Claims
The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives for Insurance Bureau of Canada said Tuesday. The challenging conditions resulted in the p&c industry […]
By Angela Stelmakowich | April 4, 2017
5 min read
The Insurance Council of Australia (ICA) has estimated insured losses to date from Tropical Cyclone Debbie at AU$306 million from 28,000 claims. ICA estimated the insured losses as of 9 a.m. on Tuesday. It also warned in a press release that day that households and businesses affected by the cyclone and its aftermath should watch […]
By Canadian Underwriter | April 4, 2017
2 min read
A judge has denied an application for an injunction that would have prohibited the Toronto Transit Commission from randomly testing 20% of its employees every year for drug and alcohol use. In a ruling released Monday, Mr. Justice Frank Marrocco suggested that if a labour arbitrator were to find that the transit commission’s Fitness for […]
6 min read
Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new strategic planning tool, and risk managers with a way to address natural hazard exposure around […]
3 min read
New wildfire protection regulations have taken effect in Alberta. The enhancements to the Forest and Prairie Protection Act regulations took effect on March 31, Alberta Agriculture and Forestry noted in a press release issued last week. The enhancements include: new penalties for infractions such as leaving a campfire unattended or burning without a permit; restrictions […]
CARMAN, Man. – The threat of flooding from an ice-choked river has prompted a big southern Manitoba town to declare a state of emergency. Officials in Carman say rising water on the Boyne River is causing flooding and sewer backups in the community of 3,400, about 90 kilometres southwest of Winnipeg. About 400 people are […]
By The Canadian Press | April 3, 2017
British Columbia’s Ministry of Transportation and Infrastructure announced on Friday funding for two flood protection projects in the province. The first is a $4.17 million investment to the District of Kent to expand and upgrade the Hammersley Pump Station, which is located approximately six kilometres west of Agassiz and conveys run-off from the Mountain Slough […]
By Canadian Underwriter | April 3, 2017
TORONTO – McDonald’s Canada says the jobs section of its website has been hacked, compromising the personal information of about 95,000 applicants over the last three years. The company said Friday the accessed information included names, addresses, phone numbers, employment histories and other standard job application information of those who applied online between March 2014 […]
Risks associated with higher education institutions are many, ranging from targeted violence to indiscriminate severe weather. Whether planned or not, both types of events demand a well-conceived emergency response be available.
By Dawn H. Puro, Senior Vice President, Specialty Casualty, Public Entity Lines, Ironshore; and Victor Ip, Vice President, Specialty Casualty, Ironshore Canada | April 1, 2017
7 min read
Catastrophes, both natural and man-made, continue to capture the attention of everyone involved in Canada's property and casualty industry. By gathering the most up-to-date and relevant information, the thought is that stakeholders will better be able to herd straggler facts into a more manageable and usable form.
By Angela Stelmakowich, Editor; and Greg Meckbach, Associate Editor | April 1, 2017
8 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
