Claims

Insured losses from Colorado Springs “hail bomb” storm estimated at US$352.8 million Insured losses from Colorado Springs “hail bomb” storm estimated at US$352.8 million Image

Claims

Insured losses from Colorado Springs “hail bomb” storm estimated at US$352.8 million

A late July hailstorm that pelted the Colorado Springs area with golf- and tennis ball-sized hail cost an estimated US$352.8 million in insured losses, according to the non-profit Rocky Mountain Insurance Information Association (RMIIA), an organization affiliated with the Insurance Information Institute. Thousands of Colorado Springs residents have spent the past several weeks cleaning up […]

By Canadian Underwriter | August 23, 2016

2 min read

California firefighters stretched thin as blazes sweep state California firefighters stretched thin as blazes sweep state Image

Claims

California firefighters stretched thin as blazes sweep state

SACRAMENTO, Calif. – California’s state fire department is stretched thin just as the bone-dry state enters the peak of its wildfire season, with vacancy rates exceeding 15 per cent for some firefighters and supervisors. The vacancy rate is more than 10 per cent for some fire engine drivers, according to statistics provided to The Associated […]

By Jason Contant | August 23, 2016

4 min read

Court of Appeal for Ontario clears way for misrepresentation lawsuit against directors and officers arising from take-over bid circulars Court of Appeal for Ontario clears way for misrepresentation lawsuit against directors and officers arising from take-over bid circulars Image

Claims

Court of Appeal for Ontario clears way for misrepresentation lawsuit against directors and officers arising from take-over bid circulars

Shareholders alleging that an offeror made a misrepresentation in a take-over bid circular can – in Ontario – sue both the offeror and the offeror’s directors and signatories personally, rather than having to choose to sue one or the other, the province’s appeal court suggested in a recent decision. In a decision released Aug. 17, […]

By Canadian Underwriter | August 23, 2016

5 min read

Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study Image

Claims

Fears of further personal information exposure following cyberattack would prevent some consumers from shopping at breached retailer: study

Fears of further exposure of personal information following a cyberattack would prevent 33% of consumers from shopping at a breached retailer for at least three months, according to a recent survey from KPMG LLP, the audit, tax and advisory firm. Consumers are wary of the increased frequency of cyberattacks against retailers and many are ready […]

By Canadian Underwriter | August 23, 2016

3 min read