Claims
WINNIPEG – Thousands lost power, sewers backed up and a mall flooded when parts of Winnipeg were drenched with over 50 mm of rain. Environment Canada meteorologist Jim Slipec says the South St. Vital district of the city got 70 mm on Saturday, followed by another 10 mm early on Sunday. Flooding closed the cinemas […]
By The Canadian Press | August 24, 2015
1 min read
TransCanada Corporation announced on Monday that it has reached an agreement with Gaz Metro Limited Partnership (GMi), Enbridge Gas Distribution Inc. and Union Gas Limited that resolves these local gas distribution companies’ issues with the Energy East and Eastern Mainline pipeline projects. Under the terms of the agreement, TransCanada will size the Eastern Mainline Project […]
By Canadian Underwriter | August 24, 2015
3 min read
Police in Saskatchewan issued more than 3,550 tickets in July for speed-related offences in and out of work zones across the province, Saskatchewan Government Insurance (SGI) reported on Monday. With a record-breaking construction season in full swing, July’s traffic safety spotlight highlighted the need for motorists to slow down and exercise additional caution in work […]
2 min read
Some investment banks need to spend more money on improving cyber security and monitoring staff communications, while some are not calculating the value of their risk-weighted assets (RWA) accurately, Ernst & Young suggested in a recent report. The report, titled Transforming Investment Banks, was announced Friday. EY described investment banking as “an industry in turmoil […]
EDMONTON – The Alberta government has declared that the hardship to agriculture from this year’s drought constitutes a disaster. Agriculture Minister Oneil Carlier quietly approved the decision on Friday. Agriculture department spokesman Renato Gandia says in an email that it allows the province’s Agriculture Financial Services Corporation to access more funds for insurance compensation. Gandia […]
Various market sources have released insured loss estimates related to the massive explosion Aug. 12 at a toxic chemical warehouse in the Port at Tianjin, but A.M. Best Company cautions that the figures “are subject to uncertainty as residents within three kilometers of the blast site have been evacuated.” In a briefing issued Monday, Tianjin […]
4 min read
An Ontario court has ruled against Allstate Insurance Company of Canada over a disputed claim arising from a fire at an Ottawa home. Mohamed Choukair claimed the cost to replace his home, after a fire in January, 2014, was $450,700. Allstate, his insurer, only paid him $369,000, contending that the difference between the two amounts […]
By Canadian Underwriter | August 21, 2015
Nearly half of Torontonians (45%) and Montrealers (46%) are favourable to ride-sharing sevice Uber, with 37% of Torontonians and 38% of Montrealers surveyed in support of banning the service, according to a new Mainstreet/Postmedia poll. The poll, released on Friday, found that Canadians in general were divided over the ride-sharing service, with those in larger […]
5 min read
A wildfire at the Waterton Lakes National Park of Canada is now 95% contained and is “being held,” Parks Canada reported on Friday. A thermal scan of the Waterton Lake wildfire, near the Montana border, confirmed the fire is “relatively quiet, with some hot spots,” Parks Canada said in a press release. Five fire crews […]
CALGARY – A new study highlights the importance of irrigation for Alberta agriculture as widespread drought is having a harsh impact on crop yields in Western Canada. The study, commissioned by the Alberta Irrigation Projects Association, found that every dollar invested by the province in irrigation generated three dollars in added revenue to Alberta and […]
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