Canada News

U.S. Regulators Demand Fix for Failed Oil Pipeline in Michigan

U.S. regulators have told Canada’s Enbridge to detail a safety and repair plan for a failed oil pipeline in Michigan after warning in January the company appeared to be in violation of safety standards because it was not monitoring rust …

MSW Establishes Operations in Arizona

Dallas-based MarketScout Wholesale (MSW) has expanded its operations by establishing a presence in Arizona. Toni Adame-Cavage has joined MSW in Arizona as a senior boker. Prior to joining MSW, Adame-Cavage was a casualty broker with All Risks Ltd. Additionally, Steve …

Report Forecasts Rough Sailing for Canadian Insurers’ Results

Investors hoping for improved results from Canada’s insurers may want to brace for disappointment, with weak stock markets and lower bond yields seen taking take a bite out of quarterly earnings. Analysts said the weaker results expected for the second …

California Farms Take Risks When Going Green

California dairy farmers might soon start converting their cow waste to fuel, but in doing so, they may be taking on more insurance risks — risks that their insurance agents might not be aware of, said James D. Redinger, principal …

Canada Trade Minister Urges Action on Big Doha Issues

WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said he would not point fingers …

People

Insurance Brokers and Agents of the West’s (IBA West) education division, Insurance Skills Center (ISC), entered into an agreement with Cheryl L. Koch, president and CEO of Agency Management Resource Group, to manage ISC education and training programs. In her …

How Should BP Handle Claims by Churches, Nonprofits?

God only knows what will happen to churches and other nonprofit organizations that say they are struggling for survival because of the Gulf oil spill crisis. Months after the Deepwater Horizon rig exploded and its well started gushing oil, the …

IMF Raises 2010 World Wide GDP Forecast; Flags European Risks

The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area’s debt crisis posed a big risk to recovery. The IMF said the euro …

Report IDs Pacific Northwest as ‘Mega-Earthquake’ Hotspot

The Pacific Northwest is one of five regions in the world most likely to see a mega-earthquake, according to a new report. “When The Earth Moves: Mega-Earthquakes To Come?” published by Aon Benfield in conjunction with the Aon Benfield UCL …

Best Affirms Ratings of Markel’s Lloyd’s Syndicate 3000

A.M. Best Co. has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating of “a+” of Lloyd’s Syndicate 3000, both with stable outlooks. The ratings reflect the financial strength of the Lloyd’s market, which underpins the …