Claims
MONTREAL – Mayors from the greater Montreal area have come out against TransCanada’s proposed Energy East pipeline. The Montreal Metropolitan Community, which represents 82 jurisdictions, says it is opposed to the project. Montreal Mayor Denis Coderre, the current president, told a news conference today the organization has determined the environmental risks far outweigh any economic […]
By The Canadian Press | January 22, 2016
1 min read
British Columbia’s Ministry of Transportation and Infrastructure said that the final touches are now complete on the $21 million seismic safety retrofit to the Mission Bridge crossing of the Fraser River on Highway 11. “We continue to upgrade our infrastructure to protect British Columbians in the event of a major earthquake,” said Transportation and Infrastructure […]
By Canadian Underwriter | January 22, 2016
2 min read
The Rockefeller Foundation, Veolia and Swiss Re Corporate Solutions Ltd. have unveiled an infrastructure recovery initiative meant to help cities worldwide build resilience to critical risks and speed up economic recovery following catastrophic events. The partnership is designed to support cities around the globe in the areas of climate change adaptation, disaster risk reduction, infrastructure […]
3 min read
OTTAWA – Call it cold comfort, but Atlantic Canada was one of the only regions on the planet that had cooler-than-average temperatures last year, according to Environment Canada. On a day when NASA officially announced the hottest average global temperature – by a statistically significant margin – ever recorded in 136 years of modern record-keeping, […]
By Canadian Underwriter | January 21, 2016
Aon Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, said that total catastrophe bond issuance for calendar year 2015 reached US$6.9 billion, down from US$8.3 billion in 2014. Aon Securities released its year-end 2015 update on the insurance-linked securities (ILS) sector on Thursday. The report, Insurance-Linked Securities Year-End 2015 […]
Saskatchewan’s self-sustaining auto insurance fund announced said on Thursday that more than 300 impaired drivers were stopped by police during December’s province-wide traffic safety spotlight on impaired driving. In total, Saskatchewan Government Insurance (SGI) said in a press release, there were 308 offences related to alcohol or drug use throughout the month, including 300 Criminal […]
Canada’s highest court announced Thursday that it will not hear an appeal from a vaccine manufacturer that lost an $8.3-million subrogated claim in Ontario against the company storing its drugs. That claim arose from a malfunction in a cooling system that resulted in lost product. Court records indicate that United Parcel Service Supply Chain Solutions […]
6 min read
Aviva Canada and RBC Insurance have signed a 15-year strategic agreement – which includes Aviva Canada’s $582 million purchase of RBC General Insurance Company – that will provide RBC Insurance’s existing and future customers access to a full suite of property and casualty products. “Through this agreement, Aviva Canada will provide policy administration and claims […]
Less than half (45%) of organizations worldwide are confident in their security posture, as today’s cyber attackers launch more sophisticated, bold and resilient campaigns, according to global IT company Cisco. The Cisco 2016 Annual Security Report, released on Tuesday, examined threat intelligence, cybersecurity trends, industry insights and responses from Cisco’s 2015 Security Capabilities Benchmark Study, […]
By Canadian Underwriter | January 20, 2016
Resq Auto Glass Inc. has been unsuccessful in a breach of contract lawsuit against The Co-operators General Insurance Company, which agreed to pay no more than $50 each on more than 1,800 windshield repairs, the Court of Appeal for Ontario has ruled. Between February 2012 to July 2014, repairs were done to windshields of 1,844 […]
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.
