Claims
The president and CEO of the Property Casualty Insurers Association of America (PCI) is calling on the U.S. Congress to pass at least a six-month extension of the National Flood Insurance Program (NFIP). David A. Sampson said in a press release on Wednesday that the proposed extension would provide the Federal Emergency Management Agency (FEMA) […]
By Canadian Underwriter | August 31, 2017
2 min read
The City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements. As of 3:45 p.m. on Aug. 30, Windsor City Services (311) had received 2,688 basement […]
Economic losses caused by wind, storm surge and inland flood from Hurricane Harvey could be as high as US$70-90 billion, according to preliminary estimates from Risk Management Solutions, Inc. (RMS). The Newark, Calif.-based global risk modelling and analytics firm said in a press release on Wednesday that the majority of the overall loss is likely […]
3 min read
SCM Insurance Services announced on Thursday that it has received a majority investment from funds affiliated with Warburg Pincus LLC, a global private equity firm focused on growth investing. The major investment, along with the continued investment in SCM by private equity firm TorQuest Partners, will provide SCM with “access to important capital and strategic […]
PELICAN NARROWS, Sask. – A general evacuation has been ordered for a northeastern Saskatchewan community because of smoke and road closures caused by wildfires. The Saskatchewan government says emergency social services is preparing to receive an additional 1,100 people from the community of Pelican Narrows. The government says the plan is to send 500 of […]
By Jason Contant | August 30, 2017
1 min read
WASAGAMACK, Man. – Forest fires are prompting the evacuation of some 3,700 people from three First Nation communities in northern Manitoba. The fires are closest to the Wasagamack First Nation, some 600 kilometres north of Winnipeg, and all 2,000 residents are being moved out. There is no airstrip in the community, so people are being […]
Inattentive driving is linked to more collisions on Ontario Provincial Police (OPP)-patrolled roads so far this year than speeding and alcohol/drug-related collisions combined, the police service reported on Tuesday. Since Jan. 1, 2017, driver distraction has been reported as the primary cause in 6,360 road collisions, the OPP said in a press release. By comparison, speed was the primary cause in 4,700 crashes, while 1,158 of incidents involved a driver who consumed alcohol or drugs. As well, a total of 47 people have died to…
By Canadian Underwriter | August 30, 2017
A New Brunswick court recently addressed a rarely litigated exclusion in liability policies, which are meant to ensure an insured’s intentional conduct does not attract coverage. The ruling, plus an earlier one in British Columbia, show that although a plaintiff may allege the insured’s conduct was intentional, the analysis must go further.
By Nadia MacPhee, Partner, Brenton Kean | August 30, 2017
7 min read
The Government of Canada announced on Tuesday that it is creating an expert panel on adapting to climate change. Minister of Environment and Climate Change, Catherine McKenna, announced the launch of the Expert Panel on Climate Change Adaptation and Resilience Results in a statement from Environment and Climate Change Canada (ECCC). The expert panel will advise the federal government on measuring progress on adaptation and climate resilience to better understand how federal, provincial and territorial adaptation efforts are building Canada’s resilience to climate change, for…
By Canadian Underwriter | August 29, 2017
Harvey-related winds and storm surge in Texas are expected to produce industry insured losses amounting to between US$1.2 billion and US$2.3 billion, AIR Worldwide reported Monday afternoon as flooding in southeastern Texas continued to strand residents and wreak havoc. Included in the estimates are onshore residential, commercial and industrial properties and their contents, automobiles and […]
4 min read
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