Claims
The Insurance Bureau of Canada has commended the Ontario legislature for passing a bill making carbon monoxide detectors mandatory in homes throughout the province. Progressive Conservative MPP Ernie Hardeman’s private member’s bill was passed Wednesday and now requires Royal Assent to officially become law. “We commend all three parties for working together to support this […]
By Canadian Underwriter | November 28, 2013
1 min read
Demand for weather risk management tools is expected to grow, as “routine weather variation” has a greater impact on businesses in various sectors, according to a new report from Allianz. Weather risk management tools use independent weather data and “are linked to actual fluctuations against pre-agreed weather indices which, when certain criteria are met, can […]
By Canadian Underwriter | November 27, 2013
2 min read
An arbitrator with the Financial Services Commission of Ontario recently ruled against Unifund Assurance Company, which had refused to pay medical benefits to an Ontario auto claimant who refused to attend an insurer’s examination. In a ruling release Nov. 13, FSCO arbitrator Susan Sapin ordered Unifund to pay Kadian Augustin treatment expenses of $2,934.90 plus […]
5 min read
There is a direct relationship between a higher “risk maturity rating” and better relative stock performance, as well as higher return on equity for an organization, according to a new report from Aon. The Aon Risk Maturity Index Insight Report looks at how an organization’s rating relates to its overall operational performance. Overall, the report […]
Public assistance funds provided through the Federal Emergency Management Agency (FEMA) to communities affected by Hurricane Sandy have passed more than $1 billion, the organization said Tuesday. The funds provided to communities affected by the storm are part of a total of $5.7 billion in disaster assistance, which includes more than $3.5 billion in flood […]
TORONTO – Canadians are being warned to expect wild swings in the weather this winter, giving each month of the season its own “distinct personality.” The Weather Network is forecasting periods of intense storms that could leave Canadians thinking they’re heading for one of the nastiest winters in a while, followed by spells of relatively […]
By The Canadian Press | November 27, 2013
HALIFAX – A late-fall storm is delivering wet, windy weather to much of Atlantic Canada. Weather warnings are in effect for parts of New Brunswick, Nova Scotia and Newfoundland as a major storm approaches from New England. Environment Canada says the heaviest rain – up to 100 millimetres – will fall today along New Brunswick’s […]
This year’s Atlantic hurricane season, which ends Saturday, has had the fewest number of hurricanes since 1982, the National Oceanic and Atmospheric Administration in the United States said this week. That’s mainly because of “persistent, unfavorable atmospheric conditions over the Gulf of Mexico, Caribbean Sea, and tropical Atlantic Ocean,” the organization said. Overall, 2013 is […]
By Canadian Underwriter | November 26, 2013
NEW YORK – Rio de Janeiro Mayor Eduardo Paes will succeed New York City Mayor Michael Bloomberg as head of the C40 Cities Climate Leadership Group. Bloomberg made the announcement Tuesday at New York City Hall. The group is a network of the world’s megacities aiming to reduce greenhouse gas emissions. Bloomberg’s term as chairman […]
OTTAWA – A rail-safety audit completed just days before the deadly July train crash in Lac-Megantic, Que., found “significant weaknesses” in Transport Canada’s oversight of federally regulated railways. Those weaknesses include a lack of knowledge of rail routes used to transport dangerous goods, too few safety auditors, poorly trained inspectors and an absence of follow-up […]
3 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
