Claims
MONTREAL – Quebec’s public security minister says new measures to assist flood victims who feel they’ve been abandoned by the province will help them cut through the bureaucracy. Martin Coiteux was in Montreal on Tuesday to announce personalized meeting days will be held with affected residents, allowing them to meet directly with municipal and provincial […]
By Jason Contant | September 12, 2017
2 min read
Flood losses from Hurricane Harvey have again highlighted the global insurance protection gap, Aon Benfield said in a newly released report. On Monday, Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, released the September edition of its Reinsurance Market Outlook report, which assesses the key drivers of reinsurance supply and demand […]
By Canadian Underwriter | September 12, 2017
3 min read
Ontario politicians debated Monday a bill that, if passed into law, would increase the role of conservation authorities in protecting property from flooding. Provincial conservation authorities’ roles include flood and erosion control, ice management, flood forecasting and warning and drought and low-water programs, Natural Resources and Forestry Minister Kathryn McGarry told the legislature Sept. 11 […]
OneEleven, described as “North America’s largest scaleup innovation hub,” and Aviva Canada have announced that a 48-hour DisasterTech Hackathon will be held next month in Toronto. The event will kick off at OneEleven’s office at 325 Front St. West in Toronto on Oct. 13, the International Day for Disaster Reduction, and end on Oct. 15, […]
As Tropical Storm Irma moves north through Florida, a group whose members include insurers is urging American politicians to reform the National Flood Insurance Program, which expires Sept. 30. SmarterSafer announced Sept. 7 it “continues to support a reauthorization of the National Flood Insurance Program linked to substantive reforms,” including a move “toward risk based […]
By Canadian Underwriter | September 11, 2017
4 min read
The Liquor Control Board of Ontario (LCBO) will oversee approximately 150 standalone cannabis retail stores, the provincial government said on Friday as part of its “safe and sensible framework” to manage the Government of Canada’s plan to legalize cannabis by July 2018. Yasir Naqvi, Attorney General of Ontario, Charles Sousa, Minister of Finance and Eric […]
SHERBOOKE, Que. – Jury selection is set to begin today in the trial of three men charged in the rail disaster that killed 47 people in Lac-Mégantic, Que. Three ex-railway employees – train driver Thomas Harding, railway traffic controller Richard Labrie and manager of train operations Jean Demaitre – face 47 counts of criminal negligence […]
By Jason Contant | September 11, 2017
1 min read
The quick fix of terminating a producer suspected of unethical behaviour by simply cutting a cheque could have some lingering effects. Litigation costs and unpleasantness may be avoided, but what if the producer simply moves on to a new job and continues with the same questionable behaviour? What must a brokerage do to meet its obligations to its customers, its industry and regulators?
By The CIP Society - Insurance Institute of Canada | September 11, 2017
MEXICO CITY – One of the most powerful earthquakes ever recorded in Mexico struck off the country’s southern coast, toppling hundreds of buildings, triggering tsunami evacuations and sending panicked people fleeing into the streets in the middle of the night. At least 35 people were reported killed. The quake that hit minutes before midnight Thursday […]
By Jason Contant | September 8, 2017
Nearly 8.5 million residential and commercial properties in Florida are at either “extreme,” “very high” or “high” risk of wind damage from Hurricane Irma, new data from CoreLogic shows. According to data analysis from the global property information, analytics and data-enabled solutions provider, an estimated 8,456,455 residential and commercial properties in Florida are at risk […]
By Canadian Underwriter | September 8, 2017
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