Claims
Canadian Market IBC tours Atlantic Canada with climate change adaptation message Insurance Bureau of Canada (IBC) took its message of climate change adaptation to Atlantic Canada in February. Speaking to the Saint John Board of Trade on Feb. 22,IBC president and CEO Don Forgeron observed that water damage losses in New Brunswick have almost quadrupled […]
February 29, 2012
5 min read
The development of earthquake early warning systems provides rapid information about upcoming shaking just before the arrival of large seismic waves.
By Dr. Kristy F. Tiampo Professor, Faculty Scholar, Department of Earth Sciences, Western Universi | February 29, 2012
6 min read
Any given municipality has several property and casualty exposures. All it takes is one event to damage its reputation forever.
By Julie Boyd, National Director, Public Sector, Zurich Canada | February 29, 2012
4 min read
Current research suggests giant earthquakes happen in "clusters," which may change the way earthquake risk management is approached.
By Kate Stillwell, Product Manager, Earthquake Products, EQECAT Inc. | February 29, 2012
More than 4,000 earthquakes are reported every year in Canada, and it's important to be prepared for the uncomfortable reality that the country is due for a major earthquake to strike.
By Claudio Totino, Head Property, Canada, Swiss Re Corporate Solutions | February 29, 2012
The Ontario Auto Insurance Anti-Fraud Task Force has taken preliminary steps to establish the scope and appropriate response to fraud.
By Willie Handler, Consultant, Willie Handler and Associates | February 29, 2012
7 min read
Commercial insurers are taking a much closer look at their clients' supply chain and business interruption exposures after the double-whammy last year of the 2011 Tohoku earthquake and tsunami, followed by the worst Thailand flooding in decades.
By Vanessa Mariga | February 29, 2012
14 min read
Increased shipping traffic through Arctic waters and delays in international governance are putting Canadian waters at risk, the Winnipeg Free Press reported. The International Maritime Organization has delayed its mandatory ‘Polar Code’ for all ships in the Arctic until 2013, at the earliest. But some countries, such as Russia, have already “aggressively” increased shipping through […]
By Canadian Underwriter | February 29, 2012
1 min read
The B.C. Supreme Court has awarded $75,000 in punitive damages against the Insurance Corporation of British Columbia (ICBC), which denied coverage to the plaintiff on the basis of impaired driving allegations even though all criminal charges for impaired driving had been stayed prior to trial. The plaintiff, Eleanor McDonald, took the wrong exit off Highway […]
By Canadian Underwriter | February 28, 2012
2 min read
The General Insurance Council of Saskatchewan is warning Saskatchewan motor dealerships about an unlicensed and uninsured third party motor vehicle warranty. The warranty had been offered in B.C. to Lower Mainland/Fraser Valley dealerships for subsequent retail sale to consumers. The companies offering the warranty, West Coast Protection Warranty Inc., West Coast Auto Warranty Inc. and […]
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