Hot, dry and windy conditions continue in Manitoba, resulting in elevated wildfire danger levels in many areas of the province, Manitoba Sustainable Development and the Office of the Fire Commissioner said in a media bulletin issued on Friday. To date,…
Two significant spring storm and flooding events in eastern Ontario and western Quebec resulted in more than $223 million in insured damage, according to information from Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) released on Friday. Between April 5 and…
Insured flood loss for homes in Texas and Louisiana affected by Hurricane Harvey is estimated to be between US$6.5 billion and US$9.5 billion, according to preliminary loss estimates from CoreLogic. Irvine, Calif.-based CoreLogic, a global property information, analytics and data-enabled…
KAMLOOPS, B.C. - British Columbia's tourism industry is taking a hit with businesses reporting rising cancellations and decreased traffic over fears of wildfires. Maya Lange with Destination BC, the province’s tourism planning and marketing corporation, said Wednesday preliminary results from...
The City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements.…
Economic losses caused by wind, storm surge and inland flood from Hurricane Harvey could be as high as US$70-90 billion, according to preliminary estimates from Risk Management Solutions, Inc. (RMS). The Newark, Calif.-based global risk modelling and analytics firm said…
SCM Insurance Services announced on Thursday that it has received a majority investment from funds affiliated with Warburg Pincus LLC, a global private equity firm focused on growth investing. The major investment, along with the continued investment in SCM by…
Assessing the threat and understanding the consequences of cyber breaches
The Supreme Court of Canada decision in Ledcor Construction Ltd. v. Northbridge Indemnity Insurance Co. has created an exception to the principle outlined in Sattva Capital Corp. v. Creston Moly Corp. and may lead to an increase in insurance litigation.
The release of pollutants such as fuel, motor oil or lubricants, coolant or brake fluid can cause environmental impairment in the event of a trucking collision
The insurance claims process has traditionally been inefficient, and insurance companies are trying to use computer analytics to improve the process
Krista McCann and Lisa Montgomery took ownership of Fair Way Adjusters in Saskatoon, Saskatchewan, after Blaine Tower, the previous owner, died of cancer.