Claims
A claim for interference with homemaking capability “must be scrutinized carefully” in an auto personal injury lawsuit, a British Columbia judge suggested in a recent ruling that cites an earlier Court of Appeal for Ontario ruling. In a ruling released Nov. 10, Justice Warren Milman of the B.C. Supreme Court awarded damages to Mary Ann […]
By Canadian Underwriter | November 16, 2017
2 min read
The National Roundtable on Flood Risk, scheduled Thursday in Regina, presents a “terrific opportunity launch a national conversation on flood risk,” said Craig Stewart, vice president of federal affairs for Insurance Bureau of Canada. Along with IBC president and CEO Don Forgeron, Stewart will be addressing the roundtable, which will be hosted by Ralph Goodale, […]
By Canadian Underwriter | November 14, 2017
Amid concerns about the frequency and severity of flooding in Canada, insurers are advising brokers to “stay on top” of the various water coverage products in the market, as well as to bear in mind that different carriers are taking different approaches to water risk. “It’s a complex area and it’s a rapidly-evolving area right […]
By Jason Contant | November 14, 2017
Despite a promise this past September to provide “up to $161 million” to address drug-impaired driving, a Toronto-area opposition member of parliament claimed recently that Canadian police departments are not able to “manage the increased threat of impaired driving associated with the legalization of marijuana.” With Bill C-45, currently before Parliament, Canada’s ruling Liberals are […]
By Canadian Underwriter | November 13, 2017
3 min read
TEHRAN, Iran – A powerful 7.3 magnitude earthquake near the Iraq-Iran border killed over 350 people across both countries, sent residents fleeing their homes into the night and was felt as far away as the Mediterranean coast, authorities said Monday. Iran’s western Kermanshah province bore the brunt of the temblor Sunday night, with authorities saying […]
By Jason Contant | November 13, 2017
4 min read
The United States National Flood Insurance Program – which expires next month – “remains essential and has a purpose,” A.M. Best Company Inc. said in a recent report. But without billions in relief provided in a law passed Oct. 26, “projected losses” from three recent North Atlantic hurricanes “would have fully exhausted NFIP’s remaining cash […]
By Canadian Underwriter | November 11, 2017
5 min read
OTTAWA – From the slow-paced, tree-lined streets of downtown Charlottetown to the modern, western architecture of metro Vancouver, Canada’s urban waterfronts are a beacon for condo developers, tourists and everyone in between. But even in best-case scenarios for global warming, a new series of interactive maps that illustrate the impact of rising sea levels suggest […]
By Jason Contant | November 10, 2017
Despite losing about 2.7 billion euros on three recent North Atlantic hurricanes alone, Munich Re said Thursday it is “expecting to generate a small profit” this year. Munich Re released its financial results for the period ending Sept. 30, reporting a 1.4-billion euro loss in Q3 and a 146 million euro loss for the first […]
By Canadian Underwriter | November 9, 2017
Historic wildfires in portions of California last month could cost insurers as much as US$8 billion, according to Aon Benfield’s Global Catastrophe Recap for October. The report, released on Thursday by Impact Forecasting, the catastrophe modelling development centre of Aon Benfield, noted that the California Department of Insurance has cited that at least 19,000 residential, […]
Insurers have paid AUS$1 billion in claims related to Cyclone Debbie, with more than 85% of claims now closed, the Insurance Council of Australia (ICA) reported on Monday. Cyclone Debbie now ranks as the second-most expensive cyclone in Australian history, and the most expensive cyclone to hit Queensland, ICA said in a press release. ICA […]
By Canadian Underwriter | November 7, 2017
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
