Claims
WINNIPEG – A winter storm that hit Winnipeg just before Christmas took a big chunk out of the city’s budget due to snow clearing, but now it appears it may cost even more. Some residents and business owners have filed damage claims, saying the cleanup resulted in some extra property damage. Warren Clover contends a […]
By The Canadian Press | December 30, 2015
2 min read
The Office of the Superintendent of Financial Institutions (OSFI) has published on its website a guide for the demutualization of certain mutual property and casualty insurance companies. The Guide for the Demutualization of Mutual Property and Casualty Insurance Companies with Non-mutual Policyholders sets out the information that must be provided to OSFI at each phase […]
By Canadian Underwriter | December 29, 2015
3 min read
ATLANTA – Storms packing strong winds and heavy rain slammed the U.S. mid-section on Wednesday, and officials worried about Christmas yard decorations becoming projectiles. A tree blew over onto a house in Arkansas, killing an 18-year-old woman and trapping her 1-year-old child inside, authorities said. Rescuers pulled the toddler safely from the home. The biggest […]
By Canadian Underwriter | December 23, 2015
4 min read
MONTREAL – Officials responsible for bankruptcy proceedings related to the Lac-Mégantic rail disaster say a $460-million settlement is fully funded and that cheques for the families of victims should start flowing in the new year. About $114 million will be transferred this week to a trust for the holders of wrongful death claims. Families will […]
By The Canadian Press | December 23, 2015
1 min read
Southern Alberta residents affected by an intense rainstorm in July may be eligible for provincial disaster funding to help repair damages, the provincial government announced on Dec. 18. On July 12, nearly 300 residential property owners in Chestermere and Rocky View County were left with damage to their homes after severe weather, Alberta’s Ministry of […]
Nearly half (48%) of global executives responding to a recent Ernst & Young (EY) survey said that their company is in favour of carbon pricing. Another 45% were “neutral” on the topic, while 7% opposed carbon pricing. While 72% of the 116 survey respondents have developed corporate emissions reduction targets, only 15% have set an […]
By Canadian Underwriter | December 22, 2015
WAVELAND, Miss. – When Hurricane Katrina’s punishing storm surge plowed ashore, it swamped seven of Coast Electric Power Association’s substations, vital to powering thousands of Mississippi homes and businesses. The facilities have long since been repaired, but a decade after the storm they remain at the same elevation, and just as vulnerable to catastrophic hurricanes. […]
Saskatchewan Government Insurance (SGI), the province’s self-sustaining auto insurance fund, said on Monday that police issued 190 tickets related to winter driving offences during November’s province-wide traffic safety spotlight on safe winter driving. The majority of the tickets – 134 – were for exceeding 60 kilometres per hour (km/h) when passing emergency vehicles/highway equipment/tow trucks […]
Aviva Canada announced on Monday that a homeowner has been sentenced to 15 months in jail and two years of probation for deliberating setting fire to his house. Aviva Canada, a provider of home, auto, leisure/lifestyle and business insurance, said in a press release that Justice Casimir N. Herold of Ontario’s Superior Court of Justice […]
SHENZHEN, China – Rescuers searched Monday for 85 missing people a day after the collapse of a mountain of excavated soil and construction waste that had been piled up over two years in China’s manufacturing centre of Shenzhen. Authorities said the landslide buried or damaged 33 buildings in the industrial park in Shenzhen, a city […]
By Canadian Underwriter | December 21, 2015
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.
