Claims
The formation of a distinct pattern of sea surface temperatures in the middle of the North Pacific Ocean can predict an increased chance of summertime heat waves in the eastern half of the United States up to 50 days in advance, according to a new study. Published in the journal Nature Geoscience on Monday, the […]
By Canadian Underwriter | March 29, 2016
5 min read
New maps identifying potential ground-shaking hazards from both human-induced and natural earthquakes show there is potential for damaging shaking from induced seismicity for about 7 million who people live and work in areas of central and eastern United States (CEUS), reports the U.S. Geological Survey (USGS). “Within a few portions of the CEUS, the chance […]
4 min read
New Brunswick’s Department of Public Safety is warning about the potential for ice jams and associated flooding along the St. John River and other river systems in the province. The Department of Public Safety said in a bulletin on Monday that Environment Canada is forecasting “significant precipitation” across the province beginning this evening and continuing […]
By Canadian Underwriter | March 28, 2016
2 min read
SGI CANADA is warning consumers about a “mystery shopper” scam involving fraudulent cheques that appear to be issued by SGI CANADA. Targeted individuals receive a letter from a third party claiming to be contracted by, and on behalf of SGI CANADA. The letter and cheque are mailed to the individual’s home address with instructions to […]
1 min read
The federal government recently announced it intends to “clarify” the rules for calculating sales tax on reinsurance premiums in certain cases. In its 2016-17 budget document, the ruling Liberals propose “to clarify that two specific components of imported reinsurance services, ceding commissions and the margin for risk transfer, do not form part of the tax […]
3 min read
Less than half of British Columbians are supportive of the provincial government’s push for liquefied natural gas (LNG), and only 23% support the process of hydraulic fracturing, according to a poll released on Thursday by Insights West. Results are based on an online study conducted from March 16 to March 18, among 802 adult residents […]
KANSAS CITY, Mo. – Firefighters grappling with the biggest wildfire in Kansas history got a welcomed Easter assist from pre-dawn snowfall over the hardest-hit area, though the looming prospect of flame-fanning winds threatened to undermine the effort. The National Weather Service said about a half an inch (1.25 centimetres) of precipitation in the form of […]
By Jason Contant | March 28, 2016
The terrorism bomb blasts last week in Brussels “are a somber reminder of the difficulty of preventing attacks against transportation infrastructure such as airports and metro or bus stations,” notes catastrophe risk modelling company Risk Management Solutions (RMS). “As security at military bases, embassies and other government facilities increases, there has been a trend among […]
The province of British Columbia has announced $16.6 million in funding toward a flood mitigation project in Richmond that will upgrade multiple pump stations. Announced as part of public safety funding in the 2016 provincial budget, the $24.95-million project also includes $8.3 million from the City of Richmond, the provincial Ministry of Transportation and Infrastructure […]
By Canadian Underwriter | March 26, 2016
Lloyd’s of London, the world’s specialist market for insurance and reinsurance, announced on Wednesday a combined ratio of 90% for 2015, up from 88.4% in 2014. Lloyd’s also reported a pre-tax profit of 2.1 billion pounds for 2015, down from 3 billion pounds in 2014. Gross written premiums increased 6% to 26.7 billion pounds last […]
By Canadian Underwriter | March 24, 2016
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