Claims
The government of British Columbia has announced $550,000 in funding for increased capability for tsunami warnings and the potential to provide earthquake early warnings. British Columbia’s Ministry of Transportation and Infrastructure said in a statement on Tuesday that the $550,000 contribution from the BC Disaster Mitigation Program to the Capital Regional District will benefit residents […]
By Canadian Underwriter | March 28, 2017
3 min read
The Guarantee Company of North America has announced two water endorsements, which came into effect on Monday for new businesses and on May 23 for renewals. The GUARANTEE GOLD H2O+ and Guarantee SUPERIOR H2O+ endorsements are comprehensive, read-in coverage that sit on top of existing sewer back-up coverage in every residential policy, The Guarantee said […]
2 min read
JOHNSONS LANDING, B.C. – A tiny British Columbia community where four people were killed in a landslide almost five years ago has been warned of another possible slide. An evacuation alert has been issued for residents of Johnsons Landing on Kootenay Lake in southeastern B.C. after reports that Gar Creek was running muddy and materials […]
By The Canadian Press | March 28, 2017
Both economic and insured losses from natural catastrophes and man-made disasters in 2016 were the highest since 2012 – reversing a four-year downtrend – amounting to US$54 billion and US$175 billion, respectively, notes the latest sigma study from the Swiss Re Institute. This reversal “was due to a high number of sizable disaster events, including […]
5 min read
An auto accident victim who is compensated by Quebec’s public automobile insurance plan cannot sue a third party for an “aggravated” or “separate” aspect of the injury, provided there is a “plausible, logical and sufficiently close link” between the accident and the subsequent events, the Supreme Court of Canada suggested in a ruling released Friday. […]
By Canadian Underwriter | March 27, 2017
The government of Saskatchewan has announced steps to improve pipeline regulations after the completion of its investigation into last July’s Husky pipeline oil spill. Energy and Resources Minister Dustin Duncan announced last week that the Ministry of the Economy had completed its investigation into the Husky pipeline incident on July 21, 2016. The findings, which […]
4 min read
There is a sharp drop in the number of Canadians expressing concern about identity theft this year compared to last year, and Canadian businesses are working to protect personal information of customers, a new survey conducted for the Chartered Professional Accountants of Canada (CPA Canada) has found. The 2017 CPA Canada Fraud Survey, conducted by […]
Police issued 398 tickets for failing to wear a seatbelt or properly secure children in vehicles during last month’s traffic safety spotlight on occupant safety, Saskatchewan Government Insurance (SGI) reported on Monday. In February, law enforcement across the province were on the lookout for improperly restrained drivers and passengers, SGI noted in a press release. […]
1 min read
Total economic losses from volcanic eruptions could cost large cities up to US$30 billion, according to a new volcano model from Swiss Re. Calling it the “world’s first global volcano model,” the probabilistic model assesses risk in the case of more than 500 active volcanoes and enables insurers to quantify volcanic risks and to calculate […]
While the risk of overland flooding in Manitoba has been slightly reduced since the provincial government’s outlook in late February, it still remains moderate to major across the province, the provincial infrastructure minister said on Friday. “The province’s Hydrologic Forecast Centre continues to monitor precipitation, spring melt and inflows from the northern United States and […]
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