The impact of H1N1 and seasonal flu on hours lost at work was comparable to that of the Ontario-U.S. power outage in August 2003, StatsCan reported in a recent study, Impact of H1N1 and seasonal flu on hours worked.In November…
Insured losses resulting from hurricanes cannot be predicted on a short-term horizon, says Karen Clark & Company.Near-term models, designed to project insured losses from Atlantic hurricanes in the United States for the five-year period ending in 2010, have significantly overestimated…
The southeast region of the United States is most vulnerable to tropical cyclones coming ashore in 2010, according to the January update of Guy Carpenter’s GC ForeCat. The forecasted landfall rate of tropical cyclones in the southeast region (the coastline…
General Re Corporation has agreed to pay $12.2 million to settle charges by the Securities Exchange Commission (SEC) related to separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify reported financial results in 2000-02.According…
Edmonton, AB January 20, 2010 SPECS Limited, the countrys leading provider of independent property damage valuations and cost control services has opened a new office in Sudbury, ON. The strategic location and the placement of Bill Goulding, Branch Manager, whose…
Please join us on February 24, 2010 for an in depth look into the various hazards of the food & beverage manufacturing industry. We look forward to exploring the risk management practices through the insightful evaluations of Mr. Steven Sanfilippo,…
10 new industry event galleries have been added to the Online Photo Gallery at canadianunderwriter.ca. To view all the galleries, at canadianunderwriter.ca click Photo Gallery in the nav bar or go to www.canadianunderwriter.ca/gallery The recent additions to the Online Photo…
Ontario’s insurance regulator has approved a 2009 Q4 auto insurance rate increase of 2.49%, based on the entire market.In the fourth quarter of 2009, for the 55.48% of the province’s auto insurance market that had rate changes approved, the average…
The daughter of a woman who was injured in an auto collision and subsequently denied accident benefits is not entitled to collect benefits under her mother’s policy based on the loss of her mother’s care and guidance, the Ontario Superior…
The amount lost to fraud by businesses and the public sector increased by 76% in 2009, with both number and size of fraud increasing exponentially during the recession, according to research by BDO LLP. Fraud broke the £2-billion (Cdn $3.8-billion)…
The long shadow of the global economic recession has created underlying risks in the global economy that persist despite reports of an economic recovery, according to the World Economic Forum (WEF)’s annual report, Global Risks 2010.The fifth annual report is…
Nova Scotia’s government is moving ahead with its promised review of the province’s $2,500 minor auto injury cap.The government has issued a nine-page discussion paper on the cap, entitled Concerning the Cap on Pain and Suffering Awards for Minor Injuries,…