Topic
Markets / Coverages
Typhoon Lionrock brings landslides and flooding to Japan
August 31, 2016 by Canadian UnderwriterTyphoon Lionrock has made landfall in Japan, bringing the intensity of a Category 1 hurricane with resulting landslides and flooding. The typhoon made landfall in the Tohoku region of Japan on Tuesday evening, near the city of Ofunato in Iwate…
Broken rail led to 2015 train derailment and propane release in northwestern Ontario: TSB
August 31, 2016 by Canadian UnderwriterThe complete failure of an already-cracked rail led to the January 2015 derailment of a Canadian Pacific Railway (CP) freight train carrying dangerous goods near Nipigon, Ont., the Transportation Safety Board of Canada (TSB) said in an investigation report released…
ICLR to host workshop on sea level rise on Sept. 9
August 30, 2016 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on sea level rise on Sept. 9. Titled Rising Sea Level is Not a Flooding Event, the workshop will be held between 10 a.m. and 11:30 a.m. EST…
Typhoon Lionrock to make landfall in Japan
August 29, 2016 by Canadian UnderwriterA typhoon with wind gusts up to 210 kilometres per hour is expected to make landfall in Japan Tuesday night local time, Aon Benfield’s Impact Forecasting unit reported Monday. As of Monday morning, Typhoon Lionrock was about 570 kilometers south-southeast…
Global IT spending forecast to reach US$2.7 trillion in 2020, led by financial services, manufacturing and healthcare
August 29, 2016 by Canadian UnderwriterWorldwide revenues for information technology products and services will grow from nearly US$2.4 trillion in 2016 to more than US$2.7 trillion in 2020, according to the International Data Corporation (IDC). A newly published update to the Worldwide Semiannual IT Spending…
Drillers, regulators can lessen earthquakes likely caused by wastewater injection, new research reveals
August 29, 2016 by Canadian UnderwriterActions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While…
Recent earthquakes a reminder that events can happen anywhere: I.I.I.
August 26, 2016 by Canadian UnderwriterThe recent earthquakes in Italy and Myanmar are a warning to homeowners and business owners in regions that may also be at risk to consider purchasing earthquake insurance, notes the Insurance Information Institute (I.I.I.). Just 10% of homeowners in the U.S. have…
Canadian banks shake off oilpatch fears, report better than expected earnings
August 26, 2016 Alexandra Posadzki - THE CANADIAN PRESSTORONTO – Panic about how the oil price shock could affect the banks’ bottom lines has subsided, as several of the country’s largest financial institutions reported better-than-expected third-quarter results. CIBC (TSX:CM) reported that its quarterly profit climbed nearly 50 per…
Gap exists between opportunity, willingness to take part in usage-based insurance programs in U.S.: LexisNexis
August 25, 2016 by Canadian UnderwriterThere is an apparent gap between polled U.S. drivers who are open to taking part in usage-based insurance (UBI) and those who are provided the opportunity to do so, suggest survey results released today by LexisNexis Risk Solutions. That disconnect…
Saturated ground means more rain could spur more flooding in southern Louisiana: AIR Worldwide
August 25, 2016 by Canadian UnderwriterAdditional rainfall could result in more flooding in southern Louisiana, already hit hard by extensive flooding associated with one of the state’s most catastrophic, non-tropical cyclone-triggered flood events in decades. “In the event of further rainfall, the region’s flat topography,…
InsurTechs driving disruptive innovation in insurance customer engagement: U.S. report
August 24, 2016 by Canadian UnderwriterWhile the vast majority of surveyed insurance executives and InsurTech professionals in the United States are engaged in redesigning the customer experience, two-thirds do not have a full grasp of how evolving digital ecosystems can impact customer acquisition and customer…
Canada ‘missed the boat’ on economic policies to mitigate climate change: doctor
August 22, 2016 The Canadian PressVANCOUVER – A leading expert on climate change says Canada “has missed the boat” when it comes to developing renewable energy resources that would mitigate the impact of global warming and its impact on human health. Dr. James Orbinski, who…