Claims
Aviva Canada is applauding the second reading of a private member’s bill in Ontario to combat distracted driving through the creation of designated “safe texting zones.” Bill 19, the Safe Texting Zones Act, passed second reading on Thursday. Brought forward by Nipissing, Ont. Progressive Conservative MPP Vic Fedeli, the bill, if passed, would amend the […]
By Canadian Underwriter | March 10, 2017
3 min read
KANSAS CITY, Mo. – The winds fueling deadly wildfires that scorched vast swathes of land in four Plains states finally dropped Thursday, bringing hope to crews trying to contain the blazes. Emergency personnel warned, however, that extremely dry conditions and hot spots could cause a flare-up, even in areas where there’s “not much left to […]
By Jason Contant | March 9, 2017
The Supreme Court of Canada announced Thursday it will hear an appeal from a subcontractor on an oilsands project who is trying to sue a general contractor for failing to inform it of the existence of a surety bond. Court records indicate that Langford Electric Ltd. was a subcontractor to Bird Construction Company, which required […]
By Canadian Underwriter | March 9, 2017
As of March 8, cumulative preliminary tornado, hail and straight-line wind reports in the United States for the year have all been more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s (NOAA) Storm Prediction Center. Jeff Waters, a meteorologist with Risk Management Solutions, Inc. (RMS), used […]
Criminal charges against a Toronto man alleging that he sold fake auto insurance have been dropped. As Canadian Underwriter reported on April 9, 2015, Toronto Police Service charged Min-Hoi Yau with “fraud under $5,000, uttering a forged document and possession of proceeds of crime.” However, those charges have been dismissed. In a statement to Canadian […]
1 min read
SAN DIEGO – An earthquake fault running from San Diego Bay to Los Angeles is capable of producing a magnitude-7.4 earthquake that could affect some of the region’s most densely populated areas, according to a study released Tuesday. The study looked at the Newport-Inglewood and Rose Canyon systems – previously thought to be separate – […]
By Jason Contant | March 8, 2017
2 min read
A bill aimed at increasing participation by the private sector in the flood insurance market in the United States was tabled Wednesday in the House of Representatives, a U.S. congressman from Florida announced. The Flood Insurance Market Parity and Modernization Act was passed by the House of Representatives in 2016 before the November election but […]
By Canadian Underwriter | March 8, 2017
4 min read
Prolific severe weather outbreaks in the United States lead to an expected billion-dollar payout for the insurance industry as no fewer than five outbreaks of severe weather impacted portions of the country during February, according to Impact Forecasting’s latest Global Catastrophe Recap. The most prolific event occurred during the end of February and into the […]
Snow, high winds and low visibility made travel extremely dangerous in parts of Manitoba and eastern Saskatchewan Tuesday as a blizzard howled through the region for a second day. Manitoba said the Trans-Canada Highway and highways 16, 5 and 45 were closed from the Saskatchewan boundary to past Brandon, Minnedosa and Dauphin. The storm knocked […]
By The Canadian Press | March 7, 2017
Organizations representing the actuarial profession in Canada and the United States have reported an Actuaries Climate Index (ACI) value for the summer of 2016 of 1.72, the third-highest seasonal level recorded. On Tuesday, the four organizations representing actuaries in the two countries – the Canadian Institute of Actuaries, the Society of Actuaries, the American Academy […]
By Canadian Underwriter | March 7, 2017
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