Claims
Lost or stolen devices accounted for one in four breaches in the financial services sector in the United States, according to a recent study from Bitglass, a total data protection company based in Campbell, Calif. The Silicon Valley cloud access security broker firm said in its Financial Services Breach Report released last week that one […]
By Canadian Underwriter | September 1, 2016
2 min read
The August downpours that dumped more than 30 inches of rain in two days on parts on Louisiana have left as many as 100,000 insured cars and trucks damaged, the National Insurance Crime Bureau (NICB) in the United States said on Thursday. According to the Louisiana Office of Motor Vehicles, “the numbers are much higher […]
3 min read
BANNING, Calif. – A wildfire that tore through brush east of Los Angeles forced 700 people from their homes for several hours Tuesday and destroyed a small building, officials said. The fast-moving fire prompted the evacuations as it raced through 1.5 square miles of drought-dry hills near Banning, the Riverside County Fire Department said. It […]
By Jason Contant | August 31, 2016
Typhoon Lionrock has made landfall in Japan, bringing the intensity of a Category 1 hurricane with resulting landslides and flooding. The typhoon made landfall in the Tohoku region of Japan on Tuesday evening, near the city of Ofunato in Iwate Prefecture, catastrophe modelling firm AIR Worldwide said in a press release on Tuesday. With strong […]
By Canadian Underwriter | August 31, 2016
4 min read
The Ontario Provincial Police recently suggested that so far this year, it has investigated 38 road deaths in which a distracted driver was involved. “As of mid-August, the OPP has investigated 38 road deaths in which an inattentive driver was involved, compared to 19 deaths involving an impaired driver,” the OPP said Monday in a […]
The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the event estimate approximately 39,000 total claims, with an average payment of more than $120,000, PCS […]
The Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Prudential Financial Clearing Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication Lottery Sweepstakes Draw or Home Phone Mega Raffle, FSCO said in a public alert on […]
By Canadian Underwriter | August 30, 2016
Nearly 60,000 single-family homes in New Orleans with a reconstruction cost value (RCV) of more than US$12 billion will move out of Special Flood Hazard Areas (SFHAs), according to updated maps published by the Federal Emergency Management Agency (FEMA). Officially in effect on Sept. 30, the new maps will reflect current flood risk as a […]
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on sea level rise on Sept. 9. Titled Rising Sea Level is Not a Flooding Event, the workshop will be held between 10 a.m. and 11:30 a.m. EST at the ICLR’s Toronto office at 20 Richmond Street East, Suite 210. It will feature […]
A typhoon with wind gusts up to 210 kilometres per hour is expected to make landfall in Japan Tuesday night local time, Aon Benfield’s Impact Forecasting unit reported Monday. As of Monday morning, Typhoon Lionrock was about 570 kilometers south-southeast of Yokosuka, Japan, Impact Forecasting said in a cat alert. “Landfall is expected over northern […]
By Canadian Underwriter | August 29, 2016
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