Claims
A recent Ontario appeal court ruling exploring what limitation period applies to an insurer's duty to defend sheds light on an issue not yet comprehensively addressed in the province. When an insurer denies the duty to defend, this is considered a "loss" for the purpose of the triggering of a limitation period.
By Michael Teitelbaum, Partner, Hughes Amys LLP | June 1, 2016
8 min read
Using technology solutions during natural disasters is on the rise. The marked growth - as evidenced by tools both used and available in the devastating wildfires near Fort McMurray - looks poised to continue, with different options, more applications and enhanced information likely becoming a natural part of response. Technology being tablestakes may very well be key for the property and casualty industry to best serve and respond to customers in future.
By Angela Stelmakowich, Editor | June 1, 2016
17 min read
Ft. Worth, TX-based Interstate Restoration LLC announced on Wednesday that it has completed the acquisition of FirstOnSite Restoration G.P. Inc. in Canada. As a result of the transaction, Interstate Restoration becomes a company of US$300 million annual revenues, with nearly 1,250 employees operating in both countries. Both benchmarks establish Interstate Restoration as the second largest […]
By Canadian Underwriter | June 1, 2016
2 min read
More than 6.8 million homes on the Atlantic and Gulf coasts of the United States are at potential risk of damage from hurricane storm surge inundation, with a total reconstruction cost value of more than US$1.5 trillion, CoreLogic said on Wednesday. CoreLogic, a global property information, analytics and data-enabled services provider, examined risk from hurricane-driven […]
3 min read
RICHMOND, Texas – Residents of some rural southeastern Texas counties were bracing for more flooding Tuesday along a river that had reached a record-high crest just two years after it had run dry in places because of drought. The National Weather Service said the Brazos River crested at nearly 54 feet Tuesday in Fort Bend […]
By Jason Contant | May 31, 2016
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on extreme atmospheric peril events on Friday, June 17 in Toronto. The ICLR said that its next Friday Forum, titled What Would Happen if Extreme Atmospheric Peril Events Impact Canada? will be held in the organization’s boardroom at 20 Richmond Street East, Suite […]
By Canadian Underwriter | May 31, 2016
Amendments to health information privacy legislation in Saskatchewan will help protect personal health records and increase accountability of those responsible for protecting those records, Saskatchewan’s Ministry of Health said on Tuesday. Amendments to The Health Information Protection Act (HIPA) come into effect on Wednesday, the Ministry of Health said in a press release. Amendments include […]
Canada’s federal environment and climate change department “should work with partners” to figure out how to produce data used to measure intensity, duration and frequency of storms, and the National Research Council should “incorporate climate change trends” when developing structural design provisions in Canada’s model building code, environment and sustainable development commissioner Julie Gelfand suggested […]
4 min read
ST. JOHN’S, N.L. – There are too many unknown risks and data gaps to green-light fracking, says a government-appointed panel that studied hydraulic fracturing in western Newfoundland. In a report released Tuesday, it recommends that the province continue its freeze on fracking applications until risks and benefits are better understood. “The science, the studies that […]
To better understand and mitigate the impacts of flooding along the Fraser River and southern coast of British Columbia, the province announced on Monday that it is working collaboratively with all partners in the strategy and the Fraser Basin Council (FBC) by committing $1 million in funding. The funding will assist with implementation of Phase […]
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