Claims
XL Foods, the producer involved in a major beef product recall, has said it takes full responsibility for its facilities and the food there, and will work to improve plant standards. In an Oct. 4 statement published by several media outlets, the company said safety protocols at its Brooks, Alta. plant, where E. coli was […]
By Canadian Underwriter | October 5, 2012
2 min read
The Alberta government has pledged up to $58 million for disaster recovery programs to help offset uninsurable costs from severe weather damage this past summer. The province has approved six regional programs to offset uninsurable losses including: The numbers are based on preliminary estimates and may change following further assessments and repairs, the government noted […]
1 min read
Switzerland-based Allied World Assurance Company expects about $40 million of crop reinsurance related losses and expenses in the third quarter of this year from severe drought conditions in the Midwestern United States. That is in addition to anticipated crop losses and expenses prior to the drought, the company said in a statement. Allied also expects […]
By Canadian Underwriter | October 4, 2012
Manitoba fire departments have continued to fight grass fires that began earlier in the week in the southeast part of the province, after four homes and a timber bridge were destroyed. Four homes in and around the town of Vita burned late in the day Oct. 2, the provincial government said in an update. […]
The province of New Brunswick has announced flood mitigation plans, including spending up to $8 million on relocation and flood-proofing in the Perth-Andover and Tobique First Nation regions. Environment and Local Government Minister Bruce Fitch had recently announced interim mitigation measures following flooding in March of this year. Results from a mitigation study released last […]
By Canadian Underwriter | October 3, 2012
Preparedness in the event of a catastrophic event could prove the difference between life and death, economic resilience and recovery, Don Forgeron, president and CEO of the Insurance Bureau of Canada, told delegates to the National Insurance Conference of Canada in Quebec City on Oct. 1. Preparedness demands considering the big picture, something Forgeron suggested […]
By Canadian Underwriter | October 1, 2012
Regulators in Canada are examining whether or not electronic commerce practices in insurance meet consumer protection standards. While the internet has exploded in terms of comparison price shopping and research, the ability to "buy and bind" raises key issues about customer access to advice from licensed professionals and appropriate safeguards. It is a discussion that is, in some areas, pitting brokers against direct insurers.
By Craig Harris | September 30, 2012
12 min read
Brokers are well-advised to get acquainted with the common definitions contained in every professional liability policy to fulfill their obligation to provide prompt notice - and to protect themselves.
By Hugh Fardy, Senior Vice President, The CG&B Group Inc. | September 30, 2012
5 min read
An Ontario court recently ruled that insurers owe a duty of care to their customers since customers would reasonably be expected to rely on information communicated to them by their insurer.
By Carr Hatch and Leonard H. Kunka, Thomson Rogers, Barristers and Solicitors | September 30, 2012
4 min read
It is two years later, but the story on the effects of Ontario's 2010 auto reforms is yet to be told. Absent clear case law, there has been little to silence the voices of disagreement that were heard when the reforms first came into force.
By Lee Samis, Principal, Samis & Company | September 30, 2012
6 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.
