Claims
The United States experienced 15 “weather and climate disasters” last year – each with losses exceeding US$1 billion – for a total of US$46 billion, the National Oceanic and Atmospheric Administration (NOAA) reported on Monday. The disasters, which included eight severe storms, four inland floods, one wildfire (affecting multiple areas), one drought (affecting multiple areas) […]
By Canadian Underwriter | January 9, 2017
3 min read
HALIFAX – Parts of Atlantic Canada were digging out Sunday after a winter storm dumped 35 centimetres of snow on some areas. Environment Canada says as much as 35 centimetres of snow fell over parts of Nova Scotia and P.E.I. overnight Saturday, while southeastern New Brunswick received about 25 centimetres. Many flights at Halifax Stanfield […]
By The Canadian Press | January 9, 2017
1 min read
The entry of third-party capital into the reinsurance market appears to be slowing down, while demands from reinsurers “for further concessions in terms” appear to be diminishing, A.M. Best Company Inc. suggested in a report released Friday. Oldwick, N.J.-based A.M. Best released its latest Review/Preview of Global Reinsurance in a report titled Restraint in a […]
By Canadian Underwriter | January 8, 2017
ATLANTA – Shoppers emptied shelves of bread and milk, road workers began working 12-hour shifts, and states of emergency were declared in Alabama, Georgia and the Carolinas ahead of a winter storm stalking the South. Winter storm warnings were issued for parts of Alabama and Georgia, including Atlanta, and into the Carolinas and part of […]
By Jason Contant | January 6, 2017
4 min read
Global businesses are not confident on how to protect themselves against threats like targeted cyberattacks and distributed denial of services (DDoS) attacks, according to new research from worldwide cybersecurity company Kaspersky Lab. Research from the Corporate IT Security Risks annual survey for 2016, conducted by Kaspersky Lab in cooperation with market research company B2B International, […]
By Canadian Underwriter | January 6, 2017
2 min read
EDMONTON – A University of Alberta student is facing numerous charges after a cyber-attack on university computers. The university says on Nov. 22 it found malware on 287 computers, which potentially affected more than 3,300 faculty, staff and students. It says it sent an email notification to those whose passwords were identified as potentially at […]
By The Canadian Press | January 6, 2017
Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the Greater Toronto Area contributed greatly to 2013’s then-record insurable damage, while 2016 was highlighted by […]
Top cyber threats in the coming year include nation state cyber espionage, a rise in data integrity attacks and more attacks harnessing Internet of Things (IoT) devices, Stroz Friedberg, an Aon company, notes in its 2017 Cybersecurity Predictions report. “We believe that the year 2017 will bring the intensification of longstanding trends that cyber security […]
By Canadian Underwriter | January 5, 2017
5 min read
WASHINGTON – A climatic quirk seems to be slightly shielding the U.S. coast during busy hurricane seasons, often weakening major storms just as they approach America’s beaches, a new study finds. That could help explain why it’s been more than 11 years since a major hurricane with winds of more than 110 mph has hit […]
By Jason Contant | January 5, 2017
Ontario’s York Regional Police (YRP) is reporting that while the number of charges for drug-impaired driving is down slightly for 2016 from the previous year, the number of incidents has risen “and the trend indicates continuing increases.” YRP – whose jurisdiction includes the communities of Aurora, Keswick, Mount Albert, Newmarket, Queensville, Schomberg, Gormley, Kleinburg, Maple, […]
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