Claims
Some cybersecurity experts say it is unlikely North Korea was behind the cyberattack that crippled Sony Pictures’ computers and possibly leaked unreleased movies online. Speculation has been rampant that the hard-line communist state sponsored last week’s hack in anger over the new Sony movie ”The Interview,” in which Seth Rogen and James Franco play television […]
By Canadian Underwriter | December 3, 2014
3 min read
Willis Re, the reinsurance division of Willis Group Holdings, has released a new Japan Tsunami Model, which it says is the first with probalistic and deterministic modelling functions created by a broker. The new model combines tsunami loss information with earthquake shaking damage output. It provides both Willis Re and its clients the latest intelligence […]
2 min read
LIMA, Peru – With temperature data showing 2014 currently tied for the hottest year on record, the U.N. weather agency on Wednesday rejected claims that global warming has paused. The World Meteorological Organization said the global average temperature in January-October was 0.57 Celsius (1.03 Fahrenheit) above average, the same as in record hot year 2010. […]
Organized criminals in Canada are increasingly targeting Ford F-series trucks, with these vehicles occupying seven of the top 10 spots on the country’s most frequently stolen vehicle list for 2014, note figures released Wednesday by the Insurance Bureau of Canada (IBC). Although the incidence of auto theft in Canada has decreased – it dropped 8% […]
FREDERICTON – The premier of New Brunswick says his government will introduce legislation for a moratorium on fracking for shale gas during the fall legislative session that begins Wednesday and he wants it passed by Christmas. The Liberals, who won a majority government in the September election, campaigned on a promise to bring in a […]
By Canadian Underwriter | December 2, 2014
Americans in the region recently affected by major hurricanes such as Superstorm Sandy are showing the most concern about climate change and its impact on severe weather, according to a new survey from Munich Re. In the Climate Change Barometer telephone survey of more than 1,000 Americans, 83% said they believe climate change is occurring […]
The United Kingdom’s National Infrastructure Plan 2014, published Tuesday, includes injecting £2.3 billion into flood defences and £15 billion into road improvements. The plan commits to £2.3 billion of capital investment to more than 1,400 flood defence projects in an unprecedented six-year program of investment, notes information posted on government’s website. As a result of […]
1 min read
A bill before Canada’s senate would, if passed into law, require all Canadian-flagged ships – as well as foreign ships operating in Canadian waters – to have insurance covering the liability for pollution damage caused spills of hazardous and noxious substances, a Transport Canada official said recently. Bill C-3, the Safeguarding Canada’s Seas and Skies […]
By Canadian Underwriter | December 1, 2014
The Insurance Bureau of Canada (IBC) is applauding what it calls a strong sentence handed down in connection with a “directing mind of several clinics” involved in a Toronto-area staged collision ring. Vishnukanthan Sabapathy – who pleaded guilty to two counts of fraud over $5,000 for his involvement in false billings from health clinics and […]
Insured losses from tropical storms in 2014, as of November, were much lower than the 10-year average but the United States is likely to have a “more active tornado season” in the spring of 2015, Munich Re reported Monday. Insured losses from tropical cyclones, by the official end of the hurricane season in late November, […]
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