Claims
Insurers that contract with the United States National Flood Insurance Program should be allowed to write their own polices, and modern technologies should be used to evaluate property risk without having to rely on physical inspections, Marsh & McLennan Companies Inc. suggested in a recent report. In its report, titled Reforming the National Flood Insurance […]
By Canadian Underwriter | December 11, 2015
5 min read
PARIS – The Canadian delegation at the climate-change conference in Paris remained optimistic on Friday that a deal could be reached with the deadline being extended to Saturday. Federal Environment Minister Catherine McKenna said in a statement she was encouraged as talks continued after marathon negotiations overnight and well into the day. McKenna said there […]
2 min read
The Insurance Bureau of Canada (IBC) announced on Friday that it has helped assist joint police forces in thwarting an international car theft ring. “Today, after months of investigative work, police have announced the arrest of close to 20 individuals allegedly associated with the theft of 211 high-end vehicles,” IBC said in a press release. […]
OTTAWA – The prospect of a terrorist cyberattack on an airplane struck federal intelligence analysts as more pie-in-the-sky than a real possibility, newly released documents show. The modern airliner’s reliance on digital flight-control systems make some believe planes are vulnerable to malware that could be uploaded either online or through a direct connection, notes an […]
3 min read
More than half of in-house legal counsel report that their companies are increasing spending on cybersecurity, while one-third state that their companies have experienced a data breach, according to a new report from the Washington, DC-based Association of Corporate Counsel (ACC) Foundation. The ACC Foundation: The State of Cybersecurity Report, released on Thursday, also found […]
Alberta’s Ministry of Transportation announced on Thursday that effective Jan. 1, 2016, distracted driving convictions will include three demerit points as well as the current $287 fine. Any driver charged with distracted driving before Jan. 1 will not be assigned demerit points, even if the $287 fine is paid in the new year, the ministry […]
FALL CITY, Wash. – While much of the Pacific Northwest on Wednesday got a respite from rains that have pummeled the region for days, mudslides and flooding rivers triggered multiple rescues and claimed the life of a woman after her car became submerged northwest of Portland, Oregon. In Portland, a large Douglas fir tree crashed […]
By Canadian Underwriter | December 10, 2015
4 min read
DETROIT – Lawyers hired to compensate victims of General Motors’ faulty ignition switches have paid out $594.5 million to settle 399 eligible claims. The numbers were released Thursday in a final report from compensation expert Kenneth Feinberg. A total of 4,343 claims were filed with the GM fund. Only 9.2 per cent were deemed eligible […]
The province of Alberta has decided to demolish 17 homes along the Elbow River that were damaged by the massive flooding in 2013. The Ministry of Municipal Affairs said in a statement on Wednesday that the province evaluated its options and determined that removing the floodway homes was the best solution. “Most of these homes […]
British Columbia has become the 14th jurisdiction to sign on to the International Zero-Emission Vehicle (ZEV) Alliance, whose members strive to make all new passenger vehicles in their jurisdictions ZEVs by no later than 2050. B.C. Environment Minister Mary Polak made the announcement on Thursday at the 2015 COP21 climate conference underway in Paris, France. […]
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