Claims
Actions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While the earthquake that rumbled below Colorado’s eastern plains on May 31, 2014, did no major […]
By Canadian Underwriter | August 29, 2016
3 min read
SUMMERSIDE, P.E.I. – Fire officials are trying to determine the cause of a massive fire that destroyed a farm equipment dealership in Prince Edward Island. Workers had to be evacuated from Green Diamond Equipment in Summerside late Saturday morning as flames and smoke billowed from the building and ammunition inside detonated. Tina Sears, the company’s […]
By The Canadian Press | August 29, 2016
1 min read
The impact on Italian insurers from the earthquake that struck the central part of the country is likely to be limited, ratings firm Fitch Ratings said on Friday. Fitch Ratings estimates insured losses of 100 million to 200 million euros, arising mainly from property lines. Insured losses are expected to be 40 million to 80 […]
2 min read
REGINA – The Saskatchewan government is developing a provincial flood and natural hazard risk assessment. Emergency management commissioner Duane McKay says risk assessments have been done in several areas of government and by municipalities, but acknowledges there’s no province-wide plan. “What we’re doing now is we’re bringing all of this together to do a comprehensive […]
By The Canadian Press | August 28, 2016
MCADAM, N.B. – The cause of more than 100 earthquakes that shook homes and rattled nerves in a New Brunswick village earlier this year may remain a mystery, says a seismologist. Stephen Halchuk at Earthquakes Canada said the kind of earthquake swarm that began rumbling under the village of McAdam in February is unusual but […]
By Canadian Underwriter | August 26, 2016
Saskatchewan Government Insurance (SGI) announced on Thursday that law enforcement officers in the province issued more than 5,000 speeding or aggressive driving-related tickets last month. July’s traffic safety spotlight focused on work zones and aggressive driving, SGI, the province’s self-sustaining auto insurance fund, said in a press release. In total, law enforcement issued 113 tickets […]
Saskatchewan’s Environmental Management and Protection Act does not provide for an “independent adjudicative tribunal” that could “balance the public interests against individual rights,” a Court of Queen’s Bench judge suggested in a recent decision. The EMPA gives the province the power to issue cleanup orders. Failure to comply can result in a three-year prison sentence […]
4 min read
The recent earthquakes in Italy and Myanmar are a warning to homeowners and business owners in regions that may also be at risk to consider purchasing earthquake insurance, notes the Insurance Information Institute (I.I.I.). Just 10% of homeowners in the U.S. have insurance coverage for earthquake-caused property damage, notes a statement from I.I.I., which is based in […]
HOUSTON – An attorney on Thursday asked a jury to award a Texas family more than $14.5 million for a 2011 fatal accident that they allege was caused by a faulty ignition switch that has been part of a massive recall by General Motors Co. Zachary Stevens and his parents had sued GM, claiming an […]
By Canadian Underwriter | August 25, 2016
AMATRICE, Italy -Rescue crews aided by sniffer dogs dug through crumbled homes Thursday looking for earthquake survivors as Italy again anguished over how to secure its ancient towns and modern cities from the country’s highly seismic terrain. After a night of uninterrupted, flood-lit search efforts, firefighters and rescue crews worked in teams around the hard-hit […]
5 min read
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