Claims
Several low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for the month of May. Following on from a wet April in eastern Canada, several low […]
By Canadian Underwriter | June 8, 2017
4 min read
HIGH RIVER, Alta. – A new housing and retail development in High River, Alta., is being hailed as proof of renewed confidence in the town’s ability to handle another flood event. Massive floods that raged through southern Alberta in the summer of 2013 forced 100,000 people from their homes, primarily in Calgary and High River, […]
By The Canadian Press | June 8, 2017
2 min read
Increasing property values and concern over natural catastrophe exposures in the United States and Canada were among the factors mentioned in XL Catlin’s announcement Wednesday it had extended global property insurance capacity by 25% to US$500 million. XL Catlin reports the US$500 million global property insurance capacity is “available on a quota share or layered […]
1 min read
Results from the federal government’s oral fluid drug screening device pilot project suggest the devices can be “successfully used in Canada” to identify drivers who test positive for certain drugs in various conditions, Public Safety Canada (PSC) reported on Tuesday. While drivers can currently be tested for impairment by drug recognition experts and standard field […]
By Canadian Underwriter | June 7, 2017
3 min read
REGINA – Saskatchewan’s provincial auditor says the government isn’t doing enough to effectively regulate oil and gas pipelines. Judy Ferguson says in her annual report that as of the end of March, the Ministry of the Economy did not have written policies and procedures to evaluate existing pipeline operations. “Effective pipeline regulation helps to prevent […]
By Jason Contant | June 7, 2017
Fire Underwriters Survey (FUS), a division of Opta Information Intelligence, has developed a new model for insurers to better understand the risk of wildfire-related losses. The model was developed after FUS studied the wildfire losses in Kelowna, Slave Lake and Fort McMurray and gained a deeper understanding of wildfire urban interface fire risk in Canada, […]
In hearing disputes over whether or not a claimant's injuries fall within Ontario's Minor Injury Guideline, arbitrators with the Licence Appeal Tribunal tend to place greater weight on objective medical evidence and tend to be critical of subjective complaints referred to by medical practitioners.
By Kadey B.J. Schultz, Co-Managing Partner, Schultz Frost LLP | June 7, 2017
10 min read
The number of owners using captives for cyber liability programs – up almost 20% last year – represented the fastest growing non-traditional risk in captives managed by Marsh Captive Solutions, the company notes in a new report this week. Fuelled by unfamiliar and sometimes unquantifiable risks, captives are increasingly playing an integral role in the […]
Economical Insurance announced on Tuesday that it is “migrating to a simpler legal entity structure while continuing to offer a wide range of products and excellent service to broker partners and customers” as it continues its journey to become a public company. Currently, Assurance Economical in Quebec is underwritten by The Missisquoi Insurance Company; Economical […]
By Canadian Underwriter | June 6, 2017
DES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather on viewing platforms overlooking the Des Moines River. But little more than a decade after […]
By Jason Contant | June 6, 2017
5 min read
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