Claims
MISSISSAUGA, Ont. – Police are actively hunting for two suspects believed to be behind an explosion that rocked an Indian restaurant west of Toronto, sending 15 people to hospital, the chief of the investigating force said Friday. Jennifer Evans of Peel Region police said the investigation into Thursday night’s blast at the Bombay Bhel restaurant […]
By Canadian Underwriter | May 25, 2018
3 min read
CALGARY – A University of Calgary study says there need to be more wide, open spaces to prevent catastrophic wildfires like the one that devastated the city of Fort McMurray in northeastern Alberta two years ago. Researchers from the university’s Schulich School of Engineering used high spatial resolution satellite images to study the two costliest […]
By Jason Contant | May 24, 2018
2 min read
Recent flooding in Grand Forks, B.C. has not only brought a community together, it has brought two local competing brokerages together as well. Sam Cowan, vice president of sales and marketing with RHC Insurance Brokers Ltd., said that the brokerage’s office in Grand Forks was shut down for several days after a power outage. However, […]
By Jason Contant | May 23, 2018
Property insurers’ subrogation rights in Canada may be a bit broader than some lawyers and judges might think. An off-cited trilogy of Supreme Court of Canada decisions released during the 1970s– including one in favour of the Eaton’s department store chain – “did not enunciate freestanding principles,” Justice Russell Juriansz of the Court of Appeal […]
By Greg Meckbach | May 22, 2018
BRANDON, Man. – A blaze that Premier Brian Pallister called “massive” has burned through several buildings in downtown Brandon, Man., including one with dozens of apartments managed by community groups. “It’s just devastating. We’re thinking of all the families that live in that building,” said Debbie Huntinghawk, president of the Brandon Friendship Centre, which managed […]
By The Canadian Press | May 22, 2018
The federal government will invest $2 billion over 10 years in projects to help communities better withstand natural hazards such as floods, wildfires, seismic events and droughts. The Disaster Mitigation and Adaptation Fund (DMAF) will support large-scale infrastructure projects with a minimum cost of $20 million, such as diversion channels, wetland restorations, wildfire barriers and […]
By Jason Contant | May 19, 2018
FREDERICTON – New Brunswick’s environment minister has given a new sense of scale to the province’s record-setting floods, saying as many as 10,000 homes and businesses were within flood zones. Andrew Harvey said Thursday that precise figures have yet to come in on the extent of the damage those structures suffered, as citizens are still […]
By The Canadian Press | May 19, 2018
Despite nearly US$100 billion in hurricane losses in 2017, insurance buyers are not experiencing a hard market like they did after the 2001 terror attacks that brought the World Trade Centre down, the head of Fairfax Financial Holdings Ltd. suggests. 2017 was probably a record year in catastrophe losses, said Prem Watsa, chairman and CEO […]
By Greg Meckbach | May 17, 2018
FORT MCMURRAY, Alta. – Deadlines have been extended for hundreds of insurance claims that remain unresolved more than two years after a wildfire dubbed “The Beast” tore through Fort McMurray and surrounding areas in the Regional Municipality of Wood Buffalo. “This is unprecedented, not just for the people of Wood Buffalo, but for our industry,” […]
By The Canadian Press | May 17, 2018
Similar to drunk driving campaigns that took years to take hold before people realized others were getting injured or killed and that it was unacceptable, distracted driving campaigns may also take a while to fully work, Aviva Canada’s chief underwriting officer told Canadian Underwriter Tuesday. “Kind of like with that [drunk driving] campaign, it starts […]
By Jason Contant | May 16, 2018
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