Claims
Peer-to-peer technologies are allowing individuals to offer rides in their cars to people for a fee, and to rent their houses to strangers. For adjusters, claims arising out of these new shared economies are anything but simple.
By Insurance Institute of Canada | September 30, 2015
6 min read
The Q3 2015 catastrophe bond market has seen an “interesting mix of activity, though light,” totalling nearly US$700 million in issuance, including the cat bond lite space, Property Claim Services (PCS) said in a report released on Wednesday. PCS, a Verisk Analytics business, noted that the third quarter has been quiet for the past couple […]
By Canadian Underwriter | September 30, 2015
5 min read
PERILS, the independent Zurich-based organization providing industry-wide catastrophe insurance data, has disclosed its third loss estimate for windstorm Mike-Niklas – a property insurance market loss of 826 million euros. The revised estimate, released on Tuesday, compares to PERILS’ second loss estimate of 895 million euros, issued on June 29. The initial loss estimate, in May, […]
By Canadian Underwriter | September 29, 2015
1 min read
The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on flood and drought as part of its next Friday Forum series. The workshop, titled Flood and Drought: What is next for Watershed Management?, will be held on Oct. 16 from 10 a.m. to 11:30 a.m. The forum will feature Kim Sturgess, the […]
2 min read
The global healthcare industry witnesses 340% more cyber security incidents and attacks than the average industry, according to a recently released reported from Raytheon | Websense, a company that helps protect organizations from cyberattacks and data theft. The healthcare industry is a major target for cybercriminals, the company said in a press release issued on […]
By Canadian Underwriter | September 28, 2015
3 min read
Asked to consider the type of natural disasters that could potentially have a big impact on Canadians – resulting in billions of dollars of losses, insured and not – it would not be surprising if ice storms made the list, but what about volcanoes? Speaking at RIMS Canada Conference 2015, being held this week in […]
HIGH RIVER, Alta. – Hasn’t High River suffered enough? After surviving one to the worst flood in Canadian history a couple of years ago, the Alberta town of 12,000, 70 kilometres south of Calgary is preparing for a meteorite to hit this week. The scenario – hypothetical, of course – is part of an emergency […]
The Insurance Corporation of British Columbia must indemnify the estate of a man who was killed, as a passenger in a vehicle accident, after grabbing the steering wheel, the province’s appeal court has ruled. Court records indicate that Marnetta Felix was at a soccer game July 8, 2006 with her boyfriend, Kevin Hearne, who became […]
The Nova Scotia Health Authority has said that the Queen Elizabeth II Health Sciences Centre will continue “with a higher volume of surgeries starting Monday,” following a flood last week that also caused the postponement of 140 of 190 outpatient eye appointments. On the evening of Sept. 24, a pipe on the 5th floor of […]
British Columbia Premier Christy Clark announced on Friday a top-up of $10 million to the Strategic Wildfire Prevention Initiative and tasked the provincial Ministry of Forests, Lands and Natural Resource Operations to look at other ways to reduce wildfire risk through on-the-ground operations. The top-up brings the total amount provided to the Strategic Wildfire Prevention […]
By Canadian Underwriter | September 26, 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.
