Claims
WIMBERLEY, Texas – Recovery teams are set to resume looking for the 12 members of two families who authorities say are missing after a rain-swollen river in Central Texas carried a vacation home off its foundation, slamming it into a bridge downstream. Trey Hatt, a spokesman for the Hays County Emergency Operations Center, said Monday […]
By Canadian Underwriter | May 26, 2015
4 min read
Effective noon Monday, Alberta has implemented a full fire ban for all forests in the province. The full fire ban prohibits all open fires, including campfires in campgrounds or backcountry and random camping areas, including charcoal briquettes, the Government of Alberta said in a press release. All fire permits are suspended or cancelled and no […]
By Canadian Underwriter | May 25, 2015
2 min read
CACHE CREEK, B.C. – The mayor of a British Columbia village has declared a state of emergency and ordered dozens of residents to leave their homes after a violent storm tore through the province’s Interior, leaving a trail of flooding and destruction in its wake. It could be weeks or even months before some residents […]
By The Canadian Press | May 25, 2015
3 min read
There has been a slight uptick in organizations buying cyber insurance, but with that level still far below where it should be, industry partners should consider focusing on prevention and mitigation to raise awareness and illustrate need among clients, it was suggested at ARC Group Canada Spring Seminar 2015. Chief executive officers, chief financial officers […]
5 min read
The Institute for Catastrophic Loss Reduction (ICLR) in Toronto will be hosting its annual Forecast Webinar 2015: Wildfire and Hurricane Seasons on June 8 at 10 a.m. EDT. The ICLR webinar will summarize the current wildfire and hurricane conditions in Canada and will provide a forecast for the 2015 seasons. It will feature Kerry Anderson, […]
Co-operators General Insurance Company announced on Monday that it has launched new insurance coverage for overland flooding in Alberta. The coverage, which is available throughout the province, is an “inclusive and flexible solution” designed to protect homes against the most common causes of water damage – flooding caused by an overflow from a body of […]
Vancouver’s economy could suffer a $1.2-billion blow in case of a major oil spill caused by Kinder Morgan’s Trans Mountain pipeline expansion, concludes a new report released by the city. The report, by the University of B.C.’s Fisheries Economics Research Unit, examined the potential economic costs of a 16-million litre spill in Burrard Inlet. Researchers […]
By Canadian Underwriter | May 22, 2015
PartnerRe Ltd. announced Friday it plans to “proceed to shareholder approval” of a proposal to merge with competitor Axis Capital Holdings Ltd., but Italian investment firm EXOR S.p.A. argues that EXOR’s all-cash US$6.8-billion offer to acquire PartnerRe “provides superior value and certainty,” compared to a merger with Axis, for PartnerRe shareholders. Both Axis Capital and […]
While 88% of private companies in Canada “agreed or strongly agreed” that cybersecurity is an important issue for their organization, firms are in the dark about what they need to do, where their vulnerabilities lie and what to do about them, suggests a new report from PwC Canada released this week. The study, PwC Canada’s […]
GOLETA, Calif. – The operator of a broken oil pipeline that fouled a California shoreline says it could be weeks or even months before investigators are able to determine what caused the break and subsequent spill. Crews have yet to excavate the broken piece of pipeline, which under the law must be done in the […]
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