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McDonald's recalls lollipop whistles over choking concerns

Published November 11, 2014 - 9:25am CST

(Reuters) — Fast food chain McDonald's Corp. is recalling about 2.5 million lollipop whistles because young children can choke on the parts, the Consumer Product Safety Commission said on Monday.

Canada tightens train handbrake rules, will impose 'audit blitz'

Published October 29, 2014 - 11:10am CST

(Reuters) — Canada will require railways to secure unattended trains with a minimum number of handbrakes and other physical defenses to prevent runaways, Canada’s transport ministry said on Wednesday in its latest response to last year’s deadly crash in Quebec.

Ford recalls 204,448 Ford and Lincoln crossovers for fire hazard

Published October 29, 2014 - 11:00am CST

(Reuters) — Ford Motor Co. said it will conduct a regional recall of 204,448 Ford Edge and Lincoln MKX crossover vehicles to correct an issue that could cause a fire.

Allied World profit drops; business segments to be reorganized

By: Mark A. Hofmann

Published October 23, 2014 - 11:49am CST

Third-quarter net income at Allied World Assurance Co. Holdings A.G. fell 74.8% from the prior-year period to $30.9 million as the Zug, Switzerland-based underwriter contended with increased catastrophe losses.

Chrysler recalls more than 900,000 vehicles globally in two actions

Published October 16, 2014 - 9:04am CST

(Reuters) — Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires.

Private equity firm acquires York Risk Services for $1.325B

By: Sheena Harrison

Published October 13, 2014 - 12:18pm CST

Toronto-based private equity firm Onex Corp. has closed on a deal to acquire third-party administrator York Risk Services Group Inc. for $1.325 billion, York said in a statement.

Canada condo boom rolls on as buildings fall apart

Published October 13, 2014 - 11:45am CST

(Reuters) — While Toronto's housing boom rolls on, some of the housing itself is falling apart.

AIG expands excess casualty liability cover for railroads

By: Stephanie Goldberg

Published October 09, 2014 - 2:19pm CST

With increased rail traffic and more cars carrying potentially hazardous materials American International Group Inc. has expanded its excess casualty liability limits for Class 1 railroads in the United States and Canada.

Willis Canada names next national partner and CEO

By: Mark A. Hofmann

Published October 07, 2014 - 1:37pm CST

Brian Parsons has been named national partner and CEO of Willis Canada, Willis Group Holdings P.L.C.’s Willis North America unit announced Tuesday.

Canadian company lays out defense case for its jailed CEO

Published October 06, 2014 - 10:51am CST

(Reuters) — Defense lawyers for a Canadian executive sentenced to 15 years prison in Cuba on bribery and other charges released a raft of documents on Sunday seeking to bolster their case that Cy Tokmakjian was denied a fair trial.

Canada may spread oil-by-rail insurance burden, mulls special fund

Published September 23, 2014 - 10:17am CST

(Reuters) — The Canadian government is looking at extending the insurance burden for crude-by-rail disasters beyond just railways and is weighing the idea of a special fund similar to one once set up for maritime oil spills, a government official said.

Marsh Canada acquires specialty construction broker

By: Matthew Lerner

Published September 03, 2014 - 11:06am CST

Marsh Canada, a subsidiary of Marsh L.L.C., has acquired Montreal-based Kocisko Insurance Brokers Inc., a commercial insurance brokerage serving the construction sector, Marsh said in a statement Wednesday.

Willis Re Canada adds two executives from Guy Carpenter

By: Kate Shepherd

Published August 28, 2014 - 11:36am CST

Willis Re Inc., the North American reinsurance operation of Willis Group Holdings P.L.C., on Thursday said it has hired two executives for its Toronto-based senior management team from Guy Carpenter & Co. L.L.C.

Jardine Lloyd Thompson Canada adds 2 executives to Calgary office

By: Kate Shepherd

Published August 22, 2014 - 12:52pm CST

Jardine Lloyd Thompson Canada Inc., a unit of Jardine Lloyd Thompson Group P.L.C., is adding two new members to its senior team in Calgary, Alberta.

Rail firm poorly audited before Canada disaster: Report

Published August 19, 2014 - 10:47am CST

(Reuters) — The Canadian government did not adequately audit the rail company at the center of last year’s Lac-Megantic oil-by-rail disaster in which 47 people died, the Transportation Safety Board of Canada said on Tuesday.

Allied World offers insurance for Canadian energy risks

By: Kate Shepherd

Published August 15, 2014 - 1:27pm CST

Allied World Assurance Co. Holdings A.G. has launched a property insurance line for energy risks in the Canadian market.

Allianz Global Corporate & Specialty offers cyber risk coverage for Canadian firms

By: Kate Shepherd

Published August 13, 2014 - 1:39pm CST

Allianz Global Corporate & Specialty S.E., a unit of Allianz S.E., has launched Allianz Cyber Protect to protect Canadian companies from the risk of data breaches and cyber crime.

Fairfax Financial, CEO probed over possible insider trading

Published August 01, 2014 - 1:12pm CST

(Reuters) — Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd., its CEO and its president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.

Canada accuses Chinese of trying to hack government network

Published July 29, 2014 - 11:58am CST

(Reuters) — Canada on Tuesday took the unusual step of singling out Chinese hackers for attacking a key computer network and lodged a protest with Beijing, raising tensions at a time when Ottawa wants to boost oil sales to China.

Greenbrier says rapid phase-out of older oil-by-rail tank cars doable

Published July 24, 2014 - 10:02am CST

(Reuters) — A top U.S. railcar maker, The Greenbrier Companies Inc., said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is “aggressive” but can be done.

AIR updates earthquake risks model for Canada

By: Bill Kenealy

Published July 21, 2014 - 11:01am CST

Catastrophe risk modeling firm AIR Worldwide released an updated model for earthquakes in Canada on Monday.

Hub International buys Manitoba-based insurance agency

By: Joanne Wojcik

Published July 07, 2014 - 1:02pm CST

Hub International Ltd. on Monday said it has acquired the shares of Gibson's Insurance Agency Ltd., a Manitoba, Canada-based commercial insurance brokerage, expanding its reach into Canada.

Canadian insurance leaders chart efficient course in face of evolving risks

By: Matthew Lerner

Published July 06, 2014 - 6:00am CST

NIAGARA-ON-THE-LAKE, Ontario — Business should be good this year, according to a leading Canadian economist — as long as nature cooperates and political volatility remains moderate.

Insurers must prepare for disasters, respond efficiently to customers: Panel

By: Matthew Lerner

Published June 18, 2014 - 1:07pm CST

NIAGARA-ON-THE-LAKE, Ontario — Greater challenges are requiring even better disaster responses, while remaining engaged and involved can help retain business when disaster does strike, according to speakers at the Canadian Commercial Insurance Summit in Niagara-on-the-Lake, Ontario.

Economist sees recovery in worldwide economies

By: Matthew Lerner

Published June 17, 2014 - 3:09pm CST

NIAGARA-ON-THE-LAKE, Ontario — World economies are on a path to recovery after suffering through the global economic downturn, a speaker said Tuesday during the Canadian Commercial Insurance Summit.

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