Claims
TORONTO – The Ontario government will provide up to $190 million to help municipalities pay for the cost of cleanup and recovery from the pre-Christmas ice storm. Municipal Affairs Minister Linda Jeffrey says the money will be divided up among the 32 towns and cities that requested financial help from the province, including Toronto. Hard-hit […]
By The Canadian Press | February 26, 2014
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Drinking and driving-related deaths have decreased by 52% in the few years since British Columbia passed tougher laws, the provincial government said this week. The Immediate Roadside Prohibition (IRP) program was launched in September 2010, in honour of four-year-old Alexa Middelaer, who was killed by a drunk driver in 2008. At that time, the province set […]
By Canadian Underwriter | February 26, 2014
This winter has been the wettest in the United Kingdom since detailed data was first published in 1910, notes an new advisory from catastrophe modelling firm AIR Worldwide. Total rainfall total for January was the highest recorded since 1766, AIR Worldwide reports, producing flooding in many parts of the country. As of noon on Feb. […]
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WASHINGTON – Federal regulators issued an emergency order Tuesday requiring more stringent testing of crude oil before shipment by rail to determine how susceptible the cargo is to explosion or fire, a response to a string of train accidents since last summer involving oil from the Bakken region of North Dakota and Montana. The order […]
4 min read
Insured losses from winter storms this year have reached more than $1.5 billion so far, the Insurance Information Institute in the United States said Monday. That estimate, from Property Claims Services at Verisk Analytics, is based on events between Jan. 1 and Feb. 21, with more than 175,000 claims paid to policyholders. The figures also […]
By Canadian Underwriter | February 25, 2014
TORONTO – An Ontario court has hiked the set fine for motorists caught driving while using a cellphone or other prohibited device. Chief Justice Annemarie Bonkalo of the Ontario Court of Justice has signed an order increasing the set fine to $225 from $125 starting March 18. That means drivers would face a fine of […]
HIGH RIVER, Alta. – The Alberta government is providing up to $2.5 million each for eight schools in Calgary and High River to protect themselves against flooding. Education Minister Jeff Johnson says the money will be made available if a school can show it needs flood mitigation not covered by insurance. Such measures may include […]
By The Canadian Press | February 24, 2014
Despite severe winter weather causing heavy property damage and business interruption losses in the United States over the past two months, insurers there will be likely to handle losses, according to a special report from A.M. Best. From early January to mid-February, much of the U.S. was struck by severe winter weather, including regions that […]
By Canadian Underwriter | February 24, 2014
WINNIPEG – Manitoba has a new chief flood forecaster. Fisaha Unduche was introduced to the media today as the replacement for Philip Mutulu, who resigned last summer. Unduche has 15 years of experience in the Netherlands and Manitoba, and has spent the last five years in the Water Stewardship Department. His predecessor faced accusations he […]
More than one in three Canadian respondents reported their businesses were subject to economic crime, and more than one in ten of those said economic crime cost their companies more than $5 million, a new report from PricewaterhouseCoopers LLP suggests. PwC published Monday the Canadian supplement to its 2014 Global Economic Crime Survey (GECS). In […]
3 min read
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