Claims

F4 tornado in downtown Toronto would cause $4 billion in losses

If an F4 tornado – which packs wind speeds of between 333 km-h and 418 km-h – ripped through downtown Toronto, it could potentially cause up to $4 billion in losses, said Matthew Nielsen, senior product marketing manager of natural catastrophe and portfolio solutions at RMS. Nielsen made the observation at a seminar on convective […]

May 31, 2011

1 min read

Ontario Divisional Court sets aside FSCO director delegate ruling in Pastore

The Ontario Divisional Court ruled in Aviva v. Pastore that the determination of a Class 4 (marked) or Class 5 (extreme) psychological impairment under subsection (g) cannot include consideration for pain associated with physical injuries. The decision reverses a Financial Services Commission of Ontario (FSCO) Appeal decision. In Aviva and Pastore, a FSCO director delegate […]

May 31, 2011

2 min read

Backflow valves highly effective in reducing sewer backup damage: Saskatoon utility manager

Backflow valves are 85 per cent effective in eliminating sewer backup, according to Galen Heinrichs, stormwater utility manager with the City of Saskatoon.Moreover, in that 15 per cent of instances in which a home experienced some sewer backup despite having a backflow valve, the backflow valve was nevertheless 96% effective in reducing damage from the […]

May 31, 2011

1 min read

Canadian insurers, adjusters pour into Slave Lake, Alberta to aid in wildfire recovery efforts

Insurance company and independent adjusters continue to pour into the area of the Town of Slave Lake, Alta to aid displaced residents and help in recovery efforts, after wildfires have consumed much of the of the town since before May 15. Roughly 7,000 residents in Slave Lake have been ordered to evacuate. Alberta put up […]

May 31, 2011

3 min read