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Federal investment will help Manitoba farmers predict the effects of flood and drought on farmland

June 13, 2016 by Canadian Underwriter

Agriculture and Agri-Food Canada (AAFC) has announced an investment of more than $1.1 million to develop a hydrology model of Manitoba’s Assiniboine River Basin that will help predict the effects of flooding, excess moisture and extreme drought on agriculture lands.

News AssociationsCatastrophesInsurancePersonal Lines

U.S. insurers paid US$5.37 billion in total hail claims for 2008-14; 2011 and 2014 costliest years

June 13, 2016 by Canadian Underwriter

The years of 2011 and 2014 were the costliest years for hail-related vehicle claims in the United States during a 2008-14 study period, with losses concentrated in the country’s midsection, according to an updated analysis by the Highway Loss Data

News AssociationsCatastrophesInsuranceLegal

Practical drift an invisible, potentially catastrophic threat to supply chain

June 9, 2016 by Angela Stelmakowich

One of the biggest threats to a company’s supply chain cannot even been seen, but surely will be felt should it take hold, Nexbridge Inc.’s Randall Becker suggested Wednesday during the World Conference on Disaster Management in Toronto. Practical drift,

News AssociationsCatastrophesInsuranceProfessional Development

2013 Calgary floods spawned ‘increased demand’ for services from non-profits: World Conference on Disaster Management speaker

June 9, 2016 Greg Meckbach, Associate Editor

Non-profit organizations need to be prepared for natural disasters so they can help deliver public services, speakers suggested Tuesday at the World Conference on Disaster Management. From research conducted after the floods in affecting southern Alberta in 2013, the Calgary

Photos Associations

CIP Society Fellows’ Golf Tournament, June 6, 2016

June 6, 2016 by Canadian Underwriter

The annual CIP Society Fellows’ Golf Tournament took place on Monday, June 6 at Wyndance Golf Club in Uxbridge, Ontario. Although a bit windy, the rain held off and the sun shined for golfers. This year, the winning team was

News AssociationsInsuranceProfessional Development

Insurance Brokers Association of Ontario searching for new CEO after departure of Jim Murphy

June 1, 2016 by Canadian Underwriter

The Insurance Brokers Association of Ontario’s (IBAO) executive committee announced on Wednesday that Jim Murphy has moved on from his role as CEO of IBAO, effective immediately. “This is an important time for IBAO,” Michael Brattman, IBAO chair, said in

News AssociationsInsuranceProfessional Development

Nominations for Dale Rempel Award of Excellence now open

May 31, 2016 by Canadian Underwriter

The Insurance Brokers Association of Canada (IBAC) is accepting nominations for the 2016 Dale Rempel Award of Excellence, which recognizes an individual who has demonstrated commitment and support of education and life-long learning for those working in the property and

News AssociationsCatastrophesCommercial LinesInsurancePersonal Lines

Floods in U.K. expected to produce repair bill of £1.3 billion, good progress on repairs to date

May 26, 2016 by Canadian Underwriter

The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI)

News AssociationsInsuranceLegislation / RegulationPersonal LinesTechnology

Insurance industry ‘has to be ready’ for automated vehicles: Insurance Institute speaker

May 25, 2016 Greg Meckbach, Associate Editor

The rollout of fully autonomous vehicles for consumers “is quite a bit further off than we might expect,” and experts need to educate consumers about the limitations of the technology, but insurance providers should get ready over the next five

News AssociationsInsuranceMarkets / Coverages

World Bank announces “first-ever insurance market for pandemic risk”

May 25, 2016 by Canadian Underwriter

The World Bank Group has announced that it is creating the Pandemic Emergency Financing Facility (PEF), “an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk.”

News AssociationsInsurancePersonal Lines

Only 42% of polled Ontarians aware of upcoming auto insurance reforms: IBAO

May 25, 2016 by Canadian Underwriter

Consumer awareness of auto insurance reforms in Ontario – many of which come into force June 1 – is far from complete, with just four in 10 survey respondents reporting they are aware of the changes. Based on feedback from

News AssociationsInsurancePersonal Lines

Some motorists under the influence of marijuana believe they can drive safely: poll

May 18, 2016 by Angela Stelmakowich

More than four in 10 polled Canadians who have driven under the influence of marijuana reported they believe there was no impact on their ability to drive safely, indicate results of a State Farm Canada survey released Tuesday. Results –