Claims
What has been described as the first free and neutral open online catastrophe modelling course was launched today to help those working in climate change and disaster loss mitigation, academia and insurance better understand the use of models in nat-Cat risk management. The offering out of London is “the first massive open online course (MOOC) […]
By Canadian Underwriter | September 5, 2017
2 min read
SGI Canada policyholders in areas affected by the wildfires in northern Saskatchewan will have mass evacuation coverage in place for 30 days and should be assured that personal and commercial property policies will not be cancelled for 30 days in the event of expiration or non-payment. The northern Saskatchewan wildfires have forced hundreds to evacuate […]
3 min read
Ransomware is not new, but attacks are transforming in step with changing motivations. Businesses are advised to have in place precautions to thwart attacks when possible, complemented by cyber insurance should attackers manage to break through.
By Graeme Newman, Chief Innovation Officer, CFC Underwriting | September 1, 2017
6 min read
Hot, dry and windy conditions continue in Manitoba, resulting in elevated wildfire danger levels in many areas of the province, Manitoba Sustainable Development and the Office of the Fire Commissioner said in a media bulletin issued on Friday. To date, there have been about 500 fires this season. With many other fires burning across the […]
By Canadian Underwriter | September 1, 2017
WILLIAMS LAKE, B.C. – A municipal leader in British Columbia’s central Interior says he wouldn’t be surprised if wildfires that have chewed through more than 10,600 square kilometres of woodland won’t be fully out until 2018. Chairman Al Richmond of the Cariboo Regional District said hot spots from many of the largest fires likely won’t […]
By Jason Contant | September 1, 2017
MacEwan University has reported it was the victim of a phishing attack in August that resulted in the transfer of $11.8 million to the alleged perpetrator. MacEwan University said in a statement on Thursday that it discovered the fraud on Aug. 23. “A series of fraudulent emails convinced university staff to change electronic banking information […]
Two significant spring storm and flooding events in eastern Ontario and western Quebec resulted in more than $223 million in insured damage, according to information from Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) released on Friday. Between April 5 and 7, a pair of low-pressure systems led to major flooding in southern Quebec and wind […]
Insured flood loss for homes in Texas and Louisiana affected by Hurricane Harvey is estimated to be between US$6.5 billion and US$9.5 billion, according to preliminary loss estimates from CoreLogic. Irvine, Calif.-based CoreLogic, a global property information, analytics and data-enabled solutions provider, noted in a press release on Thursday that the insured flood loss estimate […]
British Columbia’s attorney general announced on Thursday that he has extended by two weeks the rate filing deadline for the Insurance Corporation of British Columbia (ICBC). Attorney General and the minister responsible for ICBC, David Eby, said in a statement from the Ministry of Attorney General that he has extended the date for ICBC to […]
By Canadian Underwriter | August 31, 2017
KAMLOOPS, B.C. - British Columbia's tourism industry is taking a hit with businesses reporting rising cancellations and decreased traffic over fears of wildfires. Maya Lange with Destination BC, the province’s tourism planning and marketing corporation, said Wednesday preliminary results from a survey of businesses in the Kootenay-Rockies region found that 32 per cent are anticipating losses due to perceptions of the fires. “We are very concerned. Just looking at the volume of visitation and the volume of trips that are taken by British Columbian…
By Jason Contant | August 31, 2017
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