Claims
A group of non-profit and industry organizations have launched a new set of resources that identifies priorities for the insurance industry and cities to build resilience against climate change. “The Building Climate Resilience in Cities” resources were developed through a series of workshops in 2012 and 2013 in the United States and Canada, which included […]
November 30, 2013
1 min read
Changes need to be made to the current property insurance product for it to be sustainable, especially in the wake of major flooding in Alberta, several industry participants agreed during a recent event held by the Insurance Brokers Association of Alberta (IBAA). On Sept. 12, the group held a forum on property insurance in Edmonton, […]
2 min read
MANILA, Philippines – The United Nations said Friday it will seek more funds for a reconstruction of areas in the central Philippines that were devastated by a super typhoon, in addition to $348 million that U.N. agencies had sought for immediate relief. Only about a half of the initial U.N. appeal has been received since […]
By Canadian Underwriter | November 29, 2013
Lloyd’s announced Friday that a psychology professor from University College London won the Lloyd’s Science of Risk prize for a paper on people’s attitudes towards earthquake risk. Helene Joffe, a professor at UCL’s division of psychology and language sciences, submitted, as part of the competition, a paper that discussed attitudes of earthquake risk in Seattle, […]
OTTAWA – The federal government says its deficit ballooned to an outsized $3.8 billion in September, but noted much of that was linked to disaster relief related to the Alberta floods last summer. The government’s monthly accounting of its books shows the deficit in September was $1.6 billion higher than the $2.2 billion recorded in […]
By The Canadian Press | November 29, 2013
MONTREAL – Canadian National Railway Co. (TSX:CNR) says it’s investing $10 million in a special program to enhance its ability to detect equipment defects, such as hot wheels and bearings in its rolling stock. The Montreal-based company, one of North America’s largest railway operators, said it’s part of CN’s efforts to improve the safety of […]
The Saskatchewan government has tabled proposed changes to the province’s Traffic Safety Act Thursday in a move meant to fulfill its commitment to address fatalities on Saskatchewan’s roads. Donna Harpauer, minister responsible for Saskatchewan Government Insurance (SGI), tabled the amendments in the legislative assembly Thursday, notes a statement from SGI, the province’s self-sustaining auto insurance […]
CALGARY – Hundreds of grownups and children pressed up behind a purple banner Thursday as they waited for the chance to reconnect with furry, feathery, scaly and leathery friends at the Calgary Zoo. A cheer went up when Mayor Naheed Nenshi ripped through the banner that read: ”Welcome Back. We’re Open,” to officially throw wide […]
By Canadian Underwriter | November 28, 2013
3 min read
The Court of Appeal for Ontario ruled this week against Wawanesa Mutual Insurance Company, upholding an earlier ruling declaring that the carrier has a duty to defend a homeowner’s insurance client being sued in a third party claim over a traffic accident that injured their daughter — despite a clause in the policy excluding claims […]
4 min read
HALIFAX – A storm that lashed Atlantic Canada with driving rain and high winds left thousands of customers without power Thursday. Crews were working to restore electricity in Nova Scotia, where more than 38,000 customers were coping with blackouts at one point. Fewer than 5,000 customers were without power in New Brunswick by early morning. […]
By The Canadian Press | November 28, 2013
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