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Crews work to clear tracks after 2 train derailments, oil and chemical spills in Wisconsin
November 12, 2015 The Associated PressWATERTOWN, Wis. – Crews worked Monday to clear freight cars from rail tracks and contain spilled crude oil and chemicals after two trains derailed in Wisconsin about 200 miles apart over the weekend. More than a dozen cars of a…
Flood Re’s regulations in U.K. now in effect
November 12, 2015 by Canadian UnderwriterThe signing of Flood Re’s regulations in the United Kingdom means as many as a half million households in high flood risk areas have moved one step closer to affordable flood insurance and away from spiralling home insurance premiums. Following…
Infestations of mice and squirrels in Manitoba vehicles on the rise
November 11, 2015 The Canadian PressWINNIPEG – Manitoba Public Insurance says statistics show that a rising number of rodents are on the run and looking for a place to take refuge as the weather grows colder. Unfortunately, that refuge often ends up being someone’s car.…
Environment Canada issues wind warnings for coastal B.C.; gusts up to 100 km/h expected
November 11, 2015 by Canadian UnderwriterEnvironment Canada has issued wind warnings for Wednesday night for coastal and southern British Columbia. An alert from Environment Canada for the central coast said that a storm will approach the B.C. coast on Wednesday night, with strong southeast winds…
Optimism among SMEs highest in U.S.: Zurich survey
November 11, 2015 by Canadian UnderwriterCompetition and a lack of consumer demand are top concerns among surveyed executives of small and medium-sized enterprises (SMEs) in the United States, despite the group being relatively optimistic about future business opportunities, Zurich Insurance Group reports. Released Wednesday, results…
Alberta government puts plan to knock down flood damaged houses on hold
November 11, 2015 The Canadian PressCALGARY – The province of Alberta, which bought up 17 homes along the Elbow River that were damaged by 2013’s flooding, is now holding off on knocking them down as the new NDP government is reconsidering what to do with…
Petley-Hare Limited launches digital division to serve clients across Ontario
November 11, 2015 by Canadian UnderwriterPetley-Hare Limited, an insurance brokerage with nearly 100 years of experience in Ontario’s Durham Region, announced on Monday that it has launched a new digital division called Insurance Jack, which now serves clients across the province. “Insurance Jack was built…
Crawford records Q3 loss with $11 million in restructuring and special charges
November 10, 2015 by Canadian UnderwriterClaims management provider Crawford & Company announced Monday it recorded a net loss of $1.087 million during the three months ending Sept. 30, amid restructuring charges, while revenues before reimbursements in Canada dropped nearly 20%. Worldwide, Atlanta-based Crawford reported revenue…
Judge’s ruling on punitive damages could expose General Motors to large jury verdicts
November 10, 2015 Tom Krisher - THE ASSOCIATED PRESSDETROIT – A federal bankruptcy judge has ruled that people suing General Motors over faulty ignition switches can seek punitive damages that could cost the company millions of dollars or more. When General Motors emerged from a 2009 bankruptcy, it…
Alberta family wants talks on farm contaminated by oil and gas industry
November 9, 2015 Bob Weber - THE CANADIAN PRESSAn Alberta family whose farmland has been tainted by chemical contamination has asked the province’s energy regulator to force the responsible companies to negotiate compensation. “These are very solid facts upon which the regulator can demonstrate it does have the…
Brokers encouraged to review data protections, adopt more formal process for data collection, use, sharing and destruction
November 9, 2015 Angela Stelmakowich, EditorWith data breaches being regular media fodder these days, the existing responsibility of insurance brokers to safeguard client information coupled with new legislative requirements make this a good time for brokers to review data protection efforts to ensure they are…
Wildland fire crews in Alberta battled nearly 1,800 fires during the 2015 season, third-highest number in 25 years
November 6, 2015 by Canadian UnderwriterWildland fire crews in Alberta were called out to combat nearly 1,800 fires during the 2015 season, the third-highest number in the past 25 years, Alberta Agriculture and Forestry said on Friday. During the 2015 season, fire crews battled 1,786…