Claims
HALIFAX – Atlantic Canadians enjoying a relatively mild fall season are bracing for a sudden blast of wintry weather. Environment Canada has issued weather warnings in all four provinces as a low-pressure system approaches the region armed with heavy snow, ice pellets and rain. Forecasters say the heaviest snowfall is expected in New Brunswick, where […]
By The Canadian Press | November 26, 2014
1 min read
Catastrophe Indices and Quantification Inc. (CatIQ) has declared the windstorm that hit the southern regions of Ontario and Quebec over Monday night to be a catastrophe. “Downed hydro lines delayed Toronto Go Train when the track was blocked by live wires,” CatIQ said. “The wind uprooted trees which caused extensive damage to houses and automobiles.” Read more: Cleanup begins after wicked […]
By Canadian Underwriter | November 25, 2014
3 min read
Home Depot faces at least 44 lawsuits in the United States and Canada over a massive data breach earlier this year that affected 56 million debit and credit cards. The nation’s biggest home improvement retailer said Tuesday in a regulatory filing that several state and federal agencies also are looking into the data breach and […]
2 min read
The global non-life reinsurance industry is expected to have a combined ratio of 90% this year and 100% in 2015, while underwriting standards in property & casualty insurance “will need to improve,” Swiss Re Ltd. stated in a report released Tuesday. “Based on preliminary data, the reinsurance industry is expected to report a combined ratio […]
TORONTO – One of Canada’s leading weather watchers has bad news for anyone hoping to avoid the deep freeze of last winter – you’re probably out of luck. The Weather Network’s winter outlook for Canada is calling for conditions that prevailed a year ago to be more or less repeated across the country. Chief Meteorologist […]
By The Canadian Press | November 25, 2014
TORONTO – Wind warnings have ended but the cleanup has just begun after extreme winds swept through southern Ontario and parts of Quebec overnight. Strong winds downed trees and hydro lines, knocking out power to thousands of residents in both provinces. At the height of the winds Monday night, Ontario’s Hydro One reported 400 outages […]
The third quarter of 2014 continued a trend for global insurance rates in some respects – marking the sixth consecutive quarter of decreases – but was different in that the slide in rates has accelerated from the beginning of the year, notes a new report from Marsh. The Marsh Global Insurance Index shows an overall […]
The Insurance Information Institute (I.I.I.) is cautioning that last week’s arctic cold surge and heavy snow accumulations in large parts of the United States could signal a repeat of this past winter’s deep freeze and set the stage for potential hazards for homeowners and drivers. A repeat of this past winter’s deep freeze is possible, […]
By Canadian Underwriter | November 24, 2014
BUFFALO, N.Y. – People in storm-affected areas around Buffalo began returning to work on Monday as fast-melting mounds of snow fed into creeks that were starting to swell. It was not clear how widespread flooding would be almost a week after western New York was pummeled by epic snowfall. Thermometer readings were approaching 60 degrees […]
TOKYO – Dozens of villagers remained in shelters Monday as aftershocks rattled a region in central Japan hit by a weekend earthquake that injured at least 41 people and destroyed more than 50 homes. The damage in a mountainous area that hosted the 1998 Winter Olympics was worse than initially thought, though many were rejoicing […]
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