Claims
SAN FRANCISCO – Evacuations were ordered in Northern California on Monday and flash-flood warnings were issued elsewhere as downpours swelled creeks and rivers to potentially dangerous levels in the already soggy region. A levee break along the San Joaquin River prompted an evacuation order for about 500 people living in mainly ranch and farmlands near […]
By Jason Contant | February 21, 2017
4 min read
The Insurance Corporation of British Columbia (ICBC) announced on Monday that it has launched an education campaign aimed at helping to prevent insurance fraud. ICBC said in a statement that while most claims are honest, insurance industry studies estimate that fraudulent or exaggerated claims make up about 10 to 20% of all claims costs. “Applying […]
By Canadian Underwriter | February 21, 2017
2 min read
Just over one in four consumers (26%) in the United States have had their personal medical information stolen from technology systems, according to results of a survey from Accenture released on Monday. The findings related to the U.S. portion of Accenture’s seven-country survey. The full research, Accenture 2017 Healthcare Cybersecurity and Digital Trust Research, represents […]
3 min read
Ice loss from Canada’s Arctic glaciers has transformed them into a major contributor to sea level change, according to recent research by glaciologists at the University of California, Irvine (UCI). From 2005 to 2015, surface melt off ice caps and glaciers of the Queen Elizabeth Islands grew by an “astonishing” 900%, from an average of […]
Cyber attack, data breach and unplanned IT and telecom outages are the greatest concerns among business continuity professionals, concludes the sixth annual Horizon Scan Report, released Tuesday. The top three concerns remain unchanged from the last report carried out by U.K.-based Business Continuity Institute (BCI), whose aim is to promote a more resilient world, in […]
LOS ANGELES – The leading edge of a powerful Pacific storm entered southern and central California early Friday, bringing rains that forecasters said could become the strongest in years if not decades. With the storm feeding on an atmospheric river of moisture stretching far out into the Pacific, some precautionary evacuations of homes in the […]
By Jason Contant | February 17, 2017
The federal transport department should study the factors involved in severity of train derailments involving dangerous goods, Transportation Safety Board of Canada said Thursday. TSB – a separate organization from Transport Canada that investigates rail, aviation, marine and pipeline incidents – announced Thursday its recommendation came from an investigation into a derailment in 2015 involving […]
By Canadian Underwriter | February 17, 2017
Northbridge Insurance has teamed up with Alert Labs for a pilot project that provides customers up to $150 in annual savings on their home insurance if they purchase sensors aimed at protecting homes against water damage. The pilot project offers customers the savings when they purchase an Alert Labs Home Solution package (with a 15% […]
A new province-wide poll has found that more than 60% of Ontarians at least somewhat oppose cap and trade, which is designed to help fight climate change and reward businesses that reduce their greenhouse gas emissions. The Nanos Research poll, commissioned by the Canadian Taxpayers Federation (CTF), was released on Thursday. The poll of 500 […]
Trimont Financial Ltd., a subsidiary of The Wawanesa Mutual Insurance Company, announced on Thursday that it will acquire Western Financial Group and Western Life Assurance (together as Western) from Desjardins Financial Corporation, a Desjardins Group subsidiary, for a total transaction value of about $775 million. The transaction includes Western’s primary business units: its brokerage network, […]
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