Claims
EDMONTON – Details of who pays what when Alberta brings in a new $3-billion a year carbon tax are to be released in the upcoming legislature session, says government house leader Brian Mason. Mason said the session, which begins Tuesday, is to see the government bring forward legislation as the next step toward implementing the […]
By Canadian Underwriter | March 7, 2016
3 min read
SACRAMENTO, Calif. – A woman died in Northern California after being trapped in a car that became submerged in floodwater on a section of highway that was closed amid heavy rain, authorities said Sunday. The casualty was reported after a storm that rolled across California on Saturday led to the evacuations and rescues in some […]
4 min read
A bill proposing to introduce home inspectors’ licensing in Ontario – and to provide for regulations mandating liability insurance – was recently referred to a committee of the legislature. If Bill 165, the Licensed Home Inspectors Act, is passed into law, it would be illegal to perform a home inspection in Ontario without a license. […]
The Financial Services Commission of Ontario (FSCO) is warning consumers about a mail scam conducted by an unlicensed company, Onward Assurance Financial Services. This company has issued notices advising recipients that they are among the winners of a U.S. Telecommunication Lottery Sweepstakes Draw or Home Phone Mega Raffle, FSCO said in a press release last […]
2 min read
Unprecedented planning and co-ordinated efforts by state and local authorities, law enforcement and the insurance industry provided the means to protect the public from fly-by-night contractors, suggests the National Insurance Crime Bureau (NICB). “Preparation in advance of the F-5 tornado that devastated the City of Moore and surrounding areas in May 2013 resulted in a […]
PERILS AG has revised its estimate of the property insurance market loss from United Kingdom storm Desmond to 662 million pounds, down 55 million pounds from the original loss estimate of 717 pounds. Zurich-based PERILS, an industry initiative aimed at improving the availability of catastrophe insurance market data, disclosed its second loss estimate on Friday. […]
By Canadian Underwriter | March 4, 2016
The city of Mississauga, Ont. has passed a motion directing transportation network companies (TNCs) to suspend operations in the city as a review continues of companies operating illegally. At this week’s general committee meeting, city council passed a motion directing TNCs and drivers to suspend operation within Mississauga until amendments are made to the Public […]
For the first time since XL Group plc’s acquisition of Catlin Group Limited, XL Catlin has utilized the 144A cat bond market as part of catastrophe bond Galileo Re Ltd., which provides aggregate protection against, among other things, earthquakes affecting Canada. On Thursday, GC Securities, a division of MMC Securities LLC, announced the placement of […]
VANCOUVER – A British Columbia judge has awarded a woman who “experienced the wrath” of the province’s insurance corporation nearly $400,000. Supreme Court Justice Susan Griffin said in a written decision released Wednesday that the Insurance Corporation of British Columbia and one of its investigators are liable for malicious prosecution, and that their conduct in […]
By The Canadian Press | March 3, 2016
The Insurance Corporation of British Columbia (ICBC) announced on Thursday that it has launched a new online tool that allows customers to now request their driving records online and immediately receive them by email. In 2015, ICBC customers requested more than half a million driver’s abstracts and nearly 97,000 insurance and claims history reports, ICBC […]
By Canadian Underwriter | March 3, 2016
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
