Topic
Mergers and Aqcuisitions
Tropical storms to reach record levels
August 15, 2005 by Canadian UnderwriterA record number of tropical storms may result from the 2005 North Atlantic hurricane season, according to Tropical Storm Risk (TRS) – led by University College London’s Benfield Hazard Research Centre.Approximately 22 tropical storms, TSR reports, may form in the…
Fire in the Okanagan forces evacuation
August 10, 2005 by Canadian UnderwriterA recent wild fire ravaging an Okanagan sagebrush field just a few 100 metres away from Oliver city, B.C., has forced many residents to flea their homes. The fire quickly grew to 500 hectares before air tankers began to fight…
Cell phone use while driving increases crash risk
July 12, 2005 by Canadian UnderwriterPeople who use their mobile phones while driving are four times more likely to have a car crash than those who don’t, even if they aren’t holding the phone, according to a recent study published in the British Medical Journal.…
What’s New: In brief (July 12, 2005)
July 12, 2005 by Canadian UnderwriterB.C. Ferries are continuing to experience trouble with vessels, as another ferry recently lost power last night while approaching a berth in the southern Gulf Islands. Before it docked at Sturdees Bay on Galliano, the Queen of Cumberland lost three…
ING compensates flood victims in Alberta
July 8, 2005 by Canadian UnderwriterING’s insurance subsidiaries are assisting more than 5,000 customers to clean up and repair the water and hail damage incurred as a result of recent storms in southern Alberta. Jetse de Vries, chief operating officer for ING Canada, Western Region,…
Alberta pays higher auto insurance than BC, national study finds
July 8, 2005 by Canadian UnderwriterThe first results of a national study on auto insurance rates, recently released by the Consumers’ Association of Canada, found that consumers in Alberta pay an average of 30% more for their auto insurance than BC consumers. Auto insurance rates…
Montreal highways hit with flash floods
July 7, 2005 by Canadian UnderwriterMontreal highways were recently flooded by a heavy flash flood. According to Const. Chantal Mackels, with the Quebec provincial police, no one was injured. However, she adds some drivers were caught in flood waters and had to be rescued by…
Building permit values drop significantly
July 7, 2005 by Canadian UnderwriterIn May, Canadian building permits saw a decrease in value of 2.1%, according to Staistics Canada, which recently announced that this decline directly reflects a noticeable drop in non-residential permits. Permit value was anticipated to fall a mere 0.5%, similar…
Tropical storm warnings mark hurricane season’s second month
July 5, 2005 by Canadian UnderwriterTropical storm Cindy the third named storm of the Atlantic hurricane season recently formed and is set to hit the coast of Louisiana coast. The National Hurricane Center in Miami expects Cindy may strengthen before hitting Louisiana, well exceeding it’s…
More Canadians are buying cars
July 5, 2005 by Canadian UnderwriterIn June, Canadian sales of cars and light trucks jumped 7.3%.Sales advanced from the previous year’s figure of 150,432 to 161,413, according to DesRosiers Automotive Consultants Inc. Sales for the first and second quarter of 2005 combined, showed an increase…
Bad weather conditions increase auto injury risk by 70%
June 30, 2005 by Canadian UnderwriterBad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR).Presented by Jean Andrey, associate dean of geography at…
Insurers may be flooded with storm damage claims from Alberta
June 23, 2005 by Canadian UnderwriterFlooding is no longer the only force damaging residences in Alberta. Environment Canada has now released reports of several tornado sightings near Vauxhall, Taber and Coalhurst with at least one of them touching down. In addition, heavy windstorms and golf-ball-sized…