Claims
Manitoba drivers caught texting or using hand-held cell phones could face a fine of almost $200 under a new law that takes effect July 15, 2010, Infrastructure and Transportation Minister Steve Ashton has announced.The new law comes under amendments to the province’s Highway Traffic Act.”We know the hazards that distracted drivers create on our roads,” […]
By Canadian Underwriter | July 5, 2010
1 min read
A possible F3 tornado touched down just outside of Raymore, Saskatchewan on July 3, reports Environment Canada.Raymore is southeast of Saskatoon.Initial assessments from photos and videos of the damage suggest the tornado was a strong F2 or a weak F3, an Environment Canada release says.The majority of the damage reported occurred on the Kawacatoose First […]
Major property losses in 2010 Q1, originating from the Chile earthquake and storms in Australia, have had little impact on pricing in the global reinsurance market, reports Willis Re.There has been no general market move towards increased pricing in property catastrophe lines, Willis Re found in its 1st View Report for the June 1, 2010 […]
Hurricane Alex, the first hurricane in the 2010 season, is now a spent force, having done about $200-million worth of insured damage in Mexico, according to modeler AIR Worldwide.The Category 2 hurricane has dissipated into a storm system that is expected to dump an extra two to four inches of rain on southern Texas, the […]
By Canadian Underwriter | July 2, 2010
CHANCE OF ‘THE BIG ONE’ HITTING B.C. OVER NEXT 50 YEARS IS 10-15% There is a 10-15% of a mega-earthquake hitting the northern segment of the Cascadia Subduction Zone at some point during the next 50 years, according to research from Oregon State University. The northern segment of the Cascadia Subduction Zone covers an area […]
June 30, 2010
Mary Charman, the incoming president of the Canadian Independent Adjusters' Association (CIAA), looks forward to building on the momentum the association has established over the past year.
By Vanessa Mariga, Associate Editor | June 30, 2010
5 min read
The Leamington tornado generated 4,750 home, commercial and auto claims totaling an estimated $85 million, a preliminary report finds. The majority of the claims were for homes, the Insurance Bureau of Canada says, based on data from PCS Canada. The F1 tornado in touched down in Essex County, along the shore of Lake Erie, southwest […]
By Canadian Underwriter | June 30, 2010
Hurricane Alex is expected to make landfall in southern Texas and northern Mexico on July 1, possibly as a Category 2 storm, reports the National Hurricane Center.Alex is the first hurricane of the 2010 season, and the first to occur in the Atlantic in June since 1995, said Guy Carpenter. While the storm is forecast […]
The Office of the Superintendent of Financial Institutions (OSFI) is undertaking a second quantitative impact study of its new minimum capital test, based on companies’ positions at year-end 2009.The second QIS is intended to test proposed changes to the Minimum Continuing Capital and Surplus Requirements (MCCSR) concerning market risks. Similar to the first QIS, conducted […]
By Canadian Underwriter | June 29, 2010
Intact Financial Corporation and the University of Waterloo are launching a research project aimed at identifying initiatives and action plans to ensure better adaptation to the potential consequences of climate change. The three-year project, Climate Change Adaptation Project: Canada, is being funded in full by a grant from Intact Foundation.The research project will identify the […]
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.
