Judges disagree on whether a sandbar is a highway
January 4, 2019 by Greg MeckbachThe definition of “highway,” which is often debated in coverage disputes, is not as broad as some might think, the Court of Appeal for British Columbia has ruled. Robert Adam took Insurance Corporation of B.C. to court after he was…
Flood watches in British Columbia result from heavy rain
January 4, 2019 by THE CANADIAN PRESSVANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood…
Half a metre of snow dumped on Newfoundland
January 3, 2019 by THE CANADIAN PRESSGANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting…
Asset manager closes acquisition of Sedgwick
January 3, 2019 by Jason ContantAsset manager The Carlyle Group has closed its acquisition of a majority ownership of Sedgwick from KKR & Co. Inc. and other shareholders for an estimated $6.7 billion. Funds managed by Stone Point Capital LLC and Caisse de dépôt et…
Recent storm ‘most damaging’ in BC Hydro history
January 2, 2019 by THE CANADIAN PRESSVANCOUVER – BC Hydro says December’s massive windstorm was the most damaging in its history and demonstrates improvements are needed in order to be ready for future outages. A report from the Crown corporation says the Dec. 20 storm was…
Marriott data breach could cost over $200 million: AIR
December 20, 2018 by Greg MeckbachThe hacking of a hotel reservation system affecting Sheraton, Westin, Starwood and Marriott could cost up to $600 million for direct losses alone, AIR Worldwide said this week. AIR, a subsidiary of Verisk Analytics Inc. that produces catastrophe loss models,…
Calgary claims vendor now owned by CoreLogic
December 19, 2018 by Greg MeckbachCoreLogic Inc. announced Wednesday it has closed its acquisition of Symbility Solutions Inc. Irvine, Calif.-based CoreLogic – which provides risk data on properties to property and casualty insurers – already owned 28% of Symbility, a Calgary-based vendor of claims processing…
Is the number of drunk drivers in Canada decreasing?
December 18, 2018 by Jason ContantThe number of Canadians who died in a crash involving a “drinking driver” has generally decreased in recent years, but rose again in 2015, according to recent research. In 1995, 1,057 Canadians (excluding British Columbians) were killed in road crashes…
Which Canadian community has the lowest vehicle collision rate?
December 17, 2018 by Jason ContantA community in northern Ontario ranks as the safest for drivers in Canada, with an average vehicle collision rate of 3.8%, according to data from the Allstate Insurance Company of Canada. The 10th Annual Allstate Canada Safe Driving Study found…
Winds affecting Vancouver area could damage property
December 14, 2018 by THE CANADIAN PRESSVANCOUVER – Powerful winds are set to sweep British Columbia on Friday with gusts of up to 100 kilometres an hour in some areas. Environment Canada has posted wind warnings for Metro Vancouver, Fraser Valley, Vancouver Island and parts of…
How costly is the fire peril for Canadian insurers?
December 13, 2018 by Jason ContantThe traditional fire peril continues to cost Canadian insurers, with fire/explosion accounting for almost a quarter (23%) of commercial claims by value, Allianz Global Corporate & Specialty (AGCS) said in its new Global Claims Review report, released Thursday. AGCS analyzed…
Risk factors at Humboldt Broncos crash intersection identified in report
December 12, 2018 by Ryan McKenna - THE CANADIAN PRESSREGINA – A consulting firm says sight lines are a safety concern at the rural intersection where the deadly Humboldt Broncos bus crash happened. A 70-page safety review done for the Saskatchewan government says a stand of trees, mostly on…
