Claims
OTTAWA, Ont. – Nine months after promising to toughen drunk-driving laws, Justice Minister Peter MacKay still has not introduced legislation – and an adverse constitutional ruling from the Supreme Court of Canada may help explain why. The high court threw out an element of the 2008 “Tackling Violent Crime Act,” in a little-noticed constitutional pushback […]
By Canadian Underwriter | May 12, 2014
3 min read
KASHECHEWAN, Ont. – An evacuation of all remaining residents in the northern Ontario First Nation of Kashechewan was to be carried out Monday because of the threat of rising floodwaters, said an official with the provincial government. Community leaders in the remote community of 2,000 asked the federal and Ontario governments to help move all […]
By The Canadian Press | May 12, 2014
2 min read
KARACHI, Pakistan – A moderate earthquake rattled several towns in southern Pakistan before dawn Friday, killing one person and injuring 70, a government official said. The magnitude 5 quake struck the district of Nawabshah, about 400 kilometres (240 miles) northeast of Karachi, the capital of southern Sindh province, said Roshan Ali Sheikh, the top official […]
By Canadian Underwriter | May 9, 2014
ESTEVAN, Sask. – Four tanker cars carrying crude oil derailed in Estevan, Sask., but officials say there were no spills or leaks. Estevan police chief Paul Ladouceur says a few businesses were initially evacuated as a precaution on Thursday morning, but an assessment has since shown there isn’t any risk to the public. There were […]
By The Canadian Press | May 9, 2014
1 min read
MEXICO CITY – A strong earthquake on the Pacific coast of Mexico shook the capital on Thursday, sending frightened office workers streaming into the streets away from high-rise buildings. The 6.4-magnitude temblor in southern Guerrero state had an epicenter about 9 miles (15 kilometres) north of Tecpan de Galeana and about 171 miles (277 kilometres) […]
By Canadian Underwriter | May 8, 2014
Munich Re has reported a profit of 924 million euros for the first quarter of the year, down from 970 million euros in the same period of 2013, but keeping it on track for its annual profit target. “Our operating earnings are robust,” CFO Jörg Schneider said in a statement on the first quarter earnings. […]
RSA Insurance Group plc released Thursday an interim management statement for the first three months of 2014, reporting rate increases in Canada while premiums dropped. “Poor weather in the U.K., Ireland and Canada negatively impacted first quarter profit,” RSA Group stated. “On a geographic basis we have good results in Scandinavia and Emerging Markets and […]
FirstOnSite Restoration has launched a mobile applications to allow the disaster restoration provider to connect with customers 24 hours a day, seven days a week. Developed by the firm’s in-house technology group, new app is available for Android, iPhone and Blackberry and is part of the company’s ongoing efforts to facilitate emergency preparedness and business […]
Economical Insurance’s first quarter 2014 net income of $1 million declined dramatically over the same period of 2013, when it saw a $26.9 million result. Severe winter weather also caused the Waterloo, Ont.-based insurer’s combined ratio to increase to 105.5% from 96.9% in Q1 of 2013. Pre-tax catastrophe losses for the firm totaled $13 million […]
By Canadian Underwriter | May 7, 2014
Allstate Corp. has reported net income of $600 million for the first quarter of 2014, down from $709 million in the first three months of 2013. Net income available to common shareholders reported for the quarter was $587 million. Operating income for the quarter was $588 million, down from $647 million in the prior year […]
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