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Buyer Beware Buyer Beware Image

Claims

Buyer Beware

Insurers have expertise in flood risk and have access to specific property information, but municipalities, with access to infrastructure data, are in a much better position to advise owners on how to assess their land for flood risk.

By Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction | October 30, 2017

1 min read

Manitoba sets carbon tax at $25 a tonne as Trudeau warns feds will impose price Manitoba sets carbon tax at $25 a tonne as Trudeau warns feds will impose price Image

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Manitoba sets carbon tax at $25 a tonne as Trudeau warns feds will impose price

WINNIPEG – The federal and Manitoba governments moved closer to a clash over carbon pricing Friday, as Prime Minister Justin Trudeau said his government will impose a carbon tax in Manitoba if need be. “There will be a federal backstop and if any province doesn’t move forward in an appropriate way, the federal government will […]

By Jason Contant | October 30, 2017

3 min read

Supreme Court rules against Canadian banks in lawsuit arising from cheque fraud Supreme Court rules against Canadian banks in lawsuit arising from cheque fraud Image

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Supreme Court rules against Canadian banks in lawsuit arising from cheque fraud

Despite a warning from lawyers that banks could be made “insurers against cheque fraud perpetrated by employees on their employers,” the Supreme Court of Canada announced Friday it has ruled against two banks that were sued by a company that was the victim of cheque fraud. “Banks are well-situated to handle the losses arising from […]

By Canadian Underwriter | October 30, 2017

4 min read

Hurricanes look to be increasing, drivers of higher related losses less prominent in Canada than in U.S.: AGCS Hurricanes look to be increasing, drivers of higher related losses less prominent in Canada than in U.S.: AGCS Image

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Hurricanes look to be increasing, drivers of higher related losses less prominent in Canada than in U.S.: AGCS

Lower population increase and development in coastal areas of Canada compared to the United States will likely help ensure losses are less likely to increase, suggests Andrew Higgins, technical manager – Americas for Allianz Risk Consulting, LLC. “Certainly, sea level rise affects the coastal areas of Canada as well, but we have not seen the […]

By Angela Stelmakowich | October 30, 2017

3 min read