Keyword
Claims
Telematics will “uber-ize” the auto insurance industry: PTOLEMUS study
December 16, 2015 by Canadian UnderwriterTelematics will “uber-ize” the auto insurance industry, according to the 2016 edition of a usage-based insurance (UBI) global study by PTOLEMUS Consulting Group, a strategy consulting firm entirely focused on connected vehicle services and the Internet of Things. The 1,000-page…
Winter storm closes schools in parts of New Brunswick, Nova Scotia and P.E.I.
December 15, 2015 The Canadian PressHALIFAX – A storm bringing a messy mix of snow, rain and high winds closed schools in parts of the Maritimes and affected marine travel in the region. Environment Canada said up to 25 centimetres of snow was expected Tuesday…
Government of Alberta adopts 2013 flood recommendations
December 15, 2015 by Canadian UnderwriterThe government of Alberta said on Friday that it has accepted 15 recommendations and one in principle in relation to an independent review of the province’s response to the 2013 floods, the most widespread and costliest disaster in Alberta’s history.…
Thousands evacuated as powerful typhoon slams into eastern Philippines
December 14, 2015 THE ASSOCIATED PRESSMANILA, Philippines – Thousands of residents evacuated as Typhoon Melor slammed into the eastern Philippines, where flood- and landslide-prone communities are bracing for destructive winds, heavy rains and coastal floods of up to 4 metres, officials said Monday. Classes and…
No criminal charges from fatal L’Isle-Verte, Quebec seniors’ residence fire
December 14, 2015 THE CANADIAN PRESSRIVIERE-DU-LOUP, Que. – No criminal charges will be laid in the fire that killed 32 people at a seniors’ residence in Quebec nearly two years ago, the Crown announced Monday. The decision came after provincial police submitted a report into…
No indication yet of ‘terrorist act’ in Russian plane crash: Egyptian investigators
December 14, 2015 Maamoun Youssef - THE ASSOCIATED PRESSCAIRO – A preliminary investigation into the crash of a Russian passenger plane has found no indication yet of any “illegal or terrorist act,” Egypt’s chief investigator said in a statement released Monday. The vaguely worded statement by Ayman el-Muqadam…
Two women die in heavy rains that drenched Oregon, Washington
December 10, 2015 Manuel Valdes and Lisa Baumann - THE ASSOCIATED PRESSFALL CITY, Wash. – While much of the Pacific Northwest on Wednesday got a respite from rains that have pummeled the region for days, mudslides and flooding rivers triggered multiple rescues and claimed the life of a woman after her…
Alberta to demolish 17 homes affected by 2013 flooding
December 10, 2015 by Canadian UnderwriterThe province of Alberta has decided to demolish 17 homes along the Elbow River that were damaged by the massive flooding in 2013. The Ministry of Municipal Affairs said in a statement on Wednesday that the province evaluated its options…
IBC study estimates future costs of specific severe weather events stemming from climate change
December 10, 2015 by Canadian UnderwriterCanadian communities need to adapt to avoid the projected increasing costs due to climate change, according to a study released on Wednesday by the Insurance Bureau of Canada (IBC). The Economic Impacts of the Weather Effects of Climate Change, released…
U.S. insurers’ catastrophe management preparation sound, with opportunities for improvement: PCS
December 10, 2015 by Canadian UnderwriterMost insurers in the United States have numerous pieces in place to launch effectively into action when catastrophes strike, most notably the near universal use of a catastrophe plan manual, according to a new report from Property Claims Services (PCS),…
Average large business interruption claim 36% more costly than average property damage claim: Allianz Global Corporate & Specialty
December 9, 2015 by Canadian UnderwriterThe average large business interruption (BI) property insurance claim is now in excess of US$2.4 million, 36% higher than the corresponding average property damage claim of just over US$1.7 million, according to a new report from Allianz Global Corporate &…
Heavy rains drench Portland, northwest Oregon, causing flooding, landslides, sewer overflow
December 8, 2015 The Associated PressPORTLAND, Ore. – Heavy rains turned streets in the Portland area into creeks, interrupted bus and light rail service and forced the evacuation of at least one neighbourhood. Monday’s flooding caused the closure of numerous roads, and heavy rains triggered…