Claims
The Supreme Court of Canada announced Friday it has ruled against the federal government on the question of whether lawyers’ accounting records are considered matters of solicitor-client privilege, for the purpose Canada Revenue Agency’s power to demand documents. Canada’s highest court has set aside a Federal Court of Appeal ruling, over an order made by […]
By Canadian Underwriter | June 3, 2016
7 min read
The Fort McMurray wildfire remains out of control, but has not seen any significant growth over the past 48 hours and is nearly 50% contained, the government of Alberta said in a statement on Thursday. It is estimated to cover 581,695 hectares, including the Saskatchewan side, with a new perimeter estimate of 984 kilometres, the […]
3 min read
PARIS – The swollen Seine River kept rising Friday, spilling into Paris streets and forcing one landmark after another to shut on Friday. Across the city, parks and cemeteries were being closed as the city braced for flooding that could take weeks to fully clear. The Seine, which officials said was at its highest level […]
By Jason Contant | June 3, 2016
Life-saving automated vehicle technology – some of which is now available and will certainly be part of semi-autonomous and autonomous vehicles – will likely become required in the future, Kate Browne, senior vice president and claims counsel for Swiss Re, suggested during ARC Group Canada’s annual seminar. “Basically, it’s going to be a moral imperative,” […]
By Angela Stelmakowich | June 3, 2016
5 min read
Variable speed signs are now active in three locations throughout the province of British Columbia as part of a project to help reduce the frequency and severity of weather-related crashes. B.C. Minister of Transportation and Infrastructure Todd Stone said on Thursday that the variable speed limit signs are now activated in the Coquihalla, Sea to […]
The massive Fort McMurray wildfire is expected to cost the Canadian insurance industry $4.6 billion, according to data from Property Claim Services (PCS), a Verisk Analytics business. The loss estimate of $4,630,800,000 includes property damage losses under residential, commercial and auto lines, as well as additional living expenses and business interruption losses amongst the categories […]
By Canadian Underwriter | June 2, 2016
Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, and provincial police will be focusing on new drivers during the month of June. SGI said in a statement issued Thursday that new drivers – considered to be young drivers or inexperienced drivers of any age – are the province-wide focus of this month’s traffic […]
2 min read
Trend Micro International has announced the availability of free tools that the company reports will help users and organizations fight back against the dangers posed by ransomware. “The risks and impact of ransomware threats to end-users, small and medium-sized businesses, and large organizations are more significant than ever,” Calvin Chan, technical manager at Trend Micro […]
Hurricane losses in the United States equal to at least 15% of industry aggregate surplus in 2016 would likely promote a shift toward positive pricing movement, although any upward movement would be dampened by existing underwriting capacity for primary and reinsurance property coverage, according to Fitch Ratings’ 2016 annual hurricane season reference report. “Meteorologists predict […]
FORT MCMURRAY, Alta. – Residents returning to their homes in Fort McMurray are tackling stinking refrigerators and grass grown tall and infested with dandelions as the fire-scarred city slowly springs back to life. A steady stream of traffic is moving into the northern Alberta oilsands hub as thousands who fled a wildfire a month ago […]
By Jason Contant | June 1, 2016
4 min read
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