Claims
HALIFAX – Environment Canada is warning that tropical storm Arthur could impact Atlantic Canada this weekend. The Canadian Hurricane Centre says the storm is expected to intensify to hurricane strength Wednesday night as it moves northeastward up the East Coast of the United States. The forecaster says a trough of low pressure will be moving […]
By The Canadian Press | July 2, 2014
1 min read
Two separate tornadoes that touched down in southern Ontario this June are not expected to trigger reinsurance. And although the "jury is still out" on whether or not twisters are becoming more intense, the economic losses from convective storms are clearly on the rise.
By Greg Meckbach, Associate Editor | June 30, 2014
7 min read
What are the obstacles to production of a plaintiff's Facebook content in the wake of the 2009 Ontario ruling, Leduc v. Roman? Are Ontario courts now too hesitant to make findings of relevance following the 2010 amendments to Rule 30, which addresses discovery of documents, under the Rules of Civil Procedure?
By Belinda Bain, Partner; and Julia Vizzaccaro Student at Law, Gowlings | June 30, 2014
New guidelines from the Office of the Superintendent of Financial Institutions will require property and casualty insurers operating in Canada to consider their exposure across the entire country. However, the guidelines do not consider earthquake risk from a fully probabilistic perspective, which could have implications for some insurers.
By Justin Moresco, Manager, Model Product Management, RMS | June 30, 2014
4 min read
Facing catastrophe losses that are both more frequent and severe, insurers/reinsurers in Canada require accurate and actionable detailed analysis and insured loss estimates to be able to effectively manage associated risks.
By Joel Baker, Chief Executive Officer, Catastrophe Indices and Quantification Inc. (CatIQ Inc.) and MSA Research Inc. and Carolyn Rennie, Director of Catastrophic Loss Analysis, CatIQ | June 30, 2014
EDMOND, Okla. – Earthquakes that have shaken Oklahoma communities in recent months have damaged homes, alarmed residents and prompted lawmakers and regulators to investigate what’s behind the temblors – and what can be done to stop them. Hundreds of people are expected to turn out in Edmond, Oklahoma, on Thursday night for a town hall […]
By Canadian Underwriter | June 27, 2014
3 min read
MANILA, Philippines – The Philippines has passed a law that requires cellphone companies to send warnings to millions of people in the path of deadly typhoons, volcanic eruptions and earthquakes in an effort to reduce the high number of fatalities that occur almost every year. The measure was in response to one of the deadliest […]
DETROIT – General Motors Co. is recalling more than 29,000 Chevrolet Cruze compact cars because metal parts in the air bag assemblies can hit the driver and passengers if the bags are inflated. The cars, from the 2013 and 2014 model years, were built with an incorrect baffle, and that can cause the air bag […]
2 min read
Much of the damage from the recent tornado that struck Angus, Ont. could have been prevented with inexpensive building changes, according to a storm damage assessment completed hours after the storm passed. The EF2 tornado hit the area on June 17, and damaged more than 100 homes. Just hours later, Western University engineering’s Storm Damage […]
By Canadian Underwriter | June 26, 2014
EDMONTON – Thousands of people are still waiting for their disaster recovery claim payments a year after devastating floods hit 30 communities in southern Alberta. A report into the provincial government’s response to the June 2013 disaster shows that less than half of 10,486 claims have been paid out at a cost of about $75 […]
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