Claims
Quebec’s Farm Income Stabilization Insurance, which protects producers against market and production cost fluctuations, is not actually a contract of insurance under the province’s Civil Code, the Supreme Court of Canada has ruled. Canada’s highest court released July 29 two companion decisions in favour of La Financière agricole du Québec. “The Farm Income Stabilization Insurance […]
By Canadian Underwriter | August 10, 2016
4 min read
LOS ANGELES – Led Zeppelin may have won the copyright war over its creation of “Stairway to Heaven,” but it lost its battle Monday to recoup nearly $800,000 in defence fees. Judge R. Gary Klausner ruled that the band’s songwriters, record label and associated companies were not entitled to legal fees and other costs because […]
By Jason Contant | August 10, 2016
2 min read
A severe summer storm that swept through southern Ontario during the second week of July has resulted in more than $30 million in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ, which delivers detailed analytical and meteorological information on Canadian natural and man-made catastrophes, released the insured damage amount on Wednesday in […]
Alberta’s Ministry of Economic Development and Trade announced on Tuesday that financial assistance for small businesses affected by the Fort McMurray wildfire will be available starting in September. Small businesses recovering from the wildfire will have access to two complementary recovery programs as they resume operations and support their employees, the ministry said in a […]
VANCOUVER – Drones are about to be added to the firefighting arsenal of the B.C. Wildfire Service. Spokeswoman Erin Catherall says the service has conducted two seasons of trials and is ready to put the remotely controlled aircraft to work. She says drones have already been an important part of the battle against recent wildfires […]
By The Canadian Press | August 9, 2016
Burlington, Ont. will serve as the pilot site for Intact Centre on Climate Change’s (ICCA) Home Adaptation Assessment Program (HAAP), meant to enhance homeowner awareness of how to reduce flood-related damage and limit the level of losses seen during events like the storm that hit the community two years ago. Burlington – the site of […]
By Canadian Underwriter | August 9, 2016
A wildfire in Nova Scotia’s Annapolis County has grown to about 240 hectares as weather continues to create “challenging conditions” for crews on site. The fire at Seven Mile Lake in Annapolis County, along with the Perch Lake fire in Pictou County, were not fully contained, with the latter at a size of about 10 […]
Munich Re reported Tuesday a 6.5-point deterioration in its Q2 combined ratio in property & casualty reinsurance, as the recent wildfires in Northern Alberta and the April earthquakes in Japan were among the natural catastrophes that contributed to the firm’s major loss expenditures of 542 million euros in the three months ending June 30. In […]
Worldwide spending on information security products and services will reach US$81.6 billion this year, an increase of 7.9% over 2015, according to the latest forecast from Gartner, Inc., an information technology research and advisory company based in Stamford, Conn. Consulting and IT outsourcing are currently the largest categories of spending on information security, Gartner said […]
WAYWAYSEECAPPO FIRST NATION, Man. – There were no reports of injuries but seven homes were damaged on a First Nation when a severe storm hit southern Manitoba on Monday. Environment Canada confirmed four tornadoes touched down in the region, including one that hit the Waywayseecappo First Nation in the late afternoon. Waywayseecappo Chief Murray Clearsky […]
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