Claims

Flooding in Thunder Bay, Montreal causes insured damage of $200 million

Insurance Bureau of Canada (IBC), citing data from Property Claim Services Canada (PCS-Canada), reports that the estimated insured damage caused by the recent wind and thunderstorm event that hit Ontario and Quebec amounts to more than $200 million. PCS-Canada tracks insured losses arising from catastrophic events in Canada. Data confirm thousands of claims have been […]

By Canadian Underwriter | July 9, 2012

1 min read

Flash storm hits northern regions of Calgary

A flash storm packing both rain and hail on July 5 has left northern regions of Calgary to deal with a watery mess and to await the final tally on damages. An Environment Canada spokesperson confirmed more than 50 mm of rain and hail – measuring from the size of a quarter up to a […]

By Canadian Underwriter | July 6, 2012

1 min read

Deadline looms for uninsured/underinsured Thunder Bay residents to submit advance claims to the City for disaster assistance

Thunder Bay-area residents who did not have insurance, had inadequate insurance or had insurance that did not cover the flood damage incurred when heavy rains in late May unleashed enough water to overwhelm the city’s sewage treatment facility are reminded to submit advance claims to the City of Thunder Bay by July 9. Thunder Bay […]

By Canadian Underwriter | July 6, 2012

2 min read

Ontario drivers concerned about auto theft, but are not taking precautions

More than 60% of Ontario car owners surveyed by Angus Reid incorrectly believe they are fully covered by insurance if their vehicles are stolen. LoJack Canada, which distributes vehicle recovery and tracking systems, commissioned the online survey, which was conducted in May 2012. A total of 808 car drivers from Ontario and Quebec participated in […]

By Canadian Underwriter | July 5, 2012

2 min read