Claims
Risk barometer reflects evolving threats to business
By Emily Atkins, Editor | October 11, 2017
7 min read
VANCOUVER – Researchers in British Columbia have developed a spray-on concrete they say will protect schools from even the strongest earthquakes and cut the cost of seismic retrofits in half. The new material will be used in the next few months to seismically upgrade a Vancouver elementary school and researchers say they hope to expand […]
By Jason Contant | October 10, 2017
1 min read
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar later this month on vulnerabilities and mitigation strategies related to exposure of buildings to wildfire. The webinar, to be held from 10 a.m. to 11:30 a.m. EDT on Oct. 20, will focus on common vulnerabilities of a building to a wind-blown ember exposure, […]
By Canadian Underwriter | October 10, 2017
2 min read
Catastrophe losses “should reach” US$95 billion, for the private insurance market, from three recent North Atlantic hurricanes and the earthquake in Mexico, SCOR SE suggested Monday. That figure is the “total private insured market loss for the combined Harvey-Irma-Maria hurricanes and Mexico earthquake,” Paris-based SCOR said. Hurricanes Harvey, Irma and Maria alone cost American International […]
4 min read
The Office of the Superintendent of Financial Institutions (OSFI) will release a discussion paper related to reinsurance, likely early next year, Neville Henderson, assistant superintendent of the regulator’s insurance supervision sector, said last week. Speaking at the National Insurance Conference of Canada (NICC) in Quebec City on Oct. 2, Henderson told attendees that OSFI is […]
Endeavour Insurance Services is looking to facilitate easier management of risks in the small-medium enterprise (SME) cyber space – while also supporting MGAs, brokers and clients in the U.S. and Canada – with the launch of a new technology and cyber facility. Predominantly managed via an online portal, the Endeavour Cyber Facility “will provide multiple […]
While the federal government understands the problem surrounding flood mitigation in Canada, “we’re not there yet” and the insurance industry and government are still working on a solution, a speaker said on Oct. 3 at the National Insurance Conference of Canada (NICC). “There are ongoing discussions with senior officials responsible for emergency management to high […]
By Jason Contant | October 8, 2017
Police in Saskatchewan will focus on distracted driving as their traffic safety spotlight for the month of October. Throughout the month, police across the province will be using a variety of tactics to catch distracted drivers in the act, including surveillance from unmarked vehicles and plainclothes officers on the sidewalks, Saskatchewan Government Insurance (SGI) said […]
By Canadian Underwriter | October 6, 2017
A lack of insurance coverage for critical infrastructure is one reason for the growing gap between insured and economic losses and 2017 “is going to be the costliest year in world insurance history,” a speaker said Thursday at the 44th Annual Engineering Insurance Conference (AEIC) in Toronto. Citing Swiss Re figures, Glenn McGillivray, managing director […]
By Jason Contant | October 6, 2017
3 min read
Following Canada’s costliest natural disaster, Fort McMurray may be more resilient in the short- and medium-term, but there needs to be an avoidance of “event amnesia,” a speaker suggested earlier this week at the National Insurance Conference of Canada (NICC). Shane Schreiber, managing director of Alberta Emergency Management Agency, described the phenomenon in emergency management […]
By Jason Contant | October 5, 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.
