Claims
Brokers will play a critical role as trusted risk management advisors in the rapidly expanding drone industry. Brokers need to inform their customers that as soon as the rotors are turning, a standard general liability policy no longer responds, and either an aviation policy or an endorsement is required.
By Jeffrey McCann, Vice President, Digital Strategy, Shaw Sabey & Associates | April 1, 2017
5 min read
An updated North American climate index shows an increase in the occurrence of extreme weather events in Canada. A number of Canadian regions are among those with the highest index values, indicating the largest deviations in extreme weather events and sea levels from historical values. How can this information help inform the risk management strategies of Canadian insurers and others?
By Caterina Lindman, Chair, Climate Index Working Group; and Doug Collins Chair, Climate Change Committee | April 1, 2017
4 min read
Cyber crime is on the rise. A study released by Juniper Research in mid-2015 projected that by 2019, the global cost of cyber crime will reach more than US$2 trillion, increasing to almost four times the estimated cost of breaches in 2015. Is there coverage for cyber-related losses? Recent decisions in the United States confirm […]
By Hershel Sahian, Partner; and Andrew Cottreau, Student-At-Law, Hughes Amys LLP | April 1, 2017
7 min read
Winnipeg scaled back flood preparations on Friday after Manitoba officials moved to divert water around the city. The gates of the Red River floodway were lifted in anticipation of the river cresting in the city sometime on the weekend. City officials said activating the floodway meant there were 25 properties at risk, down from 50. […]
By The Canadian Press | March 31, 2017
2 min read
Saskatchewan Government Insurance (SGI) and law enforcement will be focusing on vulnerable road users throughout the month of April. SGI, the province’s self-sustaining, compulsory auto insurance program, said in a press release on Friday that the focus will include dangerous traffic behaviours by pedestrians, cyclists and motorcyclists, as well as dangerous actions towards them by […]
By Canadian Underwriter | March 31, 2017
The Standards Council of Canada (SCC) and the Intact Centre on Climate Adaptation (Intact Centre) at the University of Waterloo have announced that they are joining forces to develop a new report on best practices for making new residential communities flood-resilient. The partnership comes as a result of the growing number of costly and severe […]
3 min read
There are encouraging signs from government, municipalities and builders that resiliency needs to become part of building code conversations given that severe weather shows no signs of abating, suggested John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA). There appears to be “a real openness to say, ‘You know what? We’re going […]
By Angela Stelmakowich | March 31, 2017
A bill proposing a minimum $2,000 fine, under Ontario’s Highway Traffic Act, for careless driving causing death or bodily harm, will be re-introduced in the legislature, a Hamilton-area MPP said Thursday. Bill 213, An Act to amend the Highway Traffic Act with respect to careless driving causing death or bodily harm, was originally tabled June […]
By Canadian Underwriter | March 30, 2017
VANCOUVER – Charges have been laid against the owners of the MV Marathassa nearly two years after a leak of bunker fuel onto the beaches of English Bay in Vancouver, but the company is trying to scuttle the proceedings. Documents filed in British Columbia provincial court show the Marathassa and Greece-based Alassia NewShips Management Inc. […]
By Jason Contant | March 30, 2017
Australia is experiencing its most powerful storm since 2011, as Cyclone Debbie roared ashore in Queensland, Australia as a Category 4 storm shortly after noon on Tuesday. Catastrophe modelling firm AIR Worldwide said that Cyclone Debbie struck Airlie Beach as a Category 4 storm on the Australia Bureau of Meteorology intensity scale (similar to a […]
By Canadian Underwriter | March 29, 2017
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