Daily News

Ship spills an estimated 3,000 litres of fuel in northern Quebec

An estimated 3,000 litres of fuel spilled near the community of Salluit in northern Quebec, the Canadian Coast Guard (CCG) confirmed on Thursday.
Oct 9, 2015 4:02PM

U.S. judge OKs $446 million settlement for victims of Lac-Mégantic disaster

PORTLAND, Maine - A U.S. bankruptcy judge has approved a $446-million Cdn settlement fund for victims of the fiery Lac-Megantic oil-train derailment in Quebec, clearing the way for payments to victims by year's end.
Oct 9, 2015 3:24PM

Severe floods continue to threaten South Carolina: AIR Worldwide

High water levels are still posing a threat in South Carolina, primarily in the Midlands and Lowcountry, and the situation is expected to worsen as rivers continue to rise, catastrophe modelling firm AIR Worldwide said on Friday.
Oct 9, 2015 2:41PM

Canada's licensed trade credit insurers show increase in incurred losses on Canadian policies

Recently released figures from Canada’s eight licensed trade credit insurers, including Crown corporation Export Development Corporation (EDC), show a marked increase in incurred losses on Canadian policies, according to brokerage firm...
Oct 9, 2015 1:38PM

Federal investigator discusses Lac-Mégantic at Engineering Insurance Conference

Pollution problems resulting from the 2013 fatal railway derailment in Lac-Mégantic, Quebec will persist for years, while officials with the railway company involved were "not exactly leaders" in safety management, a Transportation...
Oct 9, 2015 1:15PM

Global property insurance premiums worth US$360.5 billion in 2014; homeowners' policies make up 54%: Finaccord

The value of global property insurance premiums in 2014 was US$360.5 billion, with homeowners’ policies making up 54% of the total, according to a survey by Finaccord, a market research, publishing and consulting company specializing in...
Oct 9, 2015 11:16AM

Three-quarters of recent car thefts in Manitoba involved the use of keys: Manitoba Public Insurance

Of the 400 vehicles reported stolen to Manitoba Public Insurance (MPI) this past spring, 75% involved the use of keys, the Crown corporation reported recently. The percentage represents an 11% increase for key-related thefts compared to the...
Oct 9, 2015 10:17AM

David Marshall to serve as advisor on auto reforms to Ontario's finance minister

David Marshall has been appointed as advisor to Ontario’s finance minister on auto insurance and pensions, effective Feb. 1, 2016.
Oct 9, 2015 9:38AM

As dams bulge and rivers rise, South Carolina still on edge; 2 people die driving into water

COLUMBIA, S.C. - It could take until the weekend for the threat of flooding to ease in storm-tattered South Carolina, where a senator warned of a potential billion-dollar cleanup bill, two more people died in the floodwaters and the flagship...
Oct 8, 2015 4:10PM

Businesses spend more than half a million U.S. dollars to recover from a cyberattack: Kaspersky Lab

The average cost of a cyberattack is more than half a million United States dollars for enterprises, according to a survey from Kaspersky Lab released on Wednesday.
Oct 8, 2015 3:44PM

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