Claims
Niagara West-Glanbrook MPP Tim Hudak has called on Ontario Finance Minister Charles Sousa to develop “affordable, comprehensive insurance” specific to ridesharing services like Uber. Hudak’s private member’s bill, Opportunity in the Sharing Economy Act, which creates provincial legislation around ridesharing, homesharing and parking sharing, is currently before the Finance Committee awaiting hearings. “The political uncertainty […]
By Canadian Underwriter | December 3, 2015
3 min read
The current El Niño phenomenon is expected to reach its maximum during the winter of 2015-16, which has historically manifested itself through milder than normal winters in western, northwestern and central Canada, Environment Canada said. The current El Niño could even be in the “top 3,” according to Columbia University’s International Research Institute for Climate […]
2 min read
As Toronto city staff recommend $67.754 million in capital funding for basement flooding protection projects in 2016, City Council, which meets next week, is being urged to advance 2017 cashflow for those projects into 2016 if a “greater than planned” amount of work can be completed. Toronto’s executive committee voted Tuesday to recommend that City […]
By Canadian Underwriter | December 2, 2015
4 min read
More than 30% of global companies use mobile devices to access corporate bank accounts and conduct financial transactions, according to a new survey released on Monday. The joint survey, conducted by cybersecurity company Kaspersky Lab and market research company B2B International, involved more than 5,500 companies in 26 countries. The survey, titled Financial Fraud: The […]
By Canadian Underwriter | December 1, 2015
Following Saskatchewan’s safe winter driving focus in November, the province’s self-sustaining auto insurance fund said on Tuesday that this month, law enforcement officers across the province will be focused on drivers who are impaired by either drugs or alcohol. On average in Saskatchewan, there are more than 1,300 collisions each year involving alcohol and/or other […]
The Institute for Catastrophic Loss Reduction (ICLR) met Monday’s deadline to make submissions for the next iteration of the Ontario Building Code. The Institute opted to submit two proposed code changes: to make backwater valves and hurricane straps mandatory in all new builds in Ontario. Currently, the Ontario Building Code allows for the installation of […]
WATERLOO, Ont. – Inside a few Canadian school buses a new sensor technology is helping keep drunk drivers off the roads. It’s part of a test project underway at Sober Steering, a Waterloo, Ont.-based startup that aspires to make the breathalyzer obsolete with a different way to monitor blood-alcohol levels that’s both faster and cheaper. […]
The government of British Columbia announced on Friday that it has frozen its current $30 per tonne carbon tax until 2018 to allow other jurisdictions in Canada to catch up to the province. The response is related to the province’s Climate Leadership Team (CLT), which recommended that B.C. build on the success of the carbon […]
The mega-city is coming – with two-thirds of the world’s population expected to be city dwellers by 2030 – but this development poses challenges regarding how best to strike a balance between growth, quality of life and climate protection, cautions a report issued Monday by Allianz SE. Many city dwellers by 2030 will, in fact, […]
With the number of claims from the South Australian bushfires reaching 525 Monday morning, the Insurance Council of Australia (ICA) reported total insured losses had hit AU$75 million. Declared a disaster by ICA Nov. 26, there are multiple bushfires burning north of Adelaide in South Australia. ICA reports in a statement that insurance industry assessors […]
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