Claims
WASHINGTON – The world still isn’t close to preventing what leaders call a dangerous level of man-made warming, a new United Nations report says. That’s despite some nations’ recent pledges to cut back on carbon dioxide emissions. The report looks at the gap between what countries promise to do about carbon pollution and what scientists […]
By Canadian Underwriter | November 19, 2014
3 min read
ATLANTA – The outgoing chair of the U.S. Nuclear Regulatory Commission said Tuesday the industry must finish making the safety changes required after a nuclear disaster in Japan, and it faces unresolved questions over how to store nuclear waste as existing plants close. Allison Macfarlane became the agency’s leader in July 2012 after the stormy […]
Calculating contingent business interruption losses from catastrophes can be difficult, and in order to do this, commercial policyholders need to know where their suppliers and customers are located and what risks they face in those locations, an official with Aon Benfield suggested Tuesday. Over the last 20 years, there has been an “exponential increase” in […]
By Canadian Underwriter | November 18, 2014
Underinsurance, both in developing countries and industrialized nations, is presenting a threat to economic development and overall societal well being, a new report from the Geneva Association suggests. Last year, total insurance premiums totaled roughly US$4.65 trillion, or 6.3% of global GDP, the insurance think tank says in its report. Industrialized countries account for roughly […]
2 min read
The percentage of people who admit to texting while driving has remained stable over the past six years, according to research from State Farm in the U.S. In 2009, 31% of respondents to the State Farm-commissioned poll indicated that they text while drive, while that increased slightly to 33% this year. However, among drivers between […]
The number of terrorism events grew 44% between 2012 and 2013, with lives lost also jumping 61% year over year, according to a report released Tuesday by the Institute for Economics and Peace. There were 9,814 terrorist attacks recorded last year, which resulted in nearly 18,000 deaths, according to the organization’s Global Terrorism Index. Explosives […]
1 min read
The owner and operator of a Toronto towing firm is facing several fraud-related charges after an investigation was prompted by Aviva Canada. Jainauth Sounauth, 53, of Kam’s Towing & Recovery has been charged with False Pretence, Forgery, Uttering a Forged Document and Fraud Under $5,000. He is scheduled to make his first court appearance in […]
Nearly two-thirds of drivers surveyed believe self-driving cars “are a dangerous idea,” while 61% are “likely to consider” safety features — such as parking assist and collision avoidance systems — on their next vehicle purchase, AutoTrader.com reported Monday. Atlanta-based Autotrader.com, which lists vehicles for sale, released the findings of its 2014 In-Vehicle Technology Shopper Influence […]
By Canadian Underwriter | November 17, 2014
BANFF, Alta. – Delegates at the Alberta Progressive Conservative convention have endorsed toll roads, railway ferries and rules for drivers who use medical marijuana. The resolutions passed at the weekend convention could form some of the policy planks for the Alberta Conservatives going into the 2016 provincial election. Ivonne Martinez, the vice-president of policy for […]
WELLINGTON, New Zealand – A strong magnitude-6.7 earthquake that struck off the New Zealand coast Monday morning rattled much of the country but did not result in any initial reports of damage or injuries. The quake hit 178 kilometres (110 miles) northeast of the North Island city of Gisborne, according to the United States Geological […]
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