Claims
TORONTO – Insurance companies have cut payouts by billions of dollars over the past several years but motorists have seen little benefit by way of lower premiums, New Democrat Leader Andrea Horwath said Tuesday. Election campaigning at a mall in east-end Toronto, Horwath accused the minority Liberal government of siding with the insurance companies. “The […]
By Canadian Underwriter | May 13, 2014
2 min read
General Motors’ recall of 2.6 million small cars has shed light on an unsettling fact: Air bags might not always deploy when drivers – and federal regulators – expect them to. Thirteen people have died in crashes involving older GM cars with defective ignition switches. In each of those crashes, and in others in which […]
4 min read
The Institute for Catastrophic Loss Reduction (ICLR) is aiming to “influence” the construction of new homes in Canada and plans to demonstrate loss mitigation methods on two homes this year in Western Canada. In May 2013, ICLR showed the public a home in Quebec City, as part of its Showcase Homes program. The Quebec City […]
3 min read
SAINT JOHN, N.B. – The federal government says it is aiming to make polluters pay as it makes changes to legislation and regulations on oil tanker safety. But under proposed changes announced today by Transport Minister Lisa Raitt in Saint John, N.B., Ottawa stops short of following a recommendation from an expert panel to remove […]
By The Canadian Press | May 13, 2014
1 min read
WASHINGTON – The huge West Antarctic ice sheet is starting a glacially slow collapse in an unstoppable way, two new studies show. Alarmed scientists say that means even more sea level rise than they figured. The worrisome outcomes won’t be seen soon. Scientists are talking hundreds of years, but over that time the melt that […]
MONTREAL – Three employees of the railway company involved in last summer’s runaway oil train disaster that killed 47 people are due to appear in court Tuesday to face criminal negligence charges in the small Quebec town that was partially incinerated by exploding tanker cars. The charges come about 10 months after more than 60 […]
More than a third of Canadian small business owners don’t have contingency plans for work stoppages from severe weather or other interruptions, according to a new poll from CIBC. Based on a web survey of 500 small businesses (under 500 employees) conducted by Leger Marketing in February, 35% lack contingency plans, CIBC said. In Atlantic […]
By Canadian Underwriter | May 12, 2014
GIMLI, Man. – A Manitoba hotel owner says he has been forced to close his hotel and put it up for sale because Ottawa owes him $3 million in unpaid bills. Mike Bruneau, who owns Misty Lake Lodge in Gimli, says he’s owed the money for feeding and housing aboriginal people who were displaced by […]
By The Canadian Press | May 12, 2014
Federal politicians debated last week a bill that would, if passed into law, make ship owners strictly liable for damage caused by hazardous or noxious substances and require them to maintain insurance for such losses. “The proposed amendments to the Marine Liability Act will fill an important gap in the current liability and compensation regime […]
Insurance claim frequency in Israel dropped by approximately 44% for privately owned vehicles equipped with collision avoidance systems (CAS) compared to those without, suggests preliminary findings of a study commissioned by Israel’s Ministry of Finance and carried out by Ron Actuarial Intelligence. Fewer accidents means increased safety and lower insurance costs for both insurers and […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
