Hurricane Milton is a Category 5. Florida orders evacuations and scrambles to clear Helene’s debris

BELLEAIR BEACH, Fla. (AP) — Milton strengthened rapidly Monday into a Category 5 hurricane on a path toward Florida, threatening the densely populated Tampa area with a potential direct hit and menacing the same stretch of coastline that was battered…The post Hurricane Milton is a Category 5. Florida orders evacuations and scrambles to clear Helene’s debris appeared first on Canadian Underwriter.

Top court to review landmark case regarding “time on risk”

Canada’s top court has agreed to review a recent ruling that multiple insurers who are on the hook consecutively for long-tail claims spanning decades only have a duty to pay legal defence costs for the proportion of time their insurance…The post Top court to review landmark case regarding “time on risk” appeared first on Canadian Underwriter.

What might impact Canadian P&C insurers’ ROE?

Canada’s property and casualty (P&C) insurance industry posted a 16.1% return on equity (ROE) in 2023, stronger than the 14.4% three-year average, says Aon’s fall 2024 insurance market update for Canada. “Remediations to portfolios in recent years have resulted in…The post What might impact Canadian P&C insurers’ ROE? appeared first on Canadian Underwriter.

BMS Vendors Successfully Program CSIO’s Updated eDocs Codes and Descriptions

TORONTO, ON, OCTOBER 7, 2024/insPRESS/ – CSIO is pleased to announce that all member Broker Management System (BMS) vendors – Acturis Limited, Applied Systems Canada, Logiciels Deltek Inc., Rival Insurance Technology and Vertafore Canada – have deployed the updated eDocs…The post BMS Vendors Successfully Program CSIO’s Updated eDocs Codes and Descriptions appeared first on Canadian Underwriter.