Keyword
Claims
Flooding prompts B.C. First Nation community to declare state of emergency
December 7, 2015 The Canadian PressPORT ALBERNI, B.C. – A First Nations community on Vancouver Island has declared a state of emergency as rising water levels threaten to flood as many as two dozen homes. Tseshaht Chief Councillor Hugh Braker said sandbagging operations began Sunday…
Canada to invest $50 million in G7 climate risk insurance initiative in developing countries
December 7, 2015 by Canadian UnderwriterCanada’s Minister of Environment and Climate Change, Catherine McKenna, announced on Saturday that the country would contribute $50 million to the G7 Initiative on Climate Risk Insurance to help people in developing countries protect themselves against the economic consequences of…
Winter storm knocks out power in New Brunswick, P.E.I. and closes schools
December 4, 2015 The Canadian PressFREDERICTON – A winter storm moving through Atlantic Canada has closed some schools in Newfoundland and knocked out power in New Brunswick and P.E.I. NB Power says 24,000 customers were affected by the outage, with the bulk being in the…
Most polled Canadian organizations unprepared for cyber attack: Deloitte Canada
December 3, 2015 by Canadian UnderwriterJust one in five Canadian companies taking part in a recent Deloitte Canada survey report being prepared to effectively respond to a cyber attack. The survey – results of which are detailed in Navigating a harsh cyber security landscape –…
Sections of roadways in British Columbia to get variable speed signs
December 2, 2015 by Canadian UnderwriterVariable speed signs are being installed on sections of the Coquihalla, the Trans-Canada Highway and the Sea to Sky Highway in British Columbia as part of a pilot project to help reduce the frequency of weather-related crashes. With the rapidly…
Vision that mega-cities nervous systems based on Internet; reality that locations will face nat-cat risk: Allianz SE
December 1, 2015 by Canadian UnderwriterThe mega-city is coming – with two-thirds of the world’s population expected to be city dwellers by 2030 – but this development poses challenges regarding how best to strike a balance between growth, quality of life and climate protection, cautions…
AU$75 million in insured losses so far for South Australia bushfires: council
December 1, 2015 by Canadian UnderwriterWith the number of claims from the South Australian bushfires reaching 525 Monday morning, the Insurance Council of Australia (ICA) reported total insured losses had hit AU$75 million. Declared a disaster by ICA Nov. 26, there are multiple bushfires burning…
Note-Worthy
December 1, 2015 The CIP Society Insurance Institute of CanadaFor insurance professionals, taking note-taking seriously is no laughing matter. Dealing with a difficult, demanding or even threatening claimant can be trying for claims adjusters, but professionalism and accuracy in note-taking is paramount. Failing to do so can put the impartiality and reputation of both the adjuster and the company at risk.
Staying Dry
December 1, 2015 Greg Meckbach, Associate EditorResidential flood coverage is now available from three personal lines insurers in Canada. While a step forward for a peril that until just recently was deemed to be uninsurable, gaps do remain, with Insurance Bureau of Canada noting the offerings likely will not deal with all high-risk properties.
Moves and Views
December 1, 2015 by Canadian Underwriter1 Serge Lavoie [1], former president and chief executive officer of Jevco Insurance Company, took on duties as president of the Canadian subsidiary, Echelon Financial Holdings Inc., as of December 1. Most recently Quebec president of GDI Integrated Facility Services,…
Marketplace
December 1, 2015 by Canadian UnderwriterREGULATION Eligible policyholders to vote on demutualization Economical Insurance’s Board of Directors has announced a shareholder vote on demutualization will proceed in mid-December. The announcement comes several months after Ottawa enacted regulations allowing property and casualty insurers to demutualize. Beyond…
Mega Prepared?
December 1, 2015 Eric Robinson, Senior Scientist, AIR WorldwideWhat would happen if Canada experienced an atmospheric perils mega-disaster in a single year? Is Canada prepared to deal with the uncertainty of numerous events in different regions?