Claims
HAPPY VALLEY-GOOSE BAY, N.L. – Ottawa is sending military assistance to help the displaced residents of a flood-ravaged town in central Labrador. Public Safety Minister Ralph Goodale says the federal government is stepping in to respond to the severe flooding in Mud Lake. Residents of the small community were evacuated to Happy Valley-Goose Bay last […]
By The Canadian Press | May 24, 2017
1 min read
The federal government is aiming to remove the “bolus drinking” loophole with amendments to the Criminal Code provisions on impaired driving, Attorney General of Canada Jody Wilson-Raybould suggested Friday on Parliament Hill. If Bill C-46 is passed into law, Canadian police would have an “important new tool known as mandatory alcohol screening,” Wilson-Raybould told the […]
By Canadian Underwriter | May 24, 2017
3 min read
VANCOUVER – Flood-weary regions of British Columbia’s southern Interior are bracing for another battering, this time from high winds. Environment Canada has issued special weather statements for parts of Vancouver Island, Metro Vancouver and most of the southern Interior, including the Okanagan, advising that strong winds are due to hit late Tuesday and continue into […]
By The Canadian Press | May 23, 2017
2 min read
PERILS AG has disclosed a second loss estimate for windstorm Thomas of 249 million euros, up from its initial loss estimate of 213 million euros on April 6. Windstorm Thomas, also known as Doris, affected the British Isles, Netherlands, Belgium and Germany on Feb. 23 and 24, PERILS said in a press release on Tuesday. […]
By Canadian Underwriter | May 23, 2017
Resource risk has surpassed mechanical and electrical breakdown to become the number one potential source of financial losses for onshore wind energy developers, owners and operators globally, suggests a new report from GCube Underwriting Ltd. Despite continued development and improvement of protective measures, “it remains clear that there is absolutely no room for complacency when […]
SHIPPAGAN, N.B. – Authorities suspect a violent storm that hit New Brunswick suddenly late Thursday, ripping roofs apart and pulling down utility poles, may have been powered by tornadoes. “They were expecting some thundershowers, but nothing of that magnitude so it came without any notice and suddenly so luckily nobody was injured,” said Robert Duguay, […]
By The Canadian Press | May 19, 2017
The Insurance Bureau of Canada (IBC), Edmonton Police Service (EPS) and the RCMP are partnering to launch an educational campaign on rising auto theft rates in Edmonton. The campaign, titled Lock Out Auto Theft, consists of a website, social media posts and a new video featuring aerial police footage and advertising, EPS explained in a […]
By Canadian Underwriter | May 19, 2017
Hurricanes and typhoons could be monitored from hundreds of miles away with relatively inexpensive instruments like barometers and anemometers, much like earthquakes are monitored by seismometers, a new study has found. The study, titled Spiral Gravity Waves Radiating from Tropical Cyclones was published last month in the journal Geophysical Research Letters, the University of Miami […]
Technology advances will likely affect – perhaps even eliminate – some current roles in the insurance value chain, but should be regarded as an opportunity to focus more on value-added services and getting a seat at the table where new ecosystems are being created, it was suggested Thursday at an insurTech event in Toronto. Ryan […]
By Angela Stelmakowich | May 19, 2017
4 min read
Environment and Climate Change Canada (ECCC) has released a technical paper outlining a proposed federal carbon pricing option for provinces that choose not to have their own system in place in 2018. A backgrounder from ECCC referenced the Pan-Canadian approach to pricing carbon pollution issued on Oct. 3, 2016. To be fair and effective, the […]
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