Claims
Waterloo, Ont.-based Economical Insurance announced on Friday that the first special meeting of eligible mutual policyholders will be held on Dec. 14. The meeting will be held in the Bingemans Ballroom, at 425 Bingemans Centre Drive in Kitchener, Ont., Economical said in a press release. Registration will begin at 12:30 p.m. EST, and the formal […]
By Canadian Underwriter | November 16, 2015
2 min read
Vancouver-based Square One Insurance Services Inc. has found that the majority of Canadians are not aware of a common home insurance condition that, if not met, eliminates coverage for damage from frozen pipes. Square One Insurance said on Monday that it recently conducted a survey and found that 91% of the 1,200 people surveyed were […]
3 min read
In a time of exponential data growth, human development and climate change, the intergovernmental Group on Earth Observations (GEO) announced Friday that members are committed to sharing data on Earth observations. “We promote open access to data, knowledge and information,” Dr. Jianlin Cao (pictured right), China’s vice minister of science and technology, notes in a […]
The government of Alberta announced on Friday that it is providing grants totalling nearly $3 million to 12 organizations to help improve the flood and drought resiliency of communities across the province. The grants, through the Watershed Resiliency and Restoration Program, include one grant of $750,000 to The City of Calgary – Water Resources for […]
By Canadian Underwriter | November 13, 2015
Severe storms in Texas in April and May of this year have resulted in paid residential property losses close to US$900 million from 114,000 claims, the Insurance Council of Texas (ICT) said on Thursday. Beginning in late March, multiple severe thunderstorms rolled across the state, producing large hail, tornadoes and heavy rainfall, the ICT said […]
El Niño will likely peak during the Northern Hemisphere winter of 2015-16, with a transition to “El Niño/Southern Oscillation (ENSO) neutral” anticipated during the late spring or early summer 2016, according to the United States’ National Weather Service. A statement from the National Weather Service’s Climate Prediction Center on Thursday noted that “the forecaster consensus […]
LAC-MÉGANTIC, Que. – A number of accused have pleaded not guilty to federal charges laid in connection with the 2013 Lac-Mégantic train derailment. The accused are all former employees of now-defunct Montreal, Maine and Atlantic Railway Ltd., and most were represented by lawyers in court on Thursday. In addition to Montreal, Maine and Atlantic Canada […]
By The Canadian Press | November 13, 2015
Starting Nov. 17, Canadian insurance brokers will be able to offer policies covering fresh water flooding written by RSA Canada to some homeowners purchasing sewer backup coverage, a senior RSA Canada official said Thursday. A new RSA Canada endorsement, called Waterproof, will include a limited sewer backup endorsement plus “enhanced protection for damage caused by […]
By Canadian Underwriter | November 12, 2015
4 min read
WATERTOWN, Wis. – Crews worked Monday to clear freight cars from rail tracks and contain spilled crude oil and chemicals after two trains derailed in Wisconsin about 200 miles apart over the weekend. More than a dozen cars of a Canadian Pacific Railway train loaded with crude oil jumped the tracks in Watertown on Sunday […]
A poll of global financial services experts and Canadian risk executives conducted at the Global Risk Institute’s annual conference on Thursday has found that cyber and technology risks are the greatest concerns for the global financial services sector. A press release from the Toronto-based Global Risk Institute (GRI) said that more than 180 senior Canadian […]
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