Claims
By 2020, half of all smart city objectives will include climate change, resilience and sustainability key performance indicators (KPIs), Gartner, Inc., the Stamford, Conn.-based information technology research and advisory company reported. Cities are defining new objectives and placing them into tangible programs, creating measurable outcomes that meet the targets agreed upon at the COP 21 […]
By Canadian Underwriter | November 10, 2016
3 min read
PORT ALBERNI, B.C. – Eleven families have been evacuated from the Tseshaht First Nation on Vancouver Island as the Somass River surges over its banks in low-lying areas west of Port Alberni, B.C. Rain warnings posted for the central Vancouver Island region were dropped late Tuesday, but Tseshaht emergency preparedness co-ordinator Hugh Braker says the […]
By The Canadian Press | November 9, 2016
2 min read
Hurricane Matthew, which swept through parts of the Caribbean and United States last month, is expected to cost up to US$15 billion to both economies, according to Aon Benfield’s latest Global Catastrophe Recap. Released on Wednesday, the report from Aon Benfield’s catastrophe model development team, Impact Forecasting, evaluates the impact of natural disaster events that […]
By Canadian Underwriter | November 9, 2016
OKLAHOMA CITY – Oklahoma regulators are ordering the shutdown of more disposal wells and restricting the volume of others near where a magnitude 5.0 earthquake struck. The plan released Tuesday by the Oklahoma Corporation Commission’s Oil and Gas Division requires seven wells within six miles of the epicenter to be shut down by Nov. 14. […]
By Jason Contant | November 9, 2016
1 min read
Current-year financial results for Canada’s property and casualty industry – which were once again strong in 2015 – are expected to take a hit in the wake of the Fort McMurray wildfire loss, notes a new report from A.M. Best. “The Canadian economy faced a number of headwinds during the first half of 2016, most […]
Ontario Premier Kathleen Wynne has announced that she intends to introduce legislation that, if passed, would give municipalities the power to introduce automated speed enforcement (ASE) technology in school and community safety zones. According to a press release issued on Tuesday by the Ministry of Transportation of Ontario (MTO), these legislative measures, announced by the […]
PORT ALBERNI, B.C. – The Tseshaht First Nation on central Vancouver Island says the Somass River rose rapidly Monday night and continues to swell today, threatening flooding in the community. Emergency Preparedness Co-ordinator Hugh Braker says residents have been warned to be ready to evacuate their homes. He says highways crews are posting signs warning […]
By The Canadian Press | November 8, 2016
Ratings firm A.M. Best Company continues to maintain a stable outlook for the Canadian property and casualty insurance industry, noting that it has “historically shown resilience and the ability to adapt when necessary.” A.M. Best’s stable outlook is based primarily on four factors: solid risk-adjusted capitalization; profitable operating performance; growing sophistication in underwriting technology; and […]
By Canadian Underwriter | November 8, 2016
4 min read
In a case arising from an injury on an all-terrain vehicle, an Ontario court recently ruled on the interrelationship between the Statutory Accident Benefits Schedule (SABS) and the system of determining priority disputes, between auto insurers, under the province’s Insurance Act. A woman who had an auto insurance policy with Unifund Assurance Company was injured, […]
5 min read
Canada’s new $1.5 billion national Oceans Protection Plan involves a raft of measures to help protect the country’s marine environment, including a pollution-pay approach with regard to abandoned, derelict and wrecked vessels The national plan was announced Monday in St. John’s and Halifax, respectively, by federal fisheries and oceans minister Dominic LeBlanc and environment and […]
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