Claims
A ‘significant percentage’ of data breaches involve a loss or compromise of data in the hands of third-party vendors, and many technology vendor agreements cap those vendors’ liability to fees paid and leave customers on the hook for consequential, incidental and indirect damages, suggests a recent report released by Willis Towers Watson plc. London-based Willis […]
By Canadian Underwriter | December 21, 2016
3 min read
Saskatchewan Government Insurance (SGI) has reported that there were 279 impaired driving offences in November in the province. SGI and law enforcement across Saskatchewan focused on impaired driving in November, the province’s self-sustaining auto insurance fund said in a press release on Wednesday. Of the 279 impaired driving-related offences, 269 were Criminal Code of Canada […]
2 min read
Transport Canada announced on Wednesday that it has launched a number of initiatives aimed at drone safety, including a “new incident-reporting tool to keep Canadians safe from reckless drone use.” Kate Young, Member of Parliament for London West and parliamentary secretary to the Minister of Transport, on behalf of Minister Marc Garneau, outlined in a […]
4 min read
OKLAHOMA CITY – Oklahoma regulators said Tuesday that the number of induced earthquakes could increase as oil and gas production expands in a broad area of the state, and they’re telling energy companies that they need to be ready to shut down if a temblor exceeds magnitude 3.5. The Oklahoma Corporation Commission’s Oil and Gas […]
By Jason Contant | December 21, 2016
In a fire insurance claim, the courts recognize that “the need to rebuild premises which more closely resembled the original” is critical in triggering coverage for replacement value rather than actual cash value, Dutton Brock LLP suggested in a bulletin released Tuesday. On Dec. 6, the Court of Appeal for Ontario released a ruling in […]
By Canadian Underwriter | December 20, 2016
5 min read
The Institute for Catastrophic Loss Reduction (ICLR) has published a book addressing the risk to Canadians from extreme heat events. Cities to adapt to extreme heat: Celebrating local leadership profiles “20 of the many successful local projects underway or already completed in communities across the country that are adapting to better address the risks associated […]
VANCOUVER – A blanket of heavy, wet snow cut off power to thousands in British Columbia and caused commuter chaos in Metro Vancouver on Monday. The snowfall caused trees or branches to come down over power lines and at its peak, about 18,000 people were without power, most of them on the Lower Mainland and […]
By The Canadian Press | December 20, 2016
1 min read
Canada’s Competition Bureau said on Monday that a settlement agreement, if approved, would provide buyback and restitution payments to consumers in relation to Volkswagen and Audi’s “emissions scandal.” If approved by the courts, the settlement would be one of the largest consumer settlements in Canadian history at up to $2.1 billion, the Competition Bureau said […]
By Canadian Underwriter | December 19, 2016
British Columbia’s Ministry of Transportation and Infrastructure announced on Friday that it will use a heavy-lift helicopter to clear cables on the Alex Fraser bridge of ice and snow. Over the past couple of weeks, chunks of ice were reported to have fallen from Metro Vancouver’s bridges, including the Alex Fraser and Port Mann bridges, […]
The Manitoba Public Utilities Board (PUB) announced on Friday that it has approved a 3.7% “over-all” general rate increase for Basic compulsory motor vehicle premiums in the province, effective March 1, 2017. “The Board found that on the evidence before it, the Corporation has not met its onus of proving that the applied for rate […]
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