Claims
The Supreme Court of Canada announced Thursday it has denied an 86-year-old Ontario man’s leave to appeal a finding that the province is not violating the Charter of Rights if it requires drivers 80 years and older to get tested every two years. Therefore, a 2014 ruling from Ontario’s Divisional Court stands. Court records indicate […]
By Canadian Underwriter | July 10, 2015
4 min read
Aon plc’s Impact Forecasting unit announced Wednesday the release of its Global Catastrophe Recap for June, suggesting five days of severe thunderstorms caused more than $450 million in economic losses in the Western United States, at a time when thunderstorms also caused at least $2 billion in economic losses in China and a heat wave […]
By Canadian Underwriter | July 9, 2015
2 min read
PERILS AG issued its revised estimate Wednesday for windstorm Elon-Felix – which hit areas of western and northern Europe from Jan. 8 to 11, 2015 – at 328 million euros. The estimate of the property insurance market loss – the third of fourth to be released by PERILS – is in line with the 335 […]
1 min read
Additional limit placed over the past few months has helped stabilize price declines at July 1 renewals, which are continuing to moderate, predominantly on programs covering United States wind, Guy Carpenter & Company, LLC notes in its July 1 Renewal Briefing. Issued Thursday, the briefing shows that overall pricing was down again at the July […]
3 min read
Emergency officials in Saskatchewan say a large wildfire threatening one of the biggest communities in the north was stable Tuesday, but they feared a shift in wind could change the situation. The blaze, which had come within 1.5 kilometres of La Ronge, a town of 2,700 people, was one of hundreds burning across Western Canada. […]
By Canadian Underwriter | July 8, 2015
WINNIPEG – Manitoba’s ombudsman has agreed to look into a controversy surrounding flood-fighting equipment for First Nations. Charlene Paquin says she aims to ensure proper procedures were followed in the decision to help flood-prone reserves get water-filled tubes, known as Tiger Dams. The government issued a tender last December for $5 million worth of the […]
By Canadian Underwriter | July 7, 2015
Not surprisingly, summer’s hot weather and construction delays contribute to young drivers getting hot under the collar, producing both frustration and bad behaviour directed at others, notes ingenie’s new Road Rage Report. Issued Monday by ingenie, the report – based on an online survey conducted in for ingenie by Student Life Network and involving 604 […]
About two-thirds of insurance chief executive officers from 37 countries taking part in a recent survey regard increasing tax burden as a threat to their growth prospects, PwC reports. In all, 80 insurance CEOs were interviewed as part of PwC’s recent 18th Annual Global CEO Survey, A marketplace without boundaries? Responding to disruption. The survey […]
By Canadian Underwriter | July 6, 2015
The Court of Appeal of Alberta ruled Friday in favour of Intact Insurance Company in a dispute over an exclusion, for “business pursuits,” in a liability policy on a farm property. Court records indicate that Terry Burch was injured May 4, 2001 after being thrown from a horse during a riding lesson. Burch had purchased […]
REGINA – Close to 1,000 military personnel are on their way to help fight wildfires in Saskatchewan. Duane McKay, commissioner of emergency management with the province, says some of the military are expected to begin deploying as early as Sunday. Others may take longer to arrive, as McKay notes that being a soldier is different […]
By The Canadian Press | July 6, 2015
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