Claims
WASHINGTON – Sea levels on Earth are rising several times faster than they have in the past 2,800 years and are accelerating because of man-made global warming, according to new studies. An international team of scientists dug into two dozen locations across the globe to chart gently rising and falling seas over centuries and millennia. […]
By Canadian Underwriter | February 23, 2016
3 min read
WELLINGTON, New Zealand – The death toll from a ferocious cyclone which tore through Fiji over the weekend has risen to 18 as authorities on Monday began to get a grasp on the scale of the disaster and deploy aid to hard-hit outer islands. Authorities were still having trouble communicating with some islands, including places […]
By Canadian Underwriter | February 22, 2016
About three-quarters of mobile applications scanned for a recent Hewlett Packard Enterprise (HPE) cyber risk report exhibited at least one critical or high-severity security vulnerability, the company has reported. The HPE Cyber Risk Report 2016, published last week, identified the top security threats plaguing enterprises over the past year. HPE noted that approximately 75% of […]
CALGARY – Alberta’s energy department will be holding meetings in the coming weeks to discuss the threat of cyberattacks on oil-and-gas infrastructure – an issue that was flagged in a recent report by the province’s auditor general. The report noted that the Alberta government does not require provincially regulated oil-and-gas operators to meet minimum IT […]
Two-thirds of those taking part in a recent poll by Vancouver-based Square One Insurance Services Inc. incorrectly believe flood protection is included in home insurance policies. The survey of 1,500 Canadians shows that 65% of those surveyed think flood protection is included in home insurance policies, notes a statement Monday from Square One, which offers […]
2 min read
A bill intended to “clarify the standard of care” required of Ontario landowners allowing public access to trails was tabled Thursday for second reading at Queen’s Park in Toronto. If passed into law, Bill 100 would make changes to the Occupiers’ Liability Act, the Motorized Snow Vehicles Act and the Off-Road Vehicles Act. “Currently there […]
By Canadian Underwriter | February 19, 2016
The combined ratio will rise from 98% in 2015 to 99.2% for the property and casualty insurance industry in the United States, while for the U.S. and Bermuda reinsurance industry, the combined ratio will deteriorate by 6.7 points, A.M. Best Company Inc. projected in a report released Friday. The Best Special Report – a 2016 […]
Ontario’s Ministry of Finance announced on Friday that the province is partnering with Airbnb to launch a new pilot project to raise awareness about homeowners’ and consumers’ rights and legal responsibilities. San Francisco-based Airbnb is a “community marketplace” for people to list, discover and book unique accommodations around the world – online or from a […]
The powerful 2015-2016 El Niño has passed its peak but remains strong and will continue to influence the global climate, according to the latest update from the World Meteorological Organization (WMO), a specialized agency of the United Nations. The WMO said in a press release on Thursday that El Niño is expected to weaken in […]
The president and CEO of a hospital in Los Angeles admitted in a statement on Wednesday that the hospital paid approximately US$17,000 to hackers following a ransomware attack. Allen Stefanek, president and CEO of the Hollywood Presbyterian Medical Center, said in the statement that the amount of ransom requested was 40 bitcoins, equivalent to approximately […]
By Canadian Underwriter | February 18, 2016
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