Claims
DETROIT – General Motors is adding 35 product safety investigators as part of a larger restructuring in response to a series of safety recalls. GM says the new investigators will more than double the size of its current team, to 55. The company is also dividing its global vehicle engineering organization into two sections. A […]
By Canadian Underwriter | April 22, 2014
1 min read
The United States government will likely extend the Terrorism Risk and Insurance Act (TRIA) beyond the end of 2014, but if it does not, there will likely be “limited capacity” and higher prices for such coverage, especially for properties in the central business districts in major cities, commercial brokerage and risk management provider Marsh Inc. […]
3 min read
SELKIRK, Man. – Areas of southern Manitoba are making preparations for rising rivers. The crest of the Red River was near Ste. Agathe on Monday and should reach Winnipeg either Tuesday or Wednesday. The City of Selkirk was taking measures to protect low-lying areas along the riverbank in Selkirk Park. For a few anxious moments […]
By The Canadian Press | April 22, 2014
Private reinsurance for losses in the United States arising from terrorism is “supported by limited capital” and “generally” excludes attacks committed by “domestic agents” and those using nuclear, biological, chemical or radiological (NBCR) weapons, a recent report suggests. The U.S. President’s Working Group on The Long Term Availability and Affordability of Insurance for Terrorism Risk […]
By Canadian Underwriter | April 21, 2014
LONG BEACH, N.Y. – When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy’s effect on small businesses, he began nodding in agreement. “They got those numbers right,” the Long Beach, N.Y., businessman said of the results that found a […]
2 min read
The trend of wildfires across the western United States becoming larger and more frequent over the last 30 years could continue as climate change causes temperatures to rise and drought to become more severe in the coming decades, notes a new study. The number of wildfires of more than 1,000 acres in size in the […]
PERTH-ANDOVER, N.B. – A voluntary evacuation order has been lifted in the northwestern New Brunswick village of Perth-Andover, bringing relief to the community that was devastated by flooding two years ago. A massive ice jam breached the Grand Falls dam north of the community early Sunday and started heading for Perth-Andover, prompting concerns the St. […]
By The Canadian Press | April 21, 2014
SUSSEX, N.B. – Water levels in many parts of New Brunswick receded Thursday but Premier David Alward and Emergency Measures officials urged residents not to let their guard down because of a potential for more dangerous flooding. Alward spent the day touring areas that had been submerged Wednesday when heavy rain and ice jams caused […]
By Canadian Underwriter | April 17, 2014
Saskatchewan authorities ticketed just over 700 motorists last month during March’s traffic safety focus on seatbelt and car seat use in the province. Police were on the lookout for people not wearing a seatbelt, wearing one improperly or not having their children properly restrained in the vehicle, according to Saskatchewan Government Insurance, which helps lead […]
2014 is the third year in a row in which Property Claims Services (PCS) has not declared any weather catastrophes in Canada for the first quarter, while six catastrophe events in the United States resulted in US$2.2 billion in insured losses during the first three months of this year. Insurance Services Office (ISO) Inc.’s PCS […]
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