Claims
Fort McMurray evacuees eager for a look at how their neighbourhoods fared during a recent forest fire have a new tool – Google. The California-based Internet giant is offering a bird’s-eye view of the city taken from satellite imagery on May 5. It clearly shows which streets of the city suffered most from the fire, […]
By The Canadian Press | May 14, 2016
2 min read
Toronto-headquartered credit rating firm DBRS Limited has estimated that the total claim costs for the Fort McMurray wildfire will likely be in the range of $2 billion to $6 billion. DBRS said in a briefing on Friday that it is still premature to obtain accurate claim estimates as access to Fort McMurray is restricted. However, […]
By Canadian Underwriter | May 13, 2016
CALGARY – Construction and cleanup firms are already mobilizing to help rebuild Fort McMurray, Alta., after the wildfires, a monumental effort that’s expected to take years. Ben Dutton at the Casman Group of Companies says he has crews heading up to the major oilsands sites north of the city to help clean up and get […]
By Jason Contant | May 13, 2016
4 min read
TORONTO – The Ontario Chamber of Commerce is urging the provincial government to delay the implementation of its cap-and-trade plan for one year, saying key questions remain unanswered. The plan to reduce greenhouse gas emissions is set to take effect next year, but Ontario’s Liberal government has not released an analysis of the economic impact […]
By Greg Meckbach | May 13, 2016
3 min read
FORT MCMURRAY, Alta. — The Canadian Nuclear Safety Commission is sending specialists to Fort McMurray to help emergency crews check out radiological devices that may have been affected by the wildfire. The equipment – which includes radiography cameras used to check welding work and portable gauges to measure density of roadways – is all in […]
The reduced accident benefits under Ontario’s auto reforms may prove a shock to drivers with non-catastrophic injuries, but perhaps should also elicit concern over the potential for treatment to come second to attendant care, suggests Daniel Strigberger, a lawyer with Samis+Company. “We’re accustomed to a certain system whereby when you get into an accident that […]
By Jason Contant | May 12, 2016
The province of British Columbia has announced nearly $300,000 in funding to help the province’s capacity and capabilities to mitigate and manage emergencies. B.C.’s Ministry of Transportation and Infrastructure said in a press release on Thursday that the one-time funding projects were made possible through Emergency Management BC’s operating budget and efficiencies realized in 2015-16 […]
By Canadian Underwriter | May 12, 2016
Public Safety and Emergency Preparedness Canada has launched its second call for proposals for the National Disaster Mitigation Program (NDMP). The NDMP aims to reduce the impacts of natural disasters on Canadians by focusing investments on significant, recurring flood risk and costs; and by advancing work to facilitate private residential insurance for overland flooding. The […]
1 min read
For the second time in three weeks, the Supreme Court of Canada announced it is not hearing an appeal – from a plaintiff suing an insurer for breach of contract – of a ruling significantly reducing punitive damages against a carrier found to have breached its duty of good faith. Canada’s highest court announced Thursday […]
5 min read
OTTAWA – The effects of the enormous Alberta wildfire on the ever-crucial oil sector have prompted forecasters to trim their 2016 economic growth predictions for the entire country. Experts, including those from several big banks, have shaved their outlooks in recent days following the huge blaze that tore through Fort McMurray – the heart of […]
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