Claims
SAN JUAN, Puerto Rico – Tropical Storm Bertha approached the Caribbean on Friday as islands in the eastern region prepared for heavy rains and strong winds. The storm’s maximum sustained winds increased slightly late Friday morning to 50 mph (85 kph), but no significant change in strength is expected in the next two days. Bertha […]
By Canadian Underwriter | August 1, 2014
2 min read
Growth and increased net earned premium in core lines of business helped Co-operators General Insurance Company’s consolidated income move from a net loss of $5.9 million the second quarter of 2013 to net income of $58.1 million in the same period this year. “In the quarter, we experienced tremendous growth and increased net earned premium […]
A junior underwriter is being tested by ethical dilemmas, but her manager does not seem open to providing guidance. On one occasion, she feels compelled to seek advice from a manager in another department, which creates tension between her and her manager. Is it okay for her to seek advice from someone other than her manager?
By The CIP Society of the Insurance Institute of Canada | July 31, 2014
7 min read
Lessons learned on the ground from the EF2-rated tornado that touched down in Essa Township June 17 could prove of value to communities, responding agencies and insurers in future disasters.
By Alex Vinden, Associate, Giffin Koerth | July 31, 2014
6 min read
A recent case out of Alberta considering relief from forfeiture illustrates the need for fleet and risk managers to carefully consider vehicle fleet lists provided to and by insurers to ensure comprehensive coverage.
By Murray Harris, Senior Associate; and Graham Henderson, Associate; McLennan Ross LLP | July 31, 2014
A 2014 ruling by the Court of Appeal for Ontario, which considers the province's "pay first, dispute later" regime for insurance, demonstrates the importance of substance over convenience in determining what contracts fall within the ambit of this regime.
By Mark Gelowitz, Senior Partner; and Gerard Kennedy Associate, Osler, Hoskin & Harcourt LLP | July 31, 2014
Although brokers and insurers generally do not send mass e-mail solicitations, some industry activities - such as prospecting, use of third-party marketing services and even social media - may get caught in the web of Canada's new anti-spam legislation.
By Craig Harris, Freelance Writer | July 31, 2014
TOKYO – A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster. A document released by the panel on Thursday showed it voted in favour of indicting Tsunehisa Katsumata, chairman of Tokyo Electric Power Co. at […]
By Canadian Underwriter | July 31, 2014
BUCHAREST, Romania – A second person has drowned after rivers burst their banks in Romania, authorities said Thursday, and the flooding also caused damage across the Balkans, inundating a power plant in Serbia and causing landslides in Montenegro. Forecasters issued a severe weather warning for parts of southern Romania, which has been worst hit by […]
LOS ANGELES – Hundreds of cars submerged below murky water. A landmark basketball court, newly refurbished, showing signs of buckling. Soaked and stained carpets. An athletic track coated in mud. The cost of the damage hasn’t been pegged from the rupture of a pipeline that spewed more than 20 million gallons of water, but officials […]
5 min read
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