain, with Insurance Bureau of Canada noting the offerings likely will not deal with all high-risk properties.

November 30, 2015

7 min read

All the Rage

Cyber is all the rage these days. It is also potentially all the harm, all the mischief and all the incalculable loss. This is disconcerting, to be sure, given that cyber is a threat everyone is concerned about and most agree – a coming together that has been slower than advisable – must be addressed. […]

November 30, 2015

3 min read