Claims
Scientists with the U.S. Geological Survey (USGS) announced on Friday that they will be conducting field work to gather up-to-date information to help emergency managers track and respond to historic levels of flooding on Lake Ontario. The scientists will begin the work on Monday along a flood-impacted stretch of New York’s Lake Ontario shoreline using […]
By Canadian Underwriter | July 7, 2017
4 min read
100 MILE HOUSE, B.C. – A wildfire in British Columbia’s Cariboo region has scorched more than 12 square kilometres of bush near 100 Mile House. The BC Wildfire Service says heavy smoke makes it difficult to determine the exact size of the fire, but it has grown exponentially since being reported Thursday along the Gustafsen […]
By Jason Contant | July 7, 2017
2 min read
Volvo Cars announced earlier this week that every Volvo it launches from 2019 will have an electric motor, “marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its future business.” “The announcement represents one of the most significant strategies by any car maker […]
Saskatchewan Government Insurance (SGI) announced on Thursday that it has pursued legal action for the first time against two liquor establishments in connection with an impaired driving case that claimed a family of four in January 2016. SGI said in a press release that it filed a statement of claim in the Saskatoon Court of […]
By Canadian Underwriter | July 6, 2017
3 min read
A thunderstorm over Saskatoon on June 2 that spawned ping pong ball-sized hail is estimated to cost more than US$30 million, Aon Benfield said in its Global Catastrophe Recap report for the month of June. The fast-developing thunderstorm caused the “most significant” damage on the east side of the city, as thousands of claims from […]
Canadians evacuated from their homes because of wildfires can expect to suffer an average of $11,300 in financial losses, a recent study from Square One Insurance Services Inc. has found. Those with home insurance can recover most, but not all, of the financial loss, Square One said in a press release on Thursday. There have […]
5 min read
KAMLOOPS, B.C. – An out-of-control wildfire is burning through the Cherry Creek area west of Kamloops, B.C. The BC Wildfire Service says the 15-hectare fire has damaged one outbuilding and partially effected a residence in the area. Spokeswoman Justine Hunse says 48 firefighters, 11 fixed-wing aircraft and one helicopter have been involved in fighting the […]
By Jason Contant | July 6, 2017
1 min read
Employers should “reconsider” starting workers on probation if those probationary periods are being used “legal risk mitigation” strategies, a Toronto lawyer suggested Tuesday in a blog post. In Ontario, when a probationary period is for longer than three months, employer must still provide notice of dismissal, under the province’s Employment Standards Act, “despite the greater […]
Intact Financial Corporation’s (IFC) estimated catastrophe losses, net of reinsurance, for 2017 Q2 is about $105 million on a pre-tax basis, reports Canada’s largest provider of property and casualty. On an after-tax basis, the estimated loss amounts to $77 million or $0.58 per share, notes an IFC press release late Wednesday afternoon. Heavy precipitation resulting […]
The earth is likely to see an increase in the frequency and intensity of weather phenomena, including severe thunderstorms, wildfires, inland floods and coastal flood, according to projections from catastrophe risk modelling firm AIR Worldwide. The projections were contained in an AIR Worldwide report released last week titled Climate Change Impacts on Extreme Weather. The […]
By Canadian Underwriter | July 5, 2017
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