Claims
A lack of adjudication relating to Ontario’s minor injury guideline (MIG) is creating uncertainty and could set the stage for a large increase in bodily injury (BI) tort, George Cooke, CEO of The Dominion of Canada General Insurance Company, suggested during a speech in downtown Toronto on Thursday. “If I was looking for an issue […]
By Canadian Underwriter | November 23, 2012
3 min read
While more than half of Torontonians included in a recent poll say they’re at least somewhat well-prepared for a disaster such as a flood or hurricane, those with lower incomes tended to be less prepared or know emergency evacuation routes. Forum Research polled 848 Toronto residents over the age of 18 on Nov. 16 and […]
By Canadian Underwriter | November 21, 2012
2 min read
The Consumer Federation of America (CFA) is urging officials at New York’s governor, mayoral and municipal levels to take steps to ensure anti-concurrent-causation clauses (ACC) do not result in denying claims related to Sandy. The CFA reports that 111 homes in Queens, New York were destroyed by a fast-spreading fire after Superstorm Sandy hit the […]
The World Bank cautions that extreme heat waves fuelled by a 4-degree Celsius hike in temperature by century’s end are among the potential ill effects of failing to act on climate change. The temperature increase could trigger “a cascade of cataclysmic changes that include extreme heat waves, declining global food stocks and a sea-level rise […]
By Canadian Underwriter | November 19, 2012
The Manitoba government has spent more than $1 billion and has made significant progress on flood recovery efforts following severe flooding beginning in 2011, the province said Friday. The majority of residents displaced by flooding have returned home, all structural property damage has been appraised and more than 70% of assistance claims have been completed […]
By Canadian Underwriter | November 16, 2012
Willis Group Holdings reports more than 60 insurers used information gathered from two hurricane forecast apps to help mitigate risk in advance of Superstorm Sandy. Online applications for hurricane risk assessment can assist clients in managing and mitigating risk, as well as efficiently planning and mobilizing response, notes a statement from Willis Group Holdings and […]
A review by AIR Worldwide reveals that parts of Atlantic City, New Jersey witnessed flood depths of six to eight feet at the hands of Hurricane Sandy. Two AIR teams surveying damage in New York and New Jersey found significant damage to commercial and residential structures located along the coast. “Older buildings generally experienced higher […]
By Canadian Underwriter | November 15, 2012
The British Columbia government is revamping its emergency notification process for tsunami warnings, after conducting a review of its response following a large earthquake and several aftershocks that struck off the coast of the province’s mainland in late October. The EMBC currently receives alerts directly from the West Coast and Alaska Tsunami Warning Centre (WCATWC). […]
By Canadian Underwriter | November 13, 2012
Major damage imposed by Superstorm Sandy relates mostly to storm surge and flooding as opposed to direct wind, Willis Re notes in a preliminary post-event damage survey. While damage from storm surge and flooding is widespread and extensive, there is only minor damage to buildings from direct wind, Willis Re, the reinsurance arm of Willis […]
Hurricane Sandy clearly illustrated the pressure that severe weather events apply to local infrastructure and highlighted the need to make long-term investments in those systems a top budget priority, say members of the national coalition, Municipal Infrastructure Forum. “Hurricane Sandy was a vivid reminder of the growing pressures that our local infrastructure must now withstand,” […]
By Canadian Underwriter | November 9, 2012
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