Claims
The Calgary Police Service (CPS) Arson Unit announced on Tuesday that a father and son have been charged in connection with the arson of their own business. At approximately 2:25 a.m., on Thursday, Sept. 6, 2015, an alarm was triggered at a business in the 6000 block of 6 Street S.E. in Calgary, CPS said […]
By Canadian Underwriter | April 13, 2016
1 min read
Fire crews in British Columbia are continuing their efforts to suppress a wildfire burning three kilometres south of the Nazko community, the province’s Ministry of Forests, Lands and Natural Resource Operations said on Tuesday. As of Tuesday, the Nazko fire was 60% contained by BC Wildfire Service crews, the ministry said in a media release. […]
2 min read
Market conditions are evolving in the directors’ and officers’ (D&O) liability insurance market in the United States, with merger and acquisition activity in 2015 facilitating greater market concentration, according to a new report from Fitch Ratings. The report, titled U.S. Directors and Officers Liability Insurance (Market Update 2015) and released on Tuesday, noted that pricing […]
Beazley plc announced Monday it has partnered with Munich Re’s corporate insurance partner to offer tailored cyber insurance. The products will provide coverage of up to US$100 million or 100 million euros, stated Beazley, which manages six syndicates in the Lloyd’s market. Coverage can be tailored to “include elements” for risks such as hacking or […]
A significant cyberattack across the United Kingdom’s critical national infrastructure could have “far-reaching and significant economic impacts” for Britain, according to a study carried out by the Cambridge Centre for Risk Studies. The report, titled Integrated Infrastructure: Cyber Resiliency in Society, was developed by the Cambridge Centre for Risk Studies, a multidisciplinary centre of excellence […]
By Canadian Underwriter | April 12, 2016
Due to significant improvements in drainage and flood protection, more than 53% of all properties in New Orleans were removed from special flood hazard areas and, as a result, will benefit from more affordable flood insurance, the mayor of the city said on Friday. Mayor Mitchell Landrieu joined U.S. Representative Cedric Richmond and members of […]
Just days after the York Regional Police (YRP) announced that they have laid charges in connection with an alleged staged collision in the Township of King, Ont., police said on Monday that they have charged a 36-year-old Vaughan man in connection with insurance fraud and are seeking additional victims. The YRP said in a press […]
SAN DIEGO – Those in insurance and risk management will need to readjust thinking from what has gone before to what could happen in future to get a firm grasp on the potential risk picture for 3D printing moving forward, Scott Klososky, a partner with consulting firm Future Point of View LLP, suggested Monday during […]
By Jason Contant | April 12, 2016
4 min read
BAY DE VERDE, N.L. – A small Newfoundland town declared a state of emergency Monday after a massive fire swept through a fish plant, dealing a devastating economic blow that will be felt as far away as Thailand. Gerard Murphy, mayor of Bay de Verde, invoked the emergency plan sometime after 6 a.m. when he […]
By Jason Contant | April 11, 2016
Canadian property and casualty insurers should “expand risk advisory capabilities” and prepare for the “next wave” of corporate mergers and acquisitions, Ernst & Young LLP suggested in a report released Monday. In its 2016 EY Canadian property and casualty insurance outlook, EY identified seven “external forces” that will shape the Canadian P&C industry this year, […]
By Canadian Underwriter | April 11, 2016
3 min read
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