Claims
Zurich Insurance Group plans to build on customer relationships, simplify the business and significantly reduce costs as part of its renewed focus on increasing business profitability and delivering high-quality earnings over the 2017-2019 period, the global insurer announced Thursday. “In the next three years, we will focus on execution to increase business profitability through delivering […]
By Canadian Underwriter | November 17, 2016
3 min read
The governments of Ontario, Quebec and California held a tri-lateral meeting on Wednesday to further efforts to reduce greenhouse gas (GHG) emissions while boosting economic growth by linking cap-and-trade programs and expanding carbon markets. Ontario’s Minister of the Environment and Climate Change Glen Murray was joined by Quebec Premier Philippe Couillard and California’s Secretary for […]
By Canadian Underwriter | November 16, 2016
2 min read
Pedestrian protection is the driving force behind a federal “quiet car” safety standard adopted by the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) that will require an audible alert on all newly manufactured light-duty hybrid vehicles (HVs) and electric vehicles (EVs). The new federal standard “will help pedestrians who are blind, have […]
Manitoba Health, Seniors and Active Living (MHSAL) has reported that a former health department employee inappropriately accessed the personal health information of 197 people, including names, addresses and dates of birth. MHSAL said on Monday that an internal investigation revealed the breach. The former employee did not have access to personal health information in provincial […]
TORONTO – Two gamblers who allege their privacy was breached are spearheading a proposed class action against an Ontario casino whose databases were hacked. In a notice of action, they also alleged Monday that Casino Rama, north of Toronto, unjustly enriched itself at the expense of the claimants. In the allegations contained in the notice, […]
By Jason Contant | November 15, 2016
The impact of extreme natural disasters is equivalent to a global US$520 billion loss in annual consumption, forcing some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) has found. “Severe climate shocks threaten to roll back decades of progress […]
By Canadian Underwriter | November 15, 2016
Powerful aftershocks have shaken New Zealand since a magnitude-7.8 earthquake struck South Island near Hanmer Springs at 12:02 a.m. local time on Nov. 14, some as strong as magnitude-6.5, AIR Worldwide said on Monday. Although damage has been relatively light, the catastrophe modelling firm said in a press release, many roads remain blocked from ground […]
4 min read
About $5.3 billion will be re-invested in Alberta’s economy over the next three years to rebuild Fort McMurray following the massive wildfire in May, according to a new Conference Board of Canada report on the economic impacts of Canada’s most costliest natural disaster. “A massive injection of funds from provincial and federal governments, insurance companies and private […]
The Insurance Bureau of Canada (IBC) is applauding the Ontario government’s decision to move forward with the creation of a new financial services regulator. On Monday, the government of Ontario announced in its 2016 Ontario Economic Outlook and Fiscal Review that it would introduce legislation to establish the initial parameters for the Financial Services Regulatory […]
A large earthquake along the San Andreas fault impacting both northern and southern California simultaneously – once considered impossible – could cause up to 126% more residential property damage than previously thought, according to a new data analysis from CoreLogic, Inc. The CoreLogic analysis is based on revised earthquake risk science from the Uniform California […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
