Claims
MASHIKI, Japan — At least nine people have been killed and more than 800 injured by a magnitude 6.5 earthquake that toppled houses and buckled roads in southern Japan. With daybreak, the extent of the damage became apparent: collapsed buildings, streets warped by manholes pushed higher by the earth’s movement, an expressway crunched and buckled. The […]
By Greg Meckbach | April 15, 2016
3 min read
SANAA, Yemen — Heavy rainfall in several parts of Yemen has caused widespread flooding that killed at least 16 people and caused the collapse of small dams, including two in Hajja and Omran provinces north of the capital, Sanaa, security officials and the Interior Ministry said on Thursday. The ministry said the 16 were killed over […]
2 min read
The global insurance industry is a key actor in forging new instruments to anticipate and manage climate risks, and must continue to work with the United Nations to manage and reduce such risks, UN Secretary-General Ban Ki-moon said on Wednesday. Ban made his remarks at a high-level meeting on resilience with insurance industry leaders and […]
By Canadian Underwriter | April 14, 2016
Enterprise cloud adoption has matured in recent years, but employees using cloud apps continue to display “reckless technology habits” that put their employers at risk, according to a study released on Wednesday by a North American IT solutions and managed services provider. The study from Softchoice, titled (Still) Careless Users in the Cloud, found that […]
Sea level changes will vary greatly across Canada this century and beyond, and these changes, together with coastal erosion and storm surge flooding, represent key concerns for many areas, according to a report released earlier this week by Natural Resources Canada. Canada’s Marine Coasts in a Changing Climate, a Government of Canada scientific report released […]
The financial risk from an earthquake in Quebec is “a lot bigger than maybe people think,” a Munich Re Canada executive suggested Wednesday, while the head of Aon Benfield Canada suggested Canadians on the west coast “may be” underinsured for the same risk. “We need to create more awareness” on earthquake risk in Quebec, said […]
By Jason Contant | April 14, 2016
5 min read
DETROIT – About 85 million Takata air bag inflators that haven’t been recalled are inside cars and trucks now being driven in the U.S. and would have to be replaced if the company can’t prove they are safe, the government said Wednesday. The number would be in addition to the 28.8 million inflators already slated […]
4 min read
WASHINGTON – An unusual strain of virus-like hacker software that exploits computer server vulnerabilities – without requiring human interaction – is a leading example of a new generation of “ransomware,” according to a new report by Cisco Systems Inc. Hackers use such software to target large-scale networks and hold data hostage in exchange for bigger […]
By Jason Contant | April 13, 2016
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting two Forecast 2016 webinars in May – one on wildfires and the other on hurricanes. The wildfire webinar will be held on May 4 at 11 a.m. EST. It will summarize the current conditions in Canada and provide a forecast for the 2016 wildfire season, […]
By Canadian Underwriter | April 13, 2016
SAN DIEGO – Hacktivist-type attacks like those involving Sony Pictures Entertainment and Ashley Madison have gotten very personal and are coming at a time when cloud technology is transforming corporate networks, Brad Gow, senior vice president of Endurance Insurance, said during the 2016 RIMS Conference & Exhibition in San Diego. “This increased attention to cyber […]
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