Claims
TORONTO – An Ontario judge has sided with the ride-hailing service Uber in its legal dispute with the City of Toronto. The city sought a permanent injunction on the company’s operations, arguing Uber is a taxi company and must abide by the city’s regulations. But Superior Court Judge Sean Dunphy dismissed the application, saying there […]
By Canadian Underwriter | July 5, 2015
2 min read
Wildfires in western and northern Canada have prompted special air quality statements to be issued for areas of the country stretching from the Northwest Territories to Ontario. Air quality alerts were issued Friday for parts of south-central NWT, eastern parts of Alberta, all of Saskatchewan, most of Manitoba and parts of northwestern Ontario, notes information […]
By Canadian Underwriter | July 3, 2015
3 min read
FORT NELSON, B.C. – A municipality in northeastern British Columbia has declared a local state of emergency and issued an evacuation order for an oil and gas facility due to a nearby wildfire. The B.C. Wildfire Service says the lightning-sparked Petitot River Fire was discovered on June 24, is burning about 115 kilometres northeast of […]
1 min read
BEIJING – A magnitude-6.5 earthquake shook China’s far-western region of Xinjiang on Friday, killing six people and damaging or collapsing thousands of buildings, authorities said. The quake hit Pishan county in the Hotan region of Xinjiang at a depth of about 10 kilometres shortly after 9 a.m. Friday, the China Earthquake Networks Center said. “Buildings […]
There is no getting away from water in Canada's property and casualty insurance industry. Protection is available for much of the damage that water can do on the residential side, but not all. Will the overland flooding options now becoming available help cap the flow or will leaks in coverage remain? And what might this evolving environment mean for insurers and reinsurers alike?
By Angela Stelmakowich, Editor|Angela Stelmakowich, Editor | July 2, 2015
13 min read
Will climate change make Canada vulnerable to hurricanes? Industry's ability to observe tropical cyclone activity in the North Atlantic has certainly improved. Climate change could result in an increase in hurricane intensity, and should that occur, the geographical extent of the storms will be greater and the impacted area larger.
By Karen Clark, Chief Executive Officer, Karen Clark & Company|Karen Clark, Chief Executive Officer, Karen Clark & Company | July 2, 2015
5 min read
Hollywood disaster movies can help temporarily raise the level of earthquake risk awareness. But additional and concerted efforts are required - including around improved understanding of associated risks and available insurance cover - to achieve a permanent solution.
By Iain Bailey, Earthquake Specialist, Swiss Re|Iain Bailey, Earthquake Specialist, Swiss Re | July 2, 2015
6 min read
Vendors of recreational activities, such as amateur athletics and extreme sports, can face legal actions in the event of accidents, including those resulting in injury. What are the issues around waivers in the recreational industry and what steps should be taken in support of a waiver defence?
By Robert A. Betts, Associate, Beard Winter LLP|Robert A. Betts, Associate, Beard Winter LLP | July 2, 2015
7 min read
NEW ORLEANS — BP and five U.S. states announced a US$18.7 billion settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant’s oil spill in the Gulf of Mexico in 2010. The settlement money will be used to resolve the Clean Water Act penalties; resolve natural […]
By Canadian Underwriter | July 2, 2015
ACE Limited and The Chubb Corporation announced on Wednesday that the boards of directors of both companies have unanimously approved a definitive agreement under which ACE will acquire Chubb. The total value of the acquisition is about US$28.3 billion in the aggregate. Upon closing of the transaction – expected by the first quarter of 2016 […]
By Canadian Underwriter | July 1, 2015
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