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Chubb enhances Master Equipment Breakdown insurance policy for Canadian customers

February 7, 2017 by Canadian Underwriter

Chubb announced on Tuesday that is has enhanced its Masterpiece Equipment Breakdown insurance policy to “better protect customers against problems associated with the sudden or accidental breakdown of residential equipment.” Available to customers with an existing Canadian Masterpiece Homeowners, Condominium

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Oceans Protection Plan includes robust polluter-pay approach to abandoned, derelict and wrecked vessels

November 8, 2016 by Canadian Underwriter

Canada’s new $1.5 billion national Oceans Protection Plan involves a raft of measures to help protect the country’s marine environment, including a pollution-pay approach with regard to abandoned, derelict and wrecked vessels The national plan was announced Monday in St.

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Estimated insured losses from Hurricane Matthew for U.S., Caribbean between US$2.8 billion and US$8.8 billion: AIR

October 13, 2016 by Canadian Underwriter

Modelled insured losses from Hurricane Matthew could range from US$2.2 billion to US$6.8 billion for the United States and US$600 million to US$2.0 billion for the Caribbean, notes an estimate issued Thursday by AIR Worldwide. Hurricane Matthew affected the Caribbean

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Prince Albert, Sask. shuts off water intake following oil spill

July 25, 2016 by Canadian Underwriter

The Saskatchewan city of Prince Albert has become the second city to enact water conservation protocols following an oil spill into the North Saskatchewan River, following on the heels of North Battleford. The City of Prince Albert said in a

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$508 million in pollution liability for B.C. government: Report

June 10, 2016 by Canadian Underwriter

The British Columbia government said Friday that as of March 31, the province’s forests, lands and natural resource operations department recognized $508 million in pollution-related liabilities related to property managed by the Crown Contaminated Sites Program. The ministry on Friday

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Fort McMurray wildfire nearly 50% contained; no significant growth in two days: Alberta government

June 3, 2016 by Canadian Underwriter

The Fort McMurray wildfire remains out of control, but has not seen any significant growth over the past 48 hours and is nearly 50% contained, the government of Alberta said in a statement on Thursday. It is estimated to cover