Topic
Legal
U.S. railroads seek permission to put a single person in charge of miles long freight trains
December 22, 2014 Josh Funk, THE ASSOCIATED PRESSOMAHA, Neb. – When American freight trains delivered cargo after World War II, the steam-belching beasts commonly had seven people aboard – an engineer, a conductor, up to four brakemen and a fireman. Trains have since grown much longer, seemingly…
Petroleum producers call on New Brunswick to hold off on fracking moratorium
December 19, 2014 by Canadian UnderwriterThe Canadian Association of Petroleum Producers (CAPP) is urging the New Brunswick government to reconsider its decision Thursday to move forward with prohibiting hydraulic fracturing in the province. CAPP is calling on the provincial government to hold off on the…
FBI says it has conclusively linked North Korean government to devastating Sony hack
December 19, 2014 Eric Tucker, THE ASSOCIATED PRESSWASHINGTON – The Obama administration on Friday formally accused the North Korean government of being responsible for the devastating hacking attack against Sony Pictures Entertainment, providing the most detailed accounting to date of a hugely expensive break-in that could lead…
Sony hack adds to pressure on companies to step up information security
December 19, 2014 Joe McDonald, THE ASSOCIATED PRESSBEIJING – Faced with rising cybercrime like the attack on Sony Pictures Entertainment, companies worldwide are under pressure to tighten security but are hampered by cost and, for some, reluctance to believe they are in danger. The Sony attack, which…
Sony faces losses on multiple fronts from unprecedented cyberattack linked to North Korea
December 18, 2014 Bernard Condon, Eric Tucker and Mae Anderson, THE ASSOCIATED PRESSNEW YORK – The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business. The fallout from the hack that exposed a trove…
TSB to release report into 2013 CP Rail derailment, bridge failure during flood
December 17, 2014 THE CANADIAN PRESSCALGARY – The Transportation Safety Board of Canada is to release its report today about a bridge failure and freight train derailment in Calgary during a devastating flood. The Bonnybrook bridge over the swollen Bow River gave way underneath a…
Arrests made, $1 million in stolen vehicles recovered in Ontario auto fraud investigation
December 16, 2014 by Canadian UnderwriterSeven people have been arrested and more than $1 million in stolen automobiles have been recovered after a joint investigation into an alleged auto theft ring operating in Durham Region, York Region and Toronto, the Insurance Bureau of Canada said…
Nova Scotia to review policy around insurance for catastrophic injuries
December 15, 2014 THE CANADIAN PRESSHALIFAX – Nova Scotia’s community services minister says there will be a review of the government’s policy around insurance settlements for those who have suffered catastrophic injuries. Joanne Bernard says the move is in response to the case of Joellan…
XL expands D&O liability coverage, including plaintiff’s legal fees associated with settlement
December 15, 2014 by Canadian UnderwriterCommercial insurer XL Group plc announced Monday it has released its executive and corporate securities liability policy form, which provides for extensions of coverage for directors and officers. The policy form is intended to “protect companies and their directors and…
Penalties of $140,000 from Fisheries Act violation result from B.C. lakefront property renovation
December 15, 2014 by Canadian UnderwriterA Vancouver-based property developer and its president were sentenced Friday to fines of $10,000 each – and ordered to pay a conservation group $60,000 each – after being convicted under the federal Fisheries Act, after work was done on a…
CN freight train derails in central Saskatchewan: no spill, no injuries
December 12, 2014 THE CANADIAN PRESSRAYMORE, Sask. – A Canadian National Railway freight train has derailed near a town in central Saskatchewan. CN says 35 freight cars, including one carrying dangerous goods, left the tracks near Raymore Friday morning. CN spokesman Jim Feeny says no…
Tenth of global road accident fatalities caused by alcohol
December 12, 2014 by Canadian UnderwriterAlcohol is behind 10.9% of fatalities in traffic accidents globally, according to a recent analysis from Munich-based insurer Allianz. The analysis is based on figures from the World Health Organization on road traffic accidents and alcohol. In eastern Europe and…