Claims
ATLANTA – Parts of the Midwest and the South were recovering Monday after a weekend round of storms, winds, hail and isolated tornadoes killed at least 14 people. And a chance remained for more severe weather in the South. Parts of the Florida Panhandle, Alabama, Georgia and Mississippi could be affected by severe thunderstorms, according […]
By Canadian Underwriter | May 1, 2017
4 min read
The Institute for Catastrophic Loss Reduction (ICLR) is holding its forecast of the 2017 wildfire season on May 10. The forecast, in a webinar running from 11:30 a.m. to 12:15 p.m. EST that day, will feature Dr. Kerry Anderson, fire research officer for the Canadian Forest Service (CFS), information from ICLR said. The interactive webinar […]
1 min read
CALGARY _ A long-delayed building boom in Fort McMurray is ramping up as homeowners, insurers, contractors, and officials in the Alberta city clear hurdles that hindered reconstruction after the devastating wildfire last May. While many residents and businesses had hoped to break ground last year, challenges ranged from the amount of debris that had to […]
By Greg Meckbach | April 30, 2017
Britain’s Flood Re program provides an “analogy for Canada” in insuring high-risk flood zones, while more research is needed to fully understand the economic impact of climate change, speakers suggested at Insurance Bureau of Canada’s recent Financial Affairs Symposium. Balz Grollimund, Swiss Reinsurance Company Ltd.’s head of treaty underwriting for Canada and English Caribbean, spoke […]
By Greg Meckbach | April 28, 2017
The Ontario government announced Thursday it is “reviewing” 35 recommendations on auto insurance form made by the former head of the province’s government-run workers’ compensation insurance system, the same day an insurance defence lawyer warned that some of those recommendations are “extraordinary” and will have most lawyers “not sleeping at night.” The province released April […]
The Insurance Brokers Association of Ontario (IBAO) has welcomed the provincial government’s budget pledge to give drivers the option of electronic proof of insurance, a move IBAO suggests will help make insurance more affordable for consumers. The advance is part of Thursday’s release of the 2017 Ontario Budget. “This year, drivers will benefit from the […]
By Canadian Underwriter | April 28, 2017
2 min read
SAN FRANCISCO – California says new climate change findings mean the ocean off the state’s coast is expected to rise higher than previously thought. The state’s Ocean Protection Council on Wednesday revised projections it provides to agencies to help them plan for climate change from fossil-fuel emissions. The rise threatens to flood low-lying airports, highways […]
By Jason Contant | April 28, 2017
TORONTO – Members of a Canadian class-action lawsuit against Volkswagen can submit claims for reimbursement starting on Friday after an Ontario court approved a $2.1-billion settlement plan. The 105,000 people who purchased or leased certain Volkswagen or Audi vehicles with two-litre diesel engines that were caught up in an emissions cheating scandal will each receive […]
By Jason Contant | April 27, 2017
EDMONTON – Alberta is looking at building a new operations centre to better manage how it responds to disasters such as the Fort McMurray wildfire. Municipal Affairs Minister Shaye Anderson said the need for a larger and more modern nerve centre is one of the lessons learned from the fire last May that forced more […]
3 min read
Most Canadian insurers were able to generate positive underwriting results in Alberta through their use of reinsurance risk sharing following the Fort McMurray wildfire, credit ratings agency DBRS Limited said in a commentary released on Wednesday. The commentary, titled 2016 Claim Losses for Canadian P&C Insurers Significantly Higher after Fort McMurray, but Impact Softened by […]
By Canadian Underwriter | April 26, 2017
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