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Your Source For Daily Insurance News & AnalysisSun Life Financial named one of the 2016 Global 100 Most Sustainable Corporations
TORONTO, Jan. 21, 2016 /CNW/ - For the seventh consecutive year, Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") has been named among the Global 100 Most Sustainable Corporations in the World (the "Global 100"). Sun Life is one of nine Canadian companies...
Zurich Insurance Faces $275 Million in Storm Claims Costs
Costs will push the insurer’s general insurance unit to a fourth quarter operating loss By | JOHN LETZING ZURICH— Zurich Insurance Group AG, an insurance giant that remains without a permanent chief executive, saw its shares fall sharply on Wednesday after it said...
RBC selling home-auto insurance unit to Aviva for $582 million
TORONTO – Royal Bank of Canada is selling RBC General Insurance and moving some of its employees to Aviva Canada. The bank will receive about $582 million from the sale of the home and auto insurance business and RBC estimates it will realize a $200-million after-tax...
Five ways low oil prices and the falling loonie can affect the federal books
By Andy Blatchford THE CANADIAN PRESS OTTAWA _ Five ways tumbling oil prices and the sliding loonie can affect the federal government's bottom line: 1. The biggest impact from falling oil prices is the fact they chew into Canada's nominal gross domestic product (the...
Ontario Court Confirms Contractor’s Duty To Defend A Municipality In Personal Injury Claims
Article by George R. Wray | Borden Ladner Gervais LLP The Ontario Court of Appeal closed out 2015 with its decision in Carneiro et al and Regional Municipality of Durham et al and Zurich Insurance Company Ltd., providing important analysis of a winter maintenance...
ICBC’s Hall of Shame: The Top 6 Fraud Files of 2015
Learn about 2015's top fraud offenders and how insurance fraud is costing all BC drivers: A man who torches his vehicle then claims it was stolen, a woman embellishing the extent of her injuries to collect two paycheques, and a man crying wolf to get out of doing the...
GM’s Dysfunctional Risk Management Comes Home to Roost in Court
Hersh Shefrin | Huffington Post Business Monday, January 11 marked the beginning of a 'bellwether' trial for General Motors (GM) that will provide a template for future litigation stemming from a faulty ignition switch. Between 2004 and 2013, at least twelve people...
Worst passwords of 2015: Did yours make the list?
Source: Nicole Bogart | Global news Do you have a safe password, or are your accounts open season for hackers? The list of 2015’s worst passwords will help you to find out. Year in and year out web users are reminded of the danger of using poor passwords for their...
Ottawa should take out economic insurance – by running a bigger deficit
TONY KELLER | The Globe and Mail One year ago, Bank of Canada governor Stephen Poloz decided, as he put it, “to take out some insurance.” He surprised markets by cutting the bank’s benchmark interest rate. That move, followed by another quarter-point cut a few months...
Commercial drones capture the attention of insurance industry
Companies across Canada are turning to drones to monitor crops, snap pictures for real estate listings and map the oil sands – and insurers are swooping in to cover the risk of hard landings and injuries.
