Canada News

MJ Insurance Adds Brodie, Moore

Indianapolis, Ind.-based independent agency MJ Insurance announced it has added Tamra Brodie as marketing underwriter in the Employee Benefits Division and BJ Moore as a property and casualty producer in the Construction Practice Group. Brodie has more than 15 years …

Lloyd’s CEO Opens Toronto Office

Richard Ward hosted a cocktail reception to celebrate the opening of Lloyd’s new office in Toronto on Tuesday November 30. Lloyd’s noted that it has been a “leading provider of commercial insurance in the Canadian market for many years and …

Ireland, EU Conclude $113 Billion Bailout

Negotiators for the Irish government and the European Union put the finishing touches on an €85 billion [$113 billion] bailout for the beleaguered country over the weekend. The agreement follows Ireland’s somewhat reluctant acceptance that the situation with its banks …

Canada Revenue Agency Confirms Barbados Insurers Exempt Status

The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of the 1980 Barbados-Canada Double Taxation Agreement and can generate exempt earnings …

CNA Canada Updates Global Master Policy

CNA Canada has improved and updated Oneworld Global Master Policy. This worldwide policy provides coverage for Canadian-based business leaders who operate domestically or internationally. Oneworld offers broadened property coverage, enhanced casualty wordings/endorsements and industry-specific casualty endorsements, upgraded Inland Marine coverage …

Melting Siberian Permafrost Raises Tricky Climate Issue

The Russian scientist shuffles across the frozen lake, scuffing aside ankle-deep snow until he finds a cluster of bubbles trapped under the ice. With a cigarette lighter in one hand and a knife in the other, he lances the ice …

Best Affirms Assurant and Subsidiaries Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property/casualty and life/health insurance subsidiaries of Assurant, Inc. Best also affirmed the ICR of “bbb” and debt ratings of Assurant. The outlook for …

Feds Urges All States to Require Motorcycle Helmets

Federal safety officials are calling on states to require all motorcycle riders to wear helmets, citing a surge in fatalities since the late 1990s. Motorcycle deaths have increased over the last decade even as other traffic fatalities have declined, the …

U.S. Auto Fatalities Down But Safety Efforts Lag

The United States is lagging behind nearly every other high-income country in reducing annual traffic fatalities, said a report released this week by a U.S. government research panel. There’s some good news: U.S. traffic fatalities fell 9.7 percent in 2009 …

Countries Finalize Anti-counterfeit Trade Pact Text

Negotiators from nearly 40 countries have finalized the text of an international agreement to help fight the growing trade in fake and pirated goods, the European Commission and the United States said on Monday. The negotiators settled a handful of …