Claims
Archway Insurance has enhanced its commitment to Nova Scotia’s Cumberland County, where its head office is located, with the purchase of Springhill-based H.S. Terris Insurance. Effective Nov. 1, Amherst, N.S.-based brokerage announced Monday, the acquisition will build on its presence in the region, which it entered in 2015. At that time, Archway Insurance – an […]
By Canadian Underwriter | October 24, 2016
2 min read
LONDON – Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the East Coast of the United States Friday, according to analysts and company officials. Manchester, New Hampshire-based Dyn, Inc. said its server infrastructure was being hit by a distributed denial-of-service attacks, which work by overwhelming targeted machines with junk […]
By Jason Contant | October 21, 2016
MONTREAL – Canadian Pacific Railway is directly responsible for damages caused when a runaway train carrying crude oil derailed in 2013 in Lac-Mégantic, according to new allegations recently filed in court by the Quebec government. The railroad was responsible for the crude oil from the moment it picked up the shipment in the United States […]
3 min read
RMS has estimated Hurricane Matthew will produce insured losses of US$1.5 billion to US$5 billion for the United States and US$1 billion to US$3 billion in the Caribbean, making it the reinsurance industry’s costliest Atlantic hurricane since Sandy four years ago. Only one of 10 RMS event reconstructions generated a U.S. loss in excess of […]
By Canadian Underwriter | October 21, 2016
The Great British Columbia ShakeOut is clearly gaining more traction, with a record 800,000 British Columbians registering for today’s “Drop, Cover and Hold On” drill, joining almost 41.5 million others around the world. “This year, we saw the largest number of British Columbians take part, with registration growing more than 300,000 since launching the drill […]
By Canadian Underwriter | October 20, 2016
Piracy activity in Southeast Asia and the East Africa and Indian Ocean High Risk Area (HRA) during 2016 Q3 declined compared to Q2, but a high threat of crew kidnapping and hijacking remains in Southeast Asia and West Africa, NYA International reports. As reported in its Q3 2016 Piracy Assessment Thursday, the specialist crisis prevention […]
The month of September 2016 ranked as the second warmest September on record, but not enough to continue the recent 16-month streak of record warmth, the National Oceanic and Atmospheric Administration (NOAA) in the United States has reported. August’s warmth spread into September, contributing to the warmest year to date for the globe, NOAA said in a […]
LONDON – The world should brace itself for more physically destructive hacks, two senior cybersecurity officials said Wednesday, warning that a more dangerous era of hacking was already upon us. Paul Chichester, the director of operations at Britain’s new National Cyber Security Centre, told an event hosted by British defence think-tank RUSI that electronic intrusions […]
By Jason Contant | October 20, 2016
More investment and co-ordination is needed if Ontario – which offers strengths in financial services and technology – is to realize its potential to assume a more dominant leadership role in cyber security, notes a new report issued Thursday. Commissioned by the Ontario Centres of Excellence (OCE) and the Toronto Financial Services Alliance (TFSA), Harnessing […]
By Canadian Underwriter | October 19, 2016
5 min read
BELLA BELLA, B.C. – Salvage crews have removed more than 23,000 litres of diesel from a sunken tug on British Columbia’s central coast in the latest effort to avert an environmental disaster near the Great Bear Rainforest. A second attempt to empty more than 200,000 litres of fuel from the Nathan E. Stewart began late […]
By The Canadian Press | October 18, 2016
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