Claims
The Institute for Catastrophic Loss Reduction announced it will hold a webinar March 6, in which an atmospheric sciences expert will discuss research linking extreme weather events to rapid warming in the Arctic. The webinar is scheduled March 6 from 10 to 11:30 a.m. Jennifer Francis, a research professor with the New Brunswick, N.J.-based Rutgers […]
By Canadian Underwriter | February 24, 2015
1 min read
Aviva Canada reports that one of its policyholders in Quebec is scheduled to appear in court today on criminal charges that allege he set fire to his house with the intent to defraud. Following an investigation by the Sûreté du Québec, Daniel Vallières was charged in mid-December with arson – disregard for human life, arson […]
By Canadian Underwriter | February 20, 2015
The Insurance Council of Australia (ICA) has declared a catastrophe for parts of central Queensland as Severe Tropical Cyclone Marcia brought damage to the area and is expected to cause more loss. A catastrophe declaration means that the ICA has established a taskforce of insurers to identify and address issues that arise, activated its disaster […]
3 min read
PERILS has issued an initial estimate of the insured property market loss for windstorm Elon-Felix, which hit parts of western and northern Europe in early January, at 328 million euros. “Elon-Felix is the first event of the European winter storm season 2014/2015 which exceeds the PERILS loss capturing trigger of 200 million euros,” Luzi Hitz, […]
By Canadian Underwriter | February 19, 2015
2 min read
In a move welcomed by Ontario’s insurance brokers’ association, Aviva Canada announced Thursday that this May, it will offer Ontario and Alberta homeowners an overland water endorsement – coverage which has generally not been available to Canadian homeowners – insuring losses arising from the accumulation or run off of surface waters. “In general,” overland flooding […]
With a view to ensuring customers are treated fairly, the Autorité des marchés financiers (AMF) has launched proceedings for sanctions against the commercial practices of nine automobile dealers and one damage insurance firm in Quebec related to the unauthorized sale of automobile insurance. The regulatory and oversight body for Québec’s financial industry notes in a […]
4 min read
The Court of Appeal for Ontario has overturned an earlier decision in a lawsuit arising from an auto collision, finding that the defendants breached the province’s Rules of Civil Procedure in making a video of surveillance of the plaintiff an exhibit – and cross-examining the plaintiff on its contents – without having disclosed the existence […]
By Canadian Underwriter | February 18, 2015
The City of Toronto’s Subcommittee on Climate Change Mitigation and Adaptation plans to hold its inaugural meeting March 2 and the public is invited to make recommendations on its terms of reference, the city recently announced. That subcommittee was established by the City of Toronto’s parks and environment committee. “The first meeting will be an […]
By Canadian Underwriter | February 17, 2015
BOSTON – Exasperated New Englanders still digging out from three major storms that left 6 feet or more of snow in many areas are bracing for what’s expected to be another punishing blast of winter this weekend. The National Weather Service issued a blizzard warning for all of eastern Massachusetts and coastal areas of Maine […]
By Canadian Underwriter | February 13, 2015
The Insurance Bureau of Canada announced Thursday it “welcomes” an Ontario government discussion paper – also published Thursday – which asks for input on several issues related to climate change, including how a carbon tax should be designed and how building codes should be changed to encourage more renewable energy use. Climate change is already […]
By Canadian Underwriter | February 12, 2015
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