Small businesses in the construction industry face “undue risk” of not being paid in a timely manner, a member of the opposition Progressive Conservative party suggested to the Ontario legislature Tuesday. With late payments to construction contractors, “the issue is…
Insurers would be well-advised to track the evolving marijuana risk to determine if impairment-related loss history could trigger defence and indemnification obligations under employers’ general liability policies, it was suggested Tuesday during a session at the RIMS Canada Conference in…
Surety bonds written by licensed insurers will be mandatory for certain public construction projects in Ontario if a bill tabled Tuesday is passed into law. Bill 142, if passed into law, will “require surety bonds to be posted on public…
Large and small construction contractors are vulnerable to cyber crime, with “smart” building devices and lucrative engineering drawings in particular presenting vulnerabilities, Northbridge Insurance warns. “Major advancements in digital connectivity have left the construction industry particularly vulnerable to cybercrime,” Northbridge…
MEXICO CITY – One of the most powerful earthquakes ever recorded in Mexico struck off the country’s southern coast, toppling hundreds of buildings, triggering tsunami evacuations and sending panicked people fleeing into the streets in the middle of the night.…
Proposals in Ontario and federally to allow for taller wood buildings has attracted supporters and detractors, both of whom have different views on whether or not risks will also be higher.
Saskatchewan Government Insurance (SGI) has reported that 182 tickets were issued to drivers for speeding in construction work zones during last month’s traffic safety spotlight. In total, 177 tickets were issued to drivers exceeding 60 kilometres an hour while passing highway workers or occupied highway equipment within a municipal or highway work zone, SGI said in a press release issued on Monday. Five tickets were also issued for speeding in construction zones where a flag person is present. The results include all traffic safety focus…
More than 200,000 homes along the coast of Texas with a reconstruction cost value (RCV) of approximately US$39.6 billion are at potential risk of storm surge damage from Hurricane Harvey, CoreLogic suggested late Thursday. Irvine, Calif-based CoreLogic, a global property…
Responses from brokers surveyed indicate commercial property insurance rates in the United States dropped an average of 3.6% during the three months ending June 30, with average premium pricing down 1.44% in cyber, in a market that is “softer than…
British Columbia’s Ministry of Public Safety & Solicitor General announced on Friday that it has formally extended its province-wide state of emergency for the third time. The state of emergency now runs through to the end of the day on…
The Supreme Court of Canada will not be hearing an appeal from an Edmonton shopping mall owner, whose award – of more than $500,000 against insurers, arising from a disputed claim involving building code upgrades – was reversed on appeal.…
The province of Alberta reported on Friday that it has begun implementing advice from a report that identifies ways to improve flood resilience in Calgary and better water management throughout the Bow River basin. The Advice to Government on Water…