Claims
SAN BERNARDINO, Calif. – Lisa Gregory has kept a close eye on the weather since fleeing her home in the woods as a wildfire advanced in Southern California. She doesn’t know when she can return or whether her house was still standing. The uncertainty “is an awful feeling,” Gregory said as she lounged in a […]
By Jason Contant | August 20, 2016
3 min read
Three years after the Ontario government mandated automatic sprinklers in retirement homes and other facilities housing vulnerable people within five years, the province’s community and social services ministry announced Thursday it will provide $6.5 million to more than 130 facilities to improve fire safety. “Across Ontario, more than 130 facilities from over 40 agencies will […]
By Canadian Underwriter | August 19, 2016
Flooding in Louisiana is “one of the most significant U.S. natural disasters, let alone flood events, since Superstorm Sandy” in 2012, Risk Management Solutions, Inc. (RMS) said on Friday. Heavy rainfall since Friday, Aug. 12 has caused widespread riverine flooding across Louisiana, with large parts of southeastern Louisiana receiving more than 10 inches of rain […]
A $5.4-million lawsuit – initially filed against four Canadian banks – arising from fraudulent cheques requisitioned by the plaintiff’s employee, will be heard by the Supreme Court of Canada. Canada’s highest court announced Thursday it granted leave to appeal to Teva Canada Ltd., a manufacturer of generic pharmaceuticals. Teva is out about $5.4 million after […]
6 min read
The number of active malware families attacking business networks fell by 5% in July – representing the first such decrease in four months – while mobile variants rose, notes new threat research from Check Point Software Technologies Ltd. Check Point detected 2,300 unique and active malware families attacking business networks in July, the largest network […]
2 min read
Saskatchewan Government Insurance (SGI) will have in place facial recognition software when issuing driver licences and photo identification cards come Aug. 24, a move the insurer maintains will help combat fraud and bolster road safety. Customers will not notice anything different with the adoption of facial recognition – something already in place in most other […]
By Canadian Underwriter | August 18, 2016
Total economic losses from disaster events in the first half of the year rose by 38% to US$71 billion from the same time last year, primarily due to natural catastrophes, according to preliminary sigma estimates from Swiss Re. Of the total economic losses from natural catastrophes and man-made disasters, the global insurance industry covered a […]
SAN BERNARDINO, Calif. (AP) — A wildfire with a ferocity never seen before by veteran California firefighters raced up and down canyon hillsides, instantly engulfing homes and forcing thousands of people to flee, some running for their lives just ahead of the flames. By Wednesday, a day after it ignited in brush left tinder-dry by […]
By Steve Wilson | August 17, 2016
5 min read
July 2016 was the hottest month on record for the globe, breaking last year’s record for the warmest July on record by 0.11 degrees Fahrenheit, the National Oceanic and Atmospheric Administration (NOAA) reported on Wednesday. Last month was 1.57 degrees F above the 20th century average, according to scientists from NOAA’s National Centers for Environmental […]
By Canadian Underwriter | August 17, 2016
American International Group, Inc. has entered into an agreement to sell its 100% interest in United Guaranty Corporation (UGC) to Arch Capital Group Ltd. for US$3.4 billion, a move in line with AIG’s continuing efforts to streamline operations and better position the company to invest in talent and technology. The US$3.4 billion consists of US$2.2 […]
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