Claims
The Supreme Court of Canada released Tuesday its reasons for allowing Zurich Insurance Company’s appeal of a ruling where the issue was whether Chubb Insurance Company of Canada, in writing an optional accidental death and dismemberment policy offered by a car rental company, is an insurer for the purpose of Ontario’s ‘pay first dispute later’ […]
By Canadian Underwriter | April 22, 2015
5 min read
OKLAHOMA CITY – The Oklahoma Geological Survey said Tuesday it is “very likely” that most of the state’s recent earthquakes were triggered by the subsurface injection of wastewater from oil and natural gas drilling operations. Geologists have been studying the cause of hundreds of earthquakes that have shaken the homes and the nerves of residents […]
3 min read
The federal government promised Tuesday to invest $36.4 million over five years to help “operators of vital cyber systems” increase security, and to provide $1.33 billion over six years to the Canada Foundation for Innovation, which has invested in the past in cyber research and in a facility that the Institute for Catastrophic Loss Reduction […]
The Insurance Council of Australia (ICA) has received more than 19,500 claims, with losses estimated at AUD$129 million as of 7 a.m. on Wednesday, following a storm that affected parts of New South Wales (NSW). The ICA said in a press release on Wednesday morning that it had declared a catastrophe for the affected parts […]
2 min read
HALIFAX – A class-action lawsuit has been filed over last month’s plane crash at the Halifax airport, alleging that passengers suffered physical and psychological injuries as a result, a law firm said Tuesday. The statement of claim from MacGillivray Injury and Insurance Law names Air Canada, Nav Canada, the Halifax International Airport Authority and an […]
By Canadian Underwriter | April 21, 2015
Canada’s Minister of Public Safety and Emergency Preparedness, Steven Blaney, has launched the first call for proposals for the National Disaster Mitigation Program (NDMP). In the federal government’s Economic Action Plan 2014, it committed to providing $200 million in funding over five years, starting in 2015-16, to develop the NDMP, Public Safety Canada noted in […]
Amid concerns about “bandit taxi cabs” operating without proper commercial auto insurance, Ontario politicians recently voted in favour of a bill proposing to raise fines – and introduce license suspensions and vehicle impoundment on second offence – of drivers caught transporting passengers for compensation without a permit. “I know, when I step into a licensed […]
The Toronto-based Institute for Catastrophic Loss Reduction (ICLR) will host a forum next month on the status of the recovering wildfire affected communities of Slave Lake, Alta. and Kelowna, B.C. The risk reduction status of the recovering wildfire impacted communities of Slave Lake and Kelowna forum will be held from 10 a.m. to 11:30 a.m. […]
PERTH-ANDOVER, N.B. – A western New Brunswick village has removed a mandatory evacuation order as officials say any immediate risk of flooding from an ice jam appears to have passed. The community of Perth-Andover declared a state of emergency on the weekend over flooding concerns from the St. John River and a mandatory evacuation was […]
By Canadian Underwriter | April 20, 2015
The Co-operators and Farm Mutual Reinsurance Plan have announced the creation of the Partners for Action (P4A) Network at the University of Waterloo’s (UoW) Faculty of Environment, which will work to advance flood resiliency in Canada in the face of climate change. The two founding partners have committed $1.1 million to the new applied research […]
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