Claims
Lloyd’s of London recently released a report that suggests global warming could either increase or decrease thunderstorm risk in the United States, but a rise in sea levels on the east coast could increase losses from storms similar to Hurricane Sandy. Catastrophe Modelling & Climate Change, which was produced by the exposure management and reinsurance […]
By Canadian Underwriter | May 15, 2014
3 min read
DETROIT – General Motors added five recalls to its growing list Thursday, pushing its total number of recalled vehicles to more than 11 million this year. GM’s recalls alone have the U.S. auto industry on pace to break the record of 30.8 million recalled vehicles set in 2004. The company said Thursday that it’s recalling […]
1 min read
NEW YORK – Some of the nation’s largest retailers are banding together in hopes of protecting consumers’ personal and financial information from hackers and thieves. The Retail Industry Leaders Association, along with several top retailers ranging from Gap Inc. to Walgreen Co., on Wednesday launched an intelligence sharing centre focused on the prevention of cybercrimes […]
2 min read
Aviva plc posted results in the first quarter of 2014 that were “reassuringly calm and stable, in marked contrast to the weather and regulatory developments,” the company reported Thursday. Overall, operating capital generation (OCG) in 2014 Q1 was £0.4 billion compared to £0.4 billion in 2013 Q1, with improved OCG in Europe offset by higher […]
MILDMAY, Ont. – Environment Canada says Ontario has its first confirmed tornado of the 2014 season. An Environment Canada survey team investigated wind damage from severe thunderstorms that roared across the Mildmay area southwest of Owen Sound on Tuesday afternoon. The team confirmed that wind damage was likely caused by a low end tornado with […]
By The Canadian Press | May 14, 2014
Insurance professionals need to be prepared in case natural catastrophes affect their own homes, and they also need to collaborate with competitors in order to develop an industry-wide solution for overland flooding, the head of a claims management firm’s Canadian subsidiary suggested Wednesday. “How equipped are we (personally) to be prepared for power outages?” Pat […]
By Canadian Underwriter | May 14, 2014
WASHINGTON – Tropical cyclones worldwide are moving out of the tropics and more toward the poles and generally larger populations, likely because of global warming, a surprising new study finds. Atlantic hurricanes, however, don’t follow this trend. While other studies have looked at the strength and frequency of the storms, which are called hurricanes in […]
Canadians report seeing many distracting driver behaviours, but few admit to being the ones fixing their hair while behind the wheel, according to a new survey from RSA. In the survey of 1436 Canadian drivers conducted online by Leger Marketing, 63% said they have witnessed other drivers putting on makeup, and 57% reported seeing others […]
FREDERICTON – Damage to homes, businesses and public infrastructure from spring flooding in New Brunswick is estimated by the provincial government to have exceeded $14 million. Public Safety Minister Bruce Northrup says more than 715 properties have reported flood damage since mid-April. He says the majority of the properties are in the Sussex area. Northrup […]
SAN DIEGO – Wildfires pushed by gusty winds chewed through canyons parched by California’s drought, prompting evacuation orders for more than 20,000 homes on the outskirts of San Diego and another 1,200 homes and businesses in Santa Barbara County 250 miles to the north. But as the threat eased late Tuesday, residents in San Diego […]
4 min read
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