Claims
A consortium of Texas attorneys have filed a federal class action lawsuit in Austin, Texas against Facebook, Apple, Twitter, Foursquare, Electronic Arts, Yelp and 11 other companies, asserting privacy rights violations associated with the use of mobile apps. “The lawsuit contends that some of today’s biggest technology, interactive, social networking and gaming companies have used […]
By Canadian Underwriter | March 15, 2012
1 min read
Environment Canada has issued a severe thunderstorm warning throughout southwestern Ontario and the Capital region of Ontario, calling for “damaging winds” and “toonie-sized” hail. “Conditions are favourable for severe thunderstorms to redevelop over the areas after 2:00 PM this afternoon,” the statement reads. “The main threats are torrential downpours, hail up to toonie size and […]
U.S. board directors need to be acutely aware of the risk of data breaches at their companies in light of recent regulatory guidance on disclosing cyber threats, according to speakers at a Willis-hosted cyber liability conference in London. The U.S. Securities Exchange Commission (SEC) issued guidance on disclosing cyberthreats in October 2011. “The SEC guidance […]
2 min read
The B.C. Supreme Court has dismissed a fire insurance case against Lloyd’s Underwriters after a 10-year delay in bringing the claim forward to trial. In Rangi v. Lloyd’s Underwriters, the court on Mar. 9, 2012 upheld Lloyd’s motion to dismiss the claim based on a house fire that occurred in October 2001. The claim was […]
3 min read
The boyfriend of a woman who died in a fatal car accident has created a Facebook page warning of the dangers of texting while driving. Mathieu Fortin created a Facebook page in homage to his girlfriend, Emy Brochu, who died when her car hit the back of a tractor-trailer in merging traffic near Victoriaville, Quebec. […]
By Canadian Underwriter | March 14, 2012
Although it is still technically winter in Canada, dry and windy conditions have led the Government of Alberta to issue 18 fire bans and fire prevention notices on Mar. 14. albertafirebans.ca, a Government of Alberta website that lists fire bans and prevention notices in effect, shows fire bans in place in the following areas: • […]
A very large debris field, including bricks flying from older structures, accounted for much of the damage caused by the F3 tornado that hit Goderich, Ontario in August 2011, according to an eyewitness account. Also, the older age of the structures created an asbestos risk that prevented insurance adjusters from accessing the site for some […]
A series of moderate earthquakes hit Tokyo and northeast Japan early on Mar. 14, 2012, with no damage or injuries reported. The quakes happened roughly one year after the Magnitude-9.0 Tohoku earthquake resulted in insured damages estimated at around $5 billion. A Magnitude-6.8 earthquake struck off the east coast of Honshu, Japan near the island […]
The March 2011 Tohoku earthquake in Japan has resulted in re/insurers recalibrating their models and changing their underwriting standards, according to a recent post by Swiss Re. “A large cat event such as the Tohoku earthquake always provides opportunities for calibrating loss modeling and discovering new insights,” Swiss Re says in a post on its […]
By Canadian Underwriter | March 13, 2012
Two moderate earthquakes — one a Magnitude 5.4 and the second, about an hour later, a 5.1 — hit near the east coast of Honshu Japan on Mar. 9. The area is near where the Magnitude 9 Tohoku earthquake and tsunami hit in March 2011. As of press time, no significant damage had been reported […]
By Canadian Underwriter | March 9, 2012
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