Claims
There are reports of structural damage to unreinforced masonry (URM) buildings, with toppled brick parapets being more widespread, in Napa, California’s historic downtown following a magnitude 6.0 earthquake that struck 80 km west-southwest of the state capital of Sacramento Sunday, AIR Worldwide reports. “While it is too soon to assess the extent of damage from […]
By Canadian Underwriter | August 25, 2014
4 min read
SCM Insurance Services has acquired the property and casualty businesses of Granite Global Solutions, SCM announced Monday. Terms of the deal were not disclosed. The businesses acquired include Granite Claims Solutions, a national adjusting firm; Granite Health Solutions, a provider of medical assessments and health services; CKR Global, a national provider of risk mitigation and […]
3 min read
NAPA, Calif. – A large earthquake caused significant damage and left three critically injured in California’s northern Bay Area early Sunday, igniting fires, sending at least 87 people to a hospital, knocking out power to tens of thousands and sending residents running out of their homes in the darkness. Two adults and one child have […]
By Canadian Underwriter | August 24, 2014
The Institute for Catastrophic Loss Reduction will be hosting a workshop on the role of groundwater in flooding on Sept. 24. Part of its ongoing Friday Forum series, the ICLR event will feature Cathy Ryan, a professor in geoscience at the University of Calgary. Ryan is trained as a geotechnical engineer and hydrogeologist. She has […]
By Canadian Underwriter | August 22, 2014
1 min read
The Royal Bank of Canada released Friday its financial results for the three months ending July 31, reporting net earned premiums in insurance — including home, auto, travel and life and group benefits — of $923 million, down 1.9% from $941 million during the same period in 2013. RBC did not break out its property […]
2 min read
SAN DIEGO – About 63 trillion gallons of water have been lost to drought in the western United States, enough to blanket the region with 4 inches of water, according to a study published Thursday. Researchers at the Scripps Institution of Oceanography at the University of California, San Diego, arrived at the conclusion by measuring […]
Police caught more than 4,000 drivers exceeding the speed limit during a province-wide traffic safety spotlight focusing on speeding in July, SGI reported this week. In total, law enforcement issued 4,028 speeding violations during the month, including: Police also issued 426 seatbelt violations, 544 tickets for distracted driving (457 of those for cell phone use) […]
By Canadian Underwriter | August 21, 2014
HALIFAX – Nova Scotia’s energy minister is expressing skepticism with a key part of Nova Scotia Power’s response on its restoration efforts following post-tropical storm Arthur, saying the company’s position that more trees need to be trimmed to prevent power lines from coming down is simplistic. “I’m a little bit disappointed that Nova Scotia Power […]
Canada’s Transportation Safety Board is concerned that some small air carriers and flight training schools are not required to have safety management systems and that railways are not required to have on-board video and voice recorders in locomotives, TSB said in a report to parliament Wednesday. TSB — whose mandates include accident investigations involving aviation, […]
5 min read
RMS’s updated terrorism model reflects a reduction in large-scale event attack frequency for cities in Canada, Denmark, Ireland, Italy and the United Kingdom, the catastrophe modelling firm reports. The updated Probabilistic Terrorism Model “shows a 15% to 35% reduction in the overall attack frequency of large-scale events for Copenhagen, Dublin, London, Milan, Montreal and Toronto, […]
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