Claims

More than half of polled Canadians misinformed about earthquake coverage

The majority of Canadians included in a new survey from Square One Insurance believe that the government will provide financial assistance to homeowners and renters for damage from earthquakes. “According to our recent survey, virtually all Canadians correctly assume that earthquakes can occur anywhere in the country,” Daniel Mirkovic, president of Vancouver-based Square One said […]

By Canadian Underwriter | August 26, 2014

2 min read

ICBC to ask for 5.2% increase to basic insurance rates

The Insurance Corporation of British Columbia will file a basic insurance rate application with the British Columbia Utilities Commission (BCUC) on Friday asking for a 5.2% increase to basic insurance rates. If the new application is approved, this will mean, on average, approximately $3 extra per month for customers, ICBC said Tuesday. Theapplication will ask BCUC […]

By Canadian Underwriter | August 26, 2014

2 min read

Ontario to reintroduce bill to toughen penalties for distracted driving

TORONTO – Drivers in Ontario could soon face much stiffer penalties for texting behind the wheel, as the governing Liberals are set to reintroduce a bill that would boost the maximum fine to $1,000. Transportation Minister Steven Del Duca said Tuesday that he plans to reintroduce the distracted driving bill, which died when the June […]

By The Canadian Press | August 26, 2014

2 min read

California quake leads to renewed calls for earthquake early warning system after Napa temblor

SAN FRANCISCO – In the coming years, Californians could have valuable seconds of warning before earthquakes such as this week’s wine country temblor reach them, allowing trains to slow down or stop, power plants and factories to shut off valves, and schoolchildren to dive under desks to avoid falling objects. Earthquake early warning systems that […]

By Canadian Underwriter | August 26, 2014

3 min read