Claims
Insured losses from two hurricanes hitting Bermuda and Hawaii this month are expected to be limited, Fitch Ratings said this week. Hurricane Gonzalo (making landfall as a Category 2 storm) and Hurricane Ana (making landfall as a Category 1 storm) threatened to cause major damage to Bermuda and Hawaii respectively, but neither event will contribute […]
By Canadian Underwriter | October 21, 2014
1 min read
TORONTO – Ontario motorists will face stiffer fines and penalties for texting while driving under legislation the Liberal government will re-introduce today. The previous bill to increase the maximum fine for distracted driving to $1,000 and impose three demerit points died when the June 12 election was called. Transportation Minister Steven Del Duca will reintroduce […]
By The Canadian Press | October 21, 2014
DETROIT – At least 29 people have died and 27 people have been seriously injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday. Feinberg says he has received 184 death claims since August. Of those, 29 have been […]
By Canadian Underwriter | October 20, 2014
WASHINGTON – Last month again set a new mark for global heat. And U.S. meteorologists say Earth is now on pace to tie the hottest year ever recorded, or more likely, to break it. The National Oceanic and Atmospheric Administration announced Monday that last month the globe averaged 60.3 degrees Fahrenheit (15.7 degrees Celsius). That […]
3 min read
The Insurance Bureau of Canada (IBC) and the Association du camionnage du Québec (ACQ) have partnered on a cargo theft reporting program, aimed at tackling what the groups say is a crime that costs Canadians $5 billion per year. The Programme provincial de déclaration de vol de cargaison launched in Quebec by IBC and ACQ, and in collaboration with the Service […]
ST. JOHN’S, N.L. – The Canadian Hurricane Centre is warning that Gonzalo could still be hurricane strength by the time it reaches southeastern Newfoundland early Sunday. Meteorologist Bob Robichaud said there is about a 30 per cent chance of the storm making landfall on the southern Avalon Peninsula. He said storm could track towards St. […]
By The Canadian Press | October 18, 2014
2 min read
HAMILTON, Bermuda – Hurricane Gonzalo crushed trees, flattened power lines and damaged Bermuda’s main hospital during an hours-long battering, but the tiny, wealthy British territory suffered no deaths. The storm’s centre crossed over Bermuda Friday night and its winds and heavy surf continued to whip at the island Saturday morning as Gonzalo quickly moved northward […]
By Canadian Underwriter | October 18, 2014
4 min read
The Allstate Corp. estimates its catastrophe losses were $517 million before taxes for the third quarter of 2014, the insurance carrier recently announced. All figures are in United States dollars. Those losses were comprised of 29 events at an estimated cost of $384 million, plus “increased reserve re-estimates of prior reported catastrophe losses,” Northbrook, Ill.-based […]
By Canadian Underwriter | October 17, 2014
A new approach to disaster risk and recovery must be adopted that takes into account how people and institutions think, behave and act in relation to risk, argues a new report issued Thursday by the International Federation of Red Cross and Red Crescent Societies (IFRC). IFRC’s 2014 World Disasters Report takes on the issue of […]
BANFF, Alta. – What was that? That’s what many people in the Alberta Rocky Mountain town of Banff were asking around suppertime Thursday. “That” turned out to be a small earthquake, said Garry Rogers, a scientist with the Geological Survey of Canada. The quake hit about 5:45 p.m. MT about four kilometres southwest of Banff […]
By The Canadian Press | October 17, 2014
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
