Claims
A British Columbia homeowner who suffered property damage due to an electrical power surge cannot claim damages from the city, the Civil Resolution Tribunal has ruled. In January, 2016, a City of Salmon Arm snowplow hit a power pole, resulting in a power surge that affected the home of Holly Kallies. The resulting power surge […]
By Greg Meckbach | January 7, 2019
2 min read
HALIFAX – A second offshore support vessel has arrived off Canada’s east coast to help fight a fire that has been burning for days aboard a large container vessel bound for Halifax. “Several containers are still burning,” Tim Seifert, a spokesman for the international shipping company Hapag-Lloyd, said in an email Monday from Hamburg, Germany. […]
By The Canadian Press | January 7, 2019
The definition of “highway,” which is often debated in coverage disputes, is not as broad as some might think, the Court of Appeal for British Columbia has ruled. Robert Adam took Insurance Corporation of B.C. to court after he was hit by a vehicle and injured on a sandbar on the Fraser River near Chilliwack. […]
By Greg Meckbach | January 4, 2019
4 min read
VANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood watches or high streamflow advisories for several waterways and the deluge also prompted a boil […]
By The Canadian Press | January 4, 2019
1 min read
GANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting more than 40 centimetres. But it was Gander in central Newfoundland that was hardest hit, […]
By The Canadian Press | January 3, 2019
Asset manager The Carlyle Group has closed its acquisition of a majority ownership of Sedgwick from KKR & Co. Inc. and other shareholders for an estimated $6.7 billion. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec, together with Sedgwick management, remain minority investors, Sedgwick said in a press […]
By Jason Contant | January 3, 2019
VANCOUVER – BC Hydro says December’s massive windstorm was the most damaging in its history and demonstrates improvements are needed in order to be ready for future outages. A report from the Crown corporation says the Dec. 20 storm was unlike any previous weather event BC Hydro had encountered. The report boosts the total number […]
By The Canadian Press | January 2, 2019
The hacking of a hotel reservation system affecting Sheraton, Westin, Starwood and Marriott could cost up to $600 million for direct losses alone, AIR Worldwide said this week. AIR, a subsidiary of Verisk Analytics Inc. that produces catastrophe loss models, said Wednesday it estimates losses would be $200 to $600 million. All figures are in […]
By Greg Meckbach | December 20, 2018
CoreLogic Inc. announced Wednesday it has closed its acquisition of Symbility Solutions Inc. Irvine, Calif.-based CoreLogic – which provides risk data on properties to property and casualty insurers – already owned 28% of Symbility, a Calgary-based vendor of claims processing and estimating software for insurers. A five-year agreement by CoreLogic to not increase its holdings […]
By Greg Meckbach | December 19, 2018
The number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes involving a drinking driver. Overall, that number steadily decreased over the decades to 427 in […]
By Jason Contant | December 18, 2018
3 min read
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