Claims
Drought conditions in Alberta have prompted the Alberta Energy Regulator (AER) to encourage oil and gas operators in the province to voluntarily reduce their consumption in areas with no mandatory restrictions but with stream flows lower than normal. Due to dry weather and low flow conditions in rivers across Alberta, the AER has taken steps […]
By Canadian Underwriter | August 18, 2015
2 min read
More than one in five Canadian drivers surveyed admitted they have followed other vehicles too closely while more than one in eight admit to having cut someone off, Kanetix Ltd. reported Tuesday. Toronto-based Kanetix, which operates an Internet insurance quote comparison service, released results of a survey it sponsored, which was conducted July 13-16 using […]
Preparedness is crucial to mitigate increasing windstorm-related losses in future, notes Allianz Global Corporate & Specialty (AGCS), which Tuesday issued a risk bulletin to mark the 10th anniversary of Hurricane Katrina, the largest-ever windstorm loss. Katrina struck the Gulf Coast in southeastern Louisiana as a Category 3 hurricane with sustained winds of 200 km/h on […]
4 min read
Online account information for another 220,000 taxpayers in the United States may have been compromised, the Internal Revenue Service (IRS) said on Monday, just three months after criminals gained unauthorized access to information on approximately 114,000 tax accounts through the agency’s “Get Transcript” application. In May, the IRS confirmed that “criminals used taxpayer-specific data acquired […]
British Columbia’s Southeast Fire Centre has responded to 46 new fires since Thursday, almost all of which are believed to be lightning-caused, the provincial Ministry of Forests, Lands and Natural Resource Operations reported. As of Monday morning, the Testalinden Creek fire south of Oliver was 1,600 hectares and the Wilson’s Mountain Road fire north of […]
By Canadian Underwriter | August 17, 2015
A British Columbia court has ruled against Wawanesa Insurance Company, awarding more than $215,000 to a claimant whose Kamloops home was damaged by arson the day after police discovered a marijuana grow-up. Court records indicate that Steven Davidson’s home was deliberately set on fire April 22, 2010. Much of the structure above the ground was […]
Attempted dishonest applications for motor insurance in the United Kingdom are on the rise, notes the Association of British Insurers (ABI), reporting Friday that its research shows there was 18% more such attempts in 2014 than in 2013. ABI research shows that insurers uncovered 212,000 attempted dishonest applications for motor insurance in 2014, equivalent to […]
The catastrophe in China – where explosions Aug. 12 brought to ruin many facilities in the Port of Tianjin – shows “the persistent growth of accumulation risks, particularly in highly industrialized regions,” suggested Dieter Berg, head of department business development, marine global partnership at Munich Re. “We as reinsurers have observed again and again over […]
3 min read
The United States’ National Multi-Agency Coordinating Group (NMAC) said that it has increased the National Fire Preparedness Level to its highest point PL-5, which ranges from one, indicating minimal activity to five, signaling very high activity. The PL-5 rating, effective from 5:30 a.m. Mountain Daylight Time on Aug. 13, reflects a “high degree of wildfire […]
LOWER LAKE, Calif. – Mountain-town dwellers who had to evacuate – some for the second time in days – were breathing a bit easier as firefighters took major steps toward controlling the latest wildfire in this area 100 miles north of San Francisco. Fire crews – with the help of a firebreak cleared by her […]
By Canadian Underwriter | August 14, 2015
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