Claims
Data breaches know no boundaries when it comes to industry or size, with most surveyed organizations in the United States likely having experienced a breach, the majority of which are small and may go undetected for a long time, suggests a new report from information and research provider Advisen Ltd. Even when breaches are detected, […]
By Canadian Underwriter | March 15, 2016
3 min read
HATTIESBURG, Miss. — As the Leaf River rose north of Hattiesburg, Mississippi, 26-year-old Rebecca Bruce and her fiance grabbed what they could and left the shed where they live. The water was more than two feet deep indoors when they left, she said. “We lost everything,” Bruce said Saturday. “I’ve got a book bag full of […]
By Canadian Underwriter | March 14, 2016
The Supreme Court of Canada is scheduled to hear an appeal from a construction contractor arising from a disputed claim on a builder’s risk policy with a faulty workmanship exclusion, the highest court announced Friday. Ledcor Construction, a general contractor, was a named insured under a policy issued by Northbridge Insurance to Stations Lands Ltd., […]
6 min read
Transport Canada and Defence Research and Development Canada (DRDC) conducted an exercise in British Columbia this past weekend to shed light on how to improve Canada’s response capabilities and future training curriculum for emergency responders in the event of an incident involving a train carrying flammable liquids, such as crude oil. Exercise Vulcan – a […]
Heavy rainfall and flash flooding in Louisiana, Texas and Arkansas that began this week has inundated more than 200 homes, and led to more than 3,500 evacuations and hundreds of road closures, according to catastrophe risk modelling company Risk Management Solutions, Inc. (RMS). Jeff Waters, RMS’s manager of model product management, explained in a statement […]
By Canadian Underwriter | March 11, 2016
2 min read
It is now possible to estimate the influence of climate change on some types of extreme events, such as heat waves, drought and heavy precipitation, says a new report from the Washington, DC-based National Academies of Sciences, Engineering, and Medicine. The relatively new science of extreme event attribution has advanced rapidly in the past decade […]
The government of British Columbia has introduced legislative changes that, if passed, would result in “significantly increased ticket fines” for behaviour that contributes to increase wildfire risks. Proposed legislative amendments introduced on Thursday as part of the Forests, Lands and Natural Resource Operations Statutes Amendment Act (Bill 12) include provisions aimed specifically at people who […]
Farming operations handling fertilizers and pesticides could have “significant gaps” in insurance coverage due to pollution risk, Chubb Ltd. warned in a paper released Friday in the United States. “Typical agricultural policies provide only limited coverage in specific circumstances for pollution incidents,” Chubb said in a report, titled Agricultural Businesses Face Unrecognized Environmental Risks. “That […]
Two years after Ontario’s ruling Liberals pledged to “work with” the province’s municipalities on a “solution” to joint and several liability, a Progressive Conservative member of provincial parliament is taking the Attorney General to task for not changing the province’s negligence laws. On Feb. 27, 2014, the Ontario legislature passed a motion stating that the […]
4 min read
Breaches caused by either hacking or malware nearly doubled in relative frequency over the past year – from 32% of all incidents in 2015 from 18% in 2014, according to specialist and data breach response insurer Beazley. Earlier this week, the Beazley Breach Response (BBR) Services unit responded to 60% more data breaches in 2015 […]
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