Claims
OROVILLE, Calif. – The water level dropped Monday at the nation’s tallest dam, easing slightly the fears of a catastrophic spillway collapse that prompted authorities to order nearly 200,000 people to leave their homes downstream. But with more rain expected later in the week, time was running short to fix the damage ahead of the […]
By Jason Contant | February 13, 2017
4 min read
United Kingdom-based specialist insurer Beazley plans to expand the range of products available through its newly acquired Canadian operations with Monday’s announcement that it will offer television and film producers errors and omissions (E&O) coverage, as well as media liability coverage for a broad range of media companies. Beazley’s media liability coverages will be made […]
By Canadian Underwriter | February 13, 2017
2 min read
Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13, Water Plus will be available to eligible homeowners, tenants and condo owners through the insurer’s […]
FORT MCMURRAY, Alta. – A proposed class-action lawsuit has been filed against natural gas company Atco (TSE:ACO.X) in an explosion last May that damaged several homes in Fort McMurray, Alta. The blast took place in the Dickinsfield neighbourhood while the entire city was under an evacuation order because of a powerful wildfire. The lawsuit alleges […]
By The Canadian Press | February 13, 2017
Schools were closed and travel hampered in much of Atlantic Canada on Friday due to a fast-moving and powerful winter storm that blew in from the United States on Thursday night. Environment Canada had issued multiple snow, storm surge and wind warnings Thursday, saying many areas of Nova Scotia could see wind gusts of up […]
By The Canadian Press | February 10, 2017
3 min read
The exploration plans of Canadian mining firms are among the “prime” targets for hackers, while autonomous vehicles used by miners could be influenced by computer viruses, Deloitte Touche Tohmatsu Ltd. warned in a recent report. “Malicious viruses, like Stuxnet, explicitly target critical systems that control pumps, motors, valves and programmable logic controllers,” Deloitte warned in […]
By Canadian Underwriter | February 10, 2017
Global cybersecurity company Kaspersky Lab has reported that it has found “invisible” cyberattacks in 40 countries, attacks that are using only legitimate software. The series of targeted attacks use “widely available penetration-testing and administration tools, as well as the PowerShell framework for task automation in Windows – dropping no malware files onto the hard drive, […]
The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers about a mail scam conducted involving an unlicensed insurance company called TD Insurance, Melohre Mannex. “Although this company may have a similar name to a licensed insurance company, they are not registered or affiliated with FSCO or the Registered Insurance Brokers of Ontario […]
Assessing the threat and understanding the consequences of cyber breaches
By Emily Atkins, Editor | February 10, 2017
8 min read
The Supreme Court of Canada decision in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co. has created an exception to the principle outlined in Sattva Capital Corp. v. Creston Moly Corp. and may lead to an increase in insurance litigation.
By Michael S. Teitelbaum, partner; and Tara Chown, student-at-law, Hughes Amys LLP | February 10, 2017
10 min read
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