Claims
The Institute for Catastrophic Loss Reduction will be hosting a seminar on tackling hailstorm losses. Part of its ongoing Friday Forum series, the Dec. 12 ICLR presentation will host Dr. Tanya Brown, leader research engineer and director of hail research at the Insurance Institute for Business and Home Safety (IBHS) Research Center. “Hailstorms consistently cause some […]
By Canadian Underwriter | November 21, 2014
2 min read
DETROIT – The nation’s auto safety agency is telling Chrysler to speed up a recall of 1.5 million older Jeeps with gas tanks that can rupture in a rear collision. The National Highway Traffic Safety Administration sent a letter to Chrysler on Wednesday saying that a “woeful” 3 per cent of the Jeeps have been […]
WASHINGTON – There were apologies and long-winded explanations, but after nearly four hours of testimony about exploding Takata air bags, senators never got a clear answer to the question most people have: whether or not their cars are safe. During a hearing Thursday before the Senate Commerce Committee, Takata’s quality chief apologized for the air […]
3 min read
WASHINGTON – Despite a bitter U.S. cold snap, the globe is rushing hell-bent toward its warmest year on record with last month setting the fifth monthly heat record of year. The National Oceanic and Atmospheric Administration announced Thursday that last month was the hottest October on record worldwide. The 58.43 degrees Fahrenheit (14.74 Celsius) beat […]
By Canadian Underwriter | November 20, 2014
The Insurance Bureau of Canada said Thursday it welcomed the news that the Ontario legislature has passed Bill 15, the Fighting Fraud and Reducing Automobile Insurance Rates Act. “It’s a great step and strikes a blow at those in the car accident business who have wrongly profited from the current auto insurance product,” said Ralph […]
TORONTO – The Ontario legislature passed a bill Thursday aimed at reducing car insurance premiums an average of 15 per cent by next August from where they were in the summer of 2013. The government said rates have fallen about six per cent since it first introduced the bill, which is aimed at tackling fraud […]
4 min read
WINNIPEG – Manitoba farmers who were flooded this summer are to receive just over $1 million in compensation. The government says 1,000 hectares of land immediately around the Portage Diversion will be eligible for compensation. Agriculture Minister Ron Kostyshyn says the province used the diversion to manage flood water coming from Saskatchewan to protect homes […]
By The Canadian Press | November 20, 2014
1 min read
OTTAWA – Canadian railways will have until Jan. 1, 2017, to obtain an operating certificate from Transport Canada under new safety rules announced by the minister. New railway entrants to the Canadian market must obtain a “Railway Operating Certificate” before they hit the tracks, but Canada’s existing 66 rail companies have been given two years […]
GATINEAU, Que. – The Transportation Safety Board says it will conduct an in-depth safety investigation into the risks that persist in air taxi operations across Canada. “The air taxi sector of the aviation industry has seen 175 deaths over the last 10 years – 65 per cent of all commercial aviation fatalities – and we […]
By The Canadian Press | November 19, 2014
FREDERICTON – The New Brunswick government has announced financial help for those affected by the estimated $12.6 million worth of damage caused by post-tropical storm Arthur. Arthur blew through the province July 5 bringing rain and heavy winds that caused widespread flooding and prolonged power outages. Public Safety Minister Stephen Horsman says homeowners and businesses […]
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