Claims
Data analysis may start to focus more on modelling the process than the data itself, speakers suggested last week at the Canadian Insurance Financial Forum (CIFF). Although modelling began decades ago to model the process of financial catastrophes, there is now the ability to “model human behaviour, to model the man-made cat or to model […]
By Jason Contant | May 29, 2017
3 min read
Canada’s highest court will decide June 1 whether it will hear an appeal from a major auditing and accounting firm that could face a trial this fall in a class action lawsuit filed by several banks over the bankruptcy in 2000 of a Hamilton, Ontario-based scrap metal and industrial waste recovery firm. In 2004, an […]
By Canadian Underwriter | May 29, 2017
4 min read
The Government of Alberta announced on Friday that it is investing an additional $10.3 million to protect homes, businesses and infrastructure in Canmore. The money represents the final funding towards a $48.6-million debris dam at Cougar Creek and is part of $63 million earmarked in Budget 2017 to help Alberta communities and organizations adapt to […]
2 min read
The Atlantic could see another above-normal hurricane season this year, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center predicted on Thursday. For the upcoming Atlantic hurricane season, which runs from June 1 through Nov. 30, forecasters predict a 45% chance of an above-normal season, a 35% chance of a near-normal season and only […]
By Canadian Underwriter | May 26, 2017
The Government of Canada announced on Friday that it will develop a national Zero-Emissions Vehicle Strategy by 2018. Marc Garneau, the Minister of Transport, and Navdeep Bains, Minister of Innovation, Science and Economic Development, said in a statement from Transport Canada that the federal government is moving forward with provincial and territorial partners, industry and […]
The need for more collaboration between various municipalities and the consequences of poor land use policies were just two lessons learned from the Fort McMurray wildfire, a speaker said on Wednesday at the Canadian Insurance Financial Forum (CIFF). Michael Brisebois, global head of reinsurance at TD Insurance, said that the Fort McMurray wildfire, which crossed […]
By Jason Contant | May 26, 2017
Although Saskatchewan Government Insurance’s (SGI) traffic safety focus for April was on pedestrians, cyclists and motorists, the majority of offences were for speeding or aggressive driving, SGI reported earlier this week. Police in the province issued 12 tickets during the traffic safety focus: seven for drivers failing to yield or stop for pedestrians, or passing […]
By Canadian Underwriter | May 25, 2017
1 min read
The potential for procrastination to address the consequences of a large earthquake in Canada are persistent and pervasive, demanding implementation of a tactical plan that could see “the issue dealt with, one way or another, in the next 12 months,” Senator Scott Tannas argued Wednesday during an industry event in downtown Toronto. At every turn […]
By Angela Stelmakowich | May 25, 2017
6 min read
A nasty spring storm has toppled semis, uprooted trees and produced localized flooding throughout much of Saskatchewan and Alberta. In Saskatoon, wind speeds were recorded at 105 kilometres an hour Wednesday afternoon, leaving garbage bins strewn throughout the streets, shingles blown off roofs and at least one unoccupied vehicle was crushed by a fallen tree. […]
By The Canadian Press | May 25, 2017
The Institute for Catastrophic Loss Reduction released Tuesday a report intended as an “initial discussion paper” on the issue of mandating flood risk reduction measures on the part of private property owners. The report – Assessing local mandatory measures to reduce flood risk and inflow & infiltration in existing homes – was written by Joanna […]
By Canadian Underwriter | May 24, 2017
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