Claims
LETHBRIDGE, Alta. – The Alberta New Democrats are calling on the provincial government to ban all drilling in urban areas. NDP Leader Brian Mason spoke with Lethbridge media Thursday just two kilometres from where GoldenKey Oil wants to drill three exploratory wells. Mason said the Tory government is dragging its feet when it comes to […]
By The Canadian Press | February 7, 2014
1 min read
LONDON – Flood-hit villagers have lambasted Britain’s environment chief as he visited part of southwest England where thousands of acres (hectares) have been underwater for more than a month. Environment Agency chairman Chris Smith has been criticized for the failure to dredge rivers on the low-lying Somerset Levels, where farmland has been inundated and villages […]
By Canadian Underwriter | February 7, 2014
The Allstate Corp. released Wednesday its financial results for the 2013 calendar year, recording a 13.7-point drop in its fourth-quarter loss ratio, a 4% year-over-year increase in fourth-quarter property-liability premiums earned and a slight drop in net investment income. In filings with the United States Securities and Exchange Commission, Northbrook, Ill.-based Allstate reported its combined property-liability […]
By Canadian Underwriter | February 6, 2014
2 min read
Severe winter weather in the United States in January caused insured losses in excess of $1.5 billion, according to the latest global recap report from Aon Benfield’s catastrophe model development arm, Impact Forecasting. The most severe and costliest weather occurred in the second week of the month, when more than 51cm of snow fell in […]
Lower catastrophe losses have allowed the property and casualty insurance industry in the United States to increase net income by an estimated 60% in 2013, according to a new special report from rating agency A.M. Best. Last year, the industry also saw a 4.8% increase in net premiums written, along with net income rising to […]
By Canadian Underwriter | February 5, 2014
Federal disaster assistance to Illinois tornado survivors affected by the severe storms in November has surpassed $21 million, according to the the Federal Emergency Management Agency (FEMA) and U.S. Small Business Administration. Related: Insured losses from U.S. Midwest storms will reach into hundreds of millions of dollars Since the Nov. 26 federal disaster declaration, FEMA’s Individual […]
LONDON – Heavy rain, high tides and strong winds pounded England’s southern coast Wednesday, washing away a stretch of rail line, damaging an iconic seaside pier and leaving thousands of homes without power. A section of seawall under the railway line collapsed at Dawlish in the county of Devon on the southwestern coast, severing the […]
TORONTO – Last summer, surging flood waters forced the evacuation of a section of Calgary that is home to 80,000 people. Over Christmas, an estimated three million people were affected by power outages caused by an ice storm that hit Central and Eastern Canada. Last month, 4,000 residents of polar vortex-gripped Niverville, Man., lost natural […]
4 min read
WASHINGTON – Aiming to help rural communities deal with climate change, the Obama administration is creating seven regional “climate hubs” that will serve as clearinghouses for information and outreach about extreme weather across the U.S. Agriculture Secretary Tom Vilsack was to announce the new hubs Wednesday at the White House. The hubs fulfil one aspect […]
Using social media can be critical for claims investigations, but keeping ethics top of mind is equally important, for both reputation and the success of a case, says one industry expert. “Any good claims investigator, in addition to using that smartphone, will also include social media investigations in his claims investigating toolkit,” said Carol Kreiling, […]
By Canadian Underwriter | February 4, 2014
3 min read
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