Claims
OTTAWA – A report from the parliamentary budget officer predicts that storms and floods, driven in part by climate change, will cost the federal disaster fund $902 million a year over the next five years, well above past averages. It says climate change is likely a factor in the severity of disasters, especially when it […]
By The Canadian Press | February 25, 2016
1 min read
Don Forgeron, president and CEO of the Insurance Bureau of Canada (IBC), has called for a collaborative national flood program. IBC is proposing a framework for the financial management of flood risk, with shared responsibilities for the insurance industry, all tiers of government and consumers. Speaking at an Economic Club of Canada event in Halifax […]
By Canadian Underwriter | February 25, 2016
3 min read
The Institute for Catastrophic Loss Reduction (ICLR) will host a workshop on March 11 in Toronto on the topic of mapping extreme rainfall statistics for Canada. The workshop, part of the ICLR’s Friday Forum series, will be held from 10 a.m. to 11:30 a.m. EST in the ICLR office at 20 Richmond Street East, Suite […]
By Canadian Underwriter | February 24, 2016
2 min read
KENNER, La. – A deadly storm system that spawned tornadoes in Gulf Coast states Tuesday and killed at least three people in Louisiana and Mississippi was expected to bring severe weather to the Carolinas by Wednesday afternoon. Meteorologists at the national Storm Prediction Center warned of the potential for more tornadoes – including some possibly […]
5 min read
SAN FRANCISCO – Federal emergency officials reported Tuesday a surge in the number of California residents who have purchased flood insurance, most likely in response to a rainy El Nino winter. Officials with the Federal Emergency Management Agency said insurers have written more than 55,500 new policies since Aug. 31, translating into a 25 per […]
Calgary city council has approved bylaw amendments that would allow Transportation Network Companies (TNCs), such as Uber and Lyft, to operate in the city. The amended bylaw, approved on Monday, creates the “foundation for a robust network that supports transportation options for Calgarians,” the City of Calgary said in a press release. It also allows […]
REGINA – Saskatchewan is recalling firefighting crews two weeks earlier and hiring eight new crews as it prepares for what could be an early start to the wildfire season. An air tanker and a bird-dog aircraft, which directs the operation of the air tankers, are scheduled to be ready by March 27. Seasonal staff will […]
By Canadian Underwriter | February 23, 2016
A total of 504 motorists in Saskatchewan received tickets for driving offences made at intersections during January’s traffic safety spotlight on intersection safety, Saskatchewan Government Insurance (SGI) reported on Tuesday. SGI, the province’s Regina-based self-sustaining auto insurance fund, said that provincial police issued: 319 tickets for failing to stop/proceeding from a stop sign before safe; […]
All of Swiss Re’s business units contributed positively – although Life and Health (L&H) Reinsurance was a standout – to the 31% increase in net income of US$4.6 billion in 2015 compared to US$3.5 billion in 2014. “The result benefited from strong underwriting, the absence of major natural catastrophes and from reserve releases, as well […]
A bill proposing to mandate the licensing of home inspectors in Ontario, and to stipulate inspectors’ liability insurance coverage, was tabled Monday at Queen’s Park in Toronto. Bill 165, the Licensed Home Inspectors Act, proposes to give the Ontario government the power to make regulations stipulating what insurance home inspectors must have, including errors, omissions […]
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