Claims

Ottawa proposes to broaden powers of federal officials to disclose confidential information under Excise Tax Act

The federal government recently tabled legislation that would broaden the circumstances under which government officials can release confidential information under the Excise Tax Act, which applies to some non-admitted insurers. Peter Van Loan, leader of the government in the House of Commons, tabled Bill C-51, the Anti-terrorism Act 2015, Thursday, on Parliament Hill. If passed […]

By Canadian Underwriter | February 2, 2015

3 min read

Deeper Pool

As Ottawa plans to increase the absolute liability on Canadian nuclear operators from $75 million to $1 billion, the association writing most of the coverage for operators is looking to deepen the pool by attracting new insurers in anticipation of more required capacity by the end of 2015.

By Greg Meckbach, Associate Editor|Greg Meckbach, Associate Editor | January 31, 2015

6 min read

The Cat Issue

Emergent trends in catastrophe management involve the use of location intelligence, satellite imagery and even early experiments with drones. The goal for insurance companies is to gather highly specific information to efficiently dispatch adjusters to target areas hit by natural disasters. However, the 48th annual joint CICMA/CIAA conference held in Toronto February 3 showed that catastrophes often extend to more than "just the weather." And when it comes to dealing with CATs, attendees learned that the core fundamentals of adjusting haven't really changed.

By Craig Harris, Freelance Writer|Craig Harris, Freelance Writer | January 31, 2015

12 min read

Adapting to Extreme Rainfall

The Institute for Catastrophic Loss Reduction celebrates leadership amongst Canadian cities in its latest publication.

By Sophie Guilbault, research coordinator, Institute for Catastrophic Loss Reduction|Sophie Guilbault, research coordinator, Institute for Catastrophic Loss Reduction | January 31, 2015

6 min read