Claims
More than one in three global organizations (36%) experienced economic crime in the last two years, with cybercrime affecting almost a third (32%), the highest ever level in PwC’s biennial Global Economic Crime Survey. The PwC Global Economic Crime Survey 2016 involved interviews of over 6,000 participants in 115 countries, including those in North America […]
By Canadian Underwriter | February 29, 2016
3 min read
WINNIPEG – Manitoba says most of the province is at a relatively low risk for serious flooding this year but officials say that could change with heavy precipitation or a quick spring melt. Flood forecaster Fisaha Unduche with Manitoba Infrastructure and Transportation says there is less frost in the soil, which means the ground can […]
2 min read
Boards and executive teams must develop a much stronger context for risks that may seem to be safely over the horizon if they are to avoid being blindsided by unwelcome surprises, notes a new paper from Marsh & McLennan Companies’ (MMC) Global Risk Center. By focusing on what is readily predictable and controllable, many companies […]
WAVERLY, Va. – Tornadoes tore through towns as far north as Pennsylvania, heavy snow cancelled hundreds of flights in the Midwest and power outages left tens of thousands of residents from the Carolinas to New England in the dark as severe weather raked across a broad swath of the country for a third day. The […]
By Canadian Underwriter | February 26, 2016
5 min read
Crop producers in Saskatchewan will have access to the highest coverage in program history, the federal Agriculture and Agri-Food Minister Lawrence MacAulay and Saskatchewan Agriculture Minister Lyle Stewart said on Thursday. The ministers announced the details of the 2016 Crop Insurance Program as well as expanded options for growing fababeans, Khorasan wheat and forage. The […]
The province of Alberta has announced nearly $25 million in grants to local governments for several flood mitigation projects that will “protect families, businesses and Alberta’s economy from the threat of natural disasters.” The grants, announced in Calgary on Friday, are under the Alberta Community Resilience Program (ACRP). They include nearly $25 million for five […]
Insurance rates have increased due to climate change, and the money the Ontario government will raise from an emissions allowance auction will be spent on efforts to reduce greenhouse gas emission, Finance Minister Charles Sousa suggested Thursday. In its budget document for 2016-17, released Thursday, the Ontario government notes that climate change has “increased insurance […]
4 min read
PEMBERTON, B.C. – The owner of a vehicle that allegedly struck and killed two cyclists out for a weekend ride north of Whistler, B.C., denies having given the driver permission to use her car. Carmen Ned has filed a response to a civil suit in B.C. Supreme Court saying she gave neither express nor implied […]
By The Canadian Press | February 26, 2016
1 min read
A recent report on the financial cost to the federal government of natural disasters, linked to climate change, is “an affirmation of our research at Insurance Bureau of Canada,” said the IBC’s vice president of federal affairs, Craig Stewart, on Thursday. Also on Thursday, the Parliamentary Budget Officer (PBO) released a report estimating that the […]
Gore Mutual Insurance Company announced on Thursday that it is expanding its water damage coverage with a new combined overland water and sewer backup product called WaterEscape Plus. The coverage is available as an endorsement to all eligible Ontario personal property insurance policies that have sewer backup protection in place effective March 1, Gore Mutual […]
By Canadian Underwriter | February 25, 2016
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