Claims
FM Global is looking to bolster its expertise in first-party cyber solutions for the benefit of its mutual policyholders with its move to form integrated engineering and underwriting units dedicated to doing just that. The move seeks to address the growing cyber-related concerns of businesses, notes a statement last week from FM Global, one of […]
By Canadian Underwriter | September 26, 2016
2 min read
The Institute for Catastrophic Loss Reduction (ICLR) will be holding a webinar workshop on the challenges in understanding and projecting precipitation extremes. The webinar, part of the ICLR’s Friday Forum series, will be held on Friday, Oct. 14 from 10 a.m. to 11:30 a.m. EST. It will feature Dr. Francis Zwiers, director of the Pacific […]
A 4.8 magnitude earthquake that “rattled residents” and damaged buildings in East Texas in 2012 was triggered by the injection of large volumes of wastewater from oil and gas activities into rocks deep beneath the surface, confirmed a new satellite study. The study, titled Surface uplift and time-dependent seismic hazard due to fluid injection in […]
4 min read
The federal government is investing more than $400,000 to support the Canadian Federation of Agriculture’s (CFA) efforts to introduce a new accounts receivable insurance tool for farmers. CFA’s two-year pilot project addresses a gap in the agriculture sector for individual transaction accounts receivable insurance, notes a statement Friday from Agriculture and Agri-Food Canada. Accounts receivable […]
SHAMATTAWA, Man. – A fire that destroyed the only food store on a remote northern Manitoba reserve was set by six children, five of whom are under 12, RCMP said Friday. The community of 1,500 was left without supplies or emergency services when the blaze erupted Thursday afternoon, gutting the Northern store as well as […]
By The Canadian Press | September 23, 2016
The Insurance Bureau of Canada (IBC) is applauding the Government of Ontario for “continuing to make auto insurance reforms a priority” as the government released mid-point mandate letters for all Cabinet Ministers. One of the key items in Minister of Finance Charles Sousa’s mandate letter is to continue to work with Ontario’s Advisor on Auto […]
By Canadian Underwriter | September 23, 2016
Just days after the Alberta government announced a task force to provide recommendations on climate technology to help transition to a lower-carbon economy, it has appointed a three-member expert panel to meet with those affected by the transition away from coal-fired electricity generation. The panel will meet with community, labour and industry leaders in regions […]
3 min read
Ironshore Inc. has introduced a crisis management endorsement for all in-force, stand-alone Terrorism policies as an automatic extension so that insureds can access crisis response specialists following an act of terrorism or an active shooter event at an insured location within the United States. The crisis management coverage feature is as an extension of the […]
SAN FRANCISCO – Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed Thursday poses new headaches for Yahoo CEO Marissa Mayer as she scrambles to close a $4.8 billion sale to Verizon Communications. […]
By Jason Contant | September 23, 2016
The Federal Emergency Management Agency (FEMA) announced on Thursday its first-ever reinsurance agreement under the National Flood Insurance Program (NFIP). The agreement will allow the NFIP to share flood risk with private reinsurance companies to help defray the cost of claims from large and unexpected insured events, such as large hurricanes, ultimately strengthening the NFIP’s […]
By Canadian Underwriter | September 22, 2016
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