Claims
WASHINGTON – The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack against Sony Pictures Entertainment, providing the most detailed accounting to date of a hugely expensive break-in that could lead to a U.S. response. The FBI said in a statement it has enough evidence to […]
By Canadian Underwriter | December 19, 2014
1 min read
WASHINGTON – The U.S. government isn’t fully prepared to handle a nuclear terrorist attack or a large-scale natural catastrophe, lacking effective co-ordination, and in some cases is years away from ensuring adequate emergency shelter and medical treatment, congressional investigators have found. The report by the nonpartisan Government Accountability Office, obtained by The Associated Press before […]
2 min read
BEIJING – Faced with rising cybercrime like the attack on Sony Pictures Entertainment, companies worldwide are under pressure to tighten security but are hampered by cost and, for some, reluctance to believe they are in danger. The Sony attack, which U.S. officials blamed on North Korea, was unusual because it included threats of violence if […]
4 min read
Underwriting performance in the U.S. property and casualty industry in the first nine months of this year still lagged behind 2013, but remained favorable, rating agency A.M. Best said Thursday. Overall, the U.S. P&C industry did post an underwriting profit of $2.9 billion for the first three quarters of the year, the seventh consecutive quarter […]
By Canadian Underwriter | December 18, 2014
DENVER – Researchers say they have collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. Now, they want to expand the project in hopes of learning more about how tornadoes form. Drones can penetrate parts of weather systems that other instruments can’t reach, and they can do it at less […]
3 min read
NEW YORK – The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business. The fallout from the hack that exposed a trove of sensitive documents, and this week escalated to threats of terrorism, forced Sony to cancel […]
6 min read
CALGARY – The Transportation Safety Board says unprecedented flood water was to blame for a derailment and partial bridge collapse in Calgary last year. The Bonnybrook bridge over the swollen Bow River gave way beneath a Canadian Pacific Railway train (TSX:CP) on June 27 as the city was trying to recover from high water that […]
By Canadian Underwriter | December 17, 2014
CALGARY – The Transportation Safety Board of Canada is to release its report today about a bridge failure and freight train derailment in Calgary during a devastating flood. The Bonnybrook bridge over the swollen Bow River gave way underneath a Canadian Pacific Railway train on June 27, 2013, while the city was trying to recover […]
By The Canadian Press | December 17, 2014
At US$34 billion, estimated insured losses from natural catastrophes and man-made disasters in 2014 were still high, despite being well below recent annual averages and being significantly below the US$45 billion tab for 2013, note preliminary estimates from Swiss Re’s sigma. Sigma figures released Wednesday show that of the US$34 billion in estimated insured losses […]
WINNIPEG – Flood forecasters in Manitoba say most major rivers and lakes are at above normal water levels for this time of year. They say soil moisture conditions are also higher than normal. Water-watchers are keeping a close eye on the Assiniboine, Qu’Appelle and Souris river basins in particular. They say those watersheds could see […]
By The Canadian Press | December 16, 2014
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