Burns & Wilcox Canada Participates in Canadian Transportation Agency Review of Railway Insurance Regulations

Toronto, ON [January 29, 2014] Burns & Wilcox Canada recently responded to the Canadian Transportation Agency’s request for input on  its review of third party liability insurance coverage regulations.  

 Interested parties were asked to provide expert comment on possible improvements to the current regulatory framework, as prescribed in the Railway Third Party Liability Insurance Coverage Regulations as they relate to the transportation of commodities and passengers on railways.

“Recent accidents in Canada and the U.S. highlight the need to ensure that railway companies are carrying enough insurance to offset the risk inherent in their operation,” said Gary Hirst, National Director, Burns & Wilcox Canada. “As a leading Managing General Agent and trusted partner to insurance brokers throughout Canada, we appreciate the opportunity to contribute our expertise to an issue of significant concern to the insurance industry.”

 In responding to the key issues outlined by the CTA, Burns & Wilcox Canada called on underwriters in its Transportation and Environmental Centres of Excellence. Burns & Wilcox Canada’s experts in environmental, transportation and commercial liability provided detailed commentary on a range of topics such as minimum liability coverage, financial disclosure requirements, and techniques to adequately assess a company’s financial health. 

Brokers are invited to speak directly with the Burns & Wilcox Canada professionals that contributed to the submission:

For the full submission please click here.

About Burns & Wilcox Canada

Burns & Wilcox Canada is a leading wholesale broker and underwriting manager for the retail brokerage community. Burns & Wilcox Canada leverages both Canadian domestic insurers as well as international carriers, including Lloyd’s underwriters. With access to a broad range of specialty products including commercial lines, professional liability and personal insurance, the company offers unrivaled service and access to an international network, giving brokers a competitive edge for facilitating trans-border business for Canadian clients. With offices in Toronto, Ottawa, Calgary and St. John’s, Burns & Wilcox Canada is part of the Kaufman Financial Group.

More information can be found at http://www.burnsandwilcox.ca

About Burns & Wilcox and the Kaufman Financial Group

Burns & Wilcox is the industry’s largest privately-held wholesale broker and underwriting manager. Burns & Wilcox has more than 50 offices across the United States, Canada and London and employs more than 1,000 professionals. Founded in 1969 and headquartered in Metro Detroit, Burns & Wilcox is internationally recognized for its insurance brokerage and underwriting expertise in commercial and professional liability, property, marine and personal insurance.