Claims
Employees need to become advocates of cyber security to reduce associated risks and help better protect the businesses for which they work, suggests Joe Ferrara, president and CEO of Pittsburgh-based Wombat Security Technologies. “Security awareness training has become a business-critical activity, and it’s more important than ever to have employees become advocates of cyber security. […]
By Canadian Underwriter | May 27, 2016
3 min read
FREDERICTON – New Brunswick’s energy minister says his government’s moratorium on hydraulic fracturing will continue indefinitely. Donald Arseneault was responding to a report from the commission on hydraulic fracturing which was released in February. He says his government made it clear that it would not allow fracking to go forward unless five conditions were met. […]
By The Canadian Press | May 27, 2016
1 min read
There is a need to formalize the role that government can play in helping to manage the financial impact of a “mega cat,” speakers suggested on Wednesday at the Canadian Insurance Financial Forum (CIFF) in Toronto. “We are well-capitalized for a big event, the question is, is it enough?” asked Lapo Calamai, director of catastrophic […]
By Jason Contant | May 27, 2016
4 min read
CHAPMAN, Kan. – Kansans cleaned up from a series of tornadoes Thursday, including a monster storm that rumbled across the landscape for 90 minutes, while forecasters warned that the state would likely see more bad weather later in the day. A storm near Chapman, 140 miles west of Kansas City, Kansas, was on the ground […]
By Jason Contant | May 26, 2016
2 min read
Canada’s highest court announced Thursday it will not hear an appeal from a Scarborough, Ont. industrial property owner who lost a lawsuit from a neighbouring property owner arising from environmental contamination. In a ruling released Nov. 27, 2015, the Court of Appeal for Ontario ruled that a court can award damages, for remediation of a […]
By Canadian Underwriter | May 26, 2016
5 min read
Verisk Insurance Solutions announced on Thursday that it is expanding its FireLine wildfire risk management service to include the provinces of Alberta and British Columbia. FireLine, which is well-established in the western United States, enables property-specific assessment of wildfire risk that insurers use for underwriting, rating and exposure management purposes, Verisk Insurance Solutions explained in […]
TORONTO – Ontario plans to spend up to $100 million over four years to support the introduction of so-called renewable natural gas to help battle climate change. Methane released from landfills, residential green bins, manure, sewage treatment plants and waste from food and beverage manufacturing can be recovered, cleaned and directly substituted for conventional natural […]
By The Canadian Press | May 26, 2016
The 2016 wildfire season in Canada has already greatly surpassed the average hectares burned in recent years, even excluding the massive Fort McMurray wildfire, attendees to the 2016 Canadian Insurance Financial Forum (CIFF) heard on Wednesday. Carolyn Rennie, managing director of Catastrophe Indices and Quantification Inc. (CatIQ), told conference attendees that as of May 23, […]
The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI) reporting it expects the final repair bill for the events will reach £1.3 billion. The […]
EDMONTON – Premier Rachel Notley is dismissing opposition accusations that her NDP government’s carbon tax bill contains invasive and arbitrary rules on search and seizure. Notley told the house Wednesday that Bill 20 contains rules surrounding search warrants that are commonplace in Canada, and she accused the Wildrose party of fomenting fear. “The opposition is […]
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