Claims
All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new report from the Intact Centre on Climate Adaptation at the University of Waterloo. Flood preparedness […]
By Canadian Underwriter | October 31, 2016
6 min read
VISSO, Italy – Officials in central Italy began early Thursday to assess the damage caused by a pair of strong earthquakes in the same region of central Italy hit by a deadly quake in August, as an appeal went out for temporary housing adequate for the cold mountain temperatures. Thousands of people spent the night […]
By Jason Contant | October 28, 2016
4 min read
The ravages of Hurricane Matthew are prompting businesses to rethink their natural hazards preparedness, with more than one out of four surveyed employees in the stricken region saying they believe their companies will increase investment in the area. The survey, focusing on the hurricane’s business impact was released on Friday by FM Global, one of […]
By Canadian Underwriter | October 28, 2016
2 min read
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop in late November on a basement flooding mitigation program in Ontario’s Halton Region. Recovering from the Flood: Halton’s Basement Flooding Mitigation Program will be held on Friday, Nov. 25 in the ICLR’s boardroom at 20 Richmond St. E., Suite 210, in Toronto. The […]
The Co-operators General Insurance Company posted $16.3 million in consolidated net income for 2016 Q3 compared to a net loss of $21.4 million in the prior-year quarter. “During the quarter, there were no material changes to the company’s estimated net losses for the Fort McMurray wildfires,” notes a statement from The Co-operators. For the first […]
PHILADELPHIA – Amtrak will pay $265 million to settle claims related to a crash last year that killed eight people and injured more than 200 others when a speeding train derailed on a curve. The settlement allows victims to have their awards in hand by June instead of waiting years for lawsuits to play out, […]
By Jason Contant | October 27, 2016
3 min read
Homeowner claims in the United States continue to decrease and loss costs are flat or on the decline, according to a new report from LexisNexis Risk Solutions. 2016 LexisNexis Home Trends Report, the inaugural study of home insurance trends released on Wednesday, is the first in a series of research reports identifying key insurance industry […]
By Canadian Underwriter | October 27, 2016
The Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first three quarters of 2015. The decrease was “due to a higher number of natural catastrophes […]
CALGARY – Oilsands producers are expected to report back-to-business third-quarter results over the next few days as they shrug off lingering impacts of last May’s devastating wildfires in Fort McMurray, Alta. While provincial estimates report that Alberta oilsands production dropped by about one million barrels per day in May and by about 700,000 bpd in […]
By Jason Contant | October 26, 2016
The people component of privacy breaches is critically important, demanding greater focus going forward in light of an environment where both related individual and class actions are on the rise, Patrick Hawkins, a partner with Borden Ladner Gervais LLP suggested during an industry event in downtown Toronto Tuesday. “Cyber security is technology’s processes and practices,” […]
By Angela Stelmakowich | October 26, 2016
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