Claims
As politicians campaign for the federal election scheduled Oct. 19, the Insurance Brokers Association of Canada (IBAC) is asking its members to contact local candidates about the federal Bank Act. “We are asking them – whatever party they support – to get a hold of the candidate in their riding,” Steve Masnyk, IBAC’s manager of […]
By Canadian Underwriter | August 14, 2015
3 min read
British Columbia’s Ministry of Forests, Lands and Natural Resource Operations said on Friday that 13 new wildfires are burning the Kamloops Fire Centre region, including one that has spread into B.C. from the United States. A press release from the ministry said that the Sidley Mountain wildfire in the Penticton Fire Zone started in Washington […]
2 min read
Nearly half of Americans are exposed to potentially damaging ground shaking from earthquakes, said a research report published in the journal Earthquake Spectra this week. The report, from scientists at the U.S. Geological Survey (USGS), found that more than 143 million Americans (about 46% of the U.S. population) living in the 48 contiguous states are […]
Storms three weeks ago in Alberta and Saskatchewan caused more than $230 million in insured damage, Insurance Bureau of Canada reported Thursday. IBC quoted the preliminary estimate from Property Claims Services (PCS), a unit of Jersey City, N.J.-based Verisk Analytics Inc. IBC said the $230 million estimate is of insured damages “caused by the heavy […]
By Canadian Underwriter | August 13, 2015
The no-fault deductibles in Ontario’s Insurance Act in tort claims for damages arising from car accidents have been amended and increased to account for inflation and will be increasing slightly ever year in the future, Canadian insurance litigation firm Dutton Brock LLP reported on Thursday. Ontario Regulation 221/15 amending Ontario Regulation 461/96 (Court Proceedings for […]
1 min read
The Insurance Brokers Association of Ontario (IBAO) is warning UberX drivers and passengers of the risks associated with ridesharing programs. In a press release on Thursday, the IBAO, a not-for-profit association representing and serving the interests of over 12,000 independent p&c insurance brokers in Ontario, said that there are “a number of myths that suggest […]
NEW YORK – Companies can spend millions of dollars on state-of-the-art cybersecurity to protect their most precious information, but that could all be for naught if outside companies with access to it don’t adhere to the same high security standards. Meanwhile, hackers continue to innovate and expand their reach to new targets that may have […]
The Court of Appeal for Ontario has overruled a 1952 ruling, by the same court, on the issue of a vehicle owner’s vicarious liability for negligent use of the vehicle, where an owner gives the driver permission to possess the vehicle but not to operate it on a public highway. In a decision released Monday, […]
By Canadian Underwriter | August 12, 2015
4 min read
Two environmental groups and 33 individuals announced on Wednesday that they have publicly withdrawn from National Energy Board (NEB) regulatory hearings into the Kinder Morgan Trans Mountain pipeline “due to a flawed and biased process.” The Wilderness Committee, the Canadian Parks and Wilderness Society (CPAWS BC Chapter) and 33 people became the latest participants to […]
LOWER LAKE, Calif. – Erratic winds fanned a wildfire burning through rugged hills in Northern California on Wednesday, pushing the flames across a wide area and chasing at least 150 people from their homes. Many in the region about 100 miles north of San Francisco had only recently returned after an earlier blaze threatened their […]
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