Claims
British Columbia’s Ministry of Justice reported on Friday that it had received more than 10,000 submissions and comments during its recently concluded month-long consultation on distracted driving. During the four-week consultation, which closed on July 16, the government’s dedicated website received more than 24,000 visits, and “powerful, often personal stories shared in 962 email submissions […]
By Canadian Underwriter | July 24, 2015
2 min read
Flash flooding caused by a gusher of rain left many homeowners drenched and without electricity when a powerful thunderstorm walloped southern Manitoba. The severe weather Thursday night dumped about 76 millimetres on Portage la Prairie, west of Winnipeg, leaving a number of people with wet basements. Flooding also occurred in Steinbach and Altona as well […]
By The Canadian Press | July 24, 2015
1 min read
WEST KELOWNA, B.C. – Relentless forest fires burning across British Columbia may be the new normal, Premier Christy Clark warned as she stood not far from a raging fire that threatened homes in her own riding. Clark spoke near the Westside Road fire outside West Kelowna on Wednesday, where flames have forced emergency officials to […]
By The Canadian Press | July 23, 2015
3 min read
Aviva Canada has announced that a taxi operator has been criminally charged after filing false invoices in excess of $50,000. The insurer, a provider of home, auto, recreational vehicle, group and business insurance, announced the criminal charges against the taxi business operator in Rankin Inlet, Nunavut in a press release issued on Wednesday. On Dec. […]
By Canadian Underwriter | July 22, 2015
2015 first-half catastrophe activity in the North America – the vast majority in the United States – was the lightest since the first six months of 2010, resulting this year in US$8.1 billion in insured losses, note figures released Wednesday by Property Claims Services (PCS), a Verisk Analytics business. PCS designated 26 catastrophe events (25 […]
The Saskatchewan Stock Growers Association (SSGA) on Tuesday asked the federal government to “take the steps required to allow drought stricken ranchers to defer taxes on livestock they have been forced to sell due to dry conditions.” SSGA president Doug Gillespie announced the request, noting in a media release that “livestock producers in several areas […]
By Canadian Underwriter | July 21, 2015
British Columbia has announced that it will conduct a first-ever full-scale major earthquake and tsunami response exercise next year. A $1 million investment will support the provincially-led exercise, which will test elements of the new B.C. Earthquake Immediate Response Plan, which is in the final stages of development, the provincial Ministry of Justice said in […]
Insurance carriers covering property in Florida have a “relatively high degree of confidence” in their risk data, but the next hurricane to hit the state could cause losses “much larger” than those from Hurricane Wilma in 2005, A.M. Best Company Inc. suggested in a report released Monday. Wilma was the last “significant” hurricane to affect […]
Insured losses for global natural disasters for the first half of 2015 were US$15 billion, down 47% from the 10-year average of US$28 billion, Impact Forecasting said in its Global Catastrophe Recap: First Half of 2015 report, released on Tuesday. The report from Impact Forecasting, Aon Benfield’s catastrophe model development team, evaluates the impact of […]
WINMAR Franchise Corp. announced Tuesday it is partnering with flood prevention solutions firm INFLOTROLIX to better serve the needs of insurers and property owners alike by helping to bring down water-related claims costs. The national partnership will see WINMAR making use of INFLOTROLIX’s AQUA-PROTEC, a state-of-the-art backwater valve system, and NOWA, its value-added leak detection […]
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