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fire


News InsuranceLegalLegislation / RegulationMergers and Aqcuisitions

Supreme Court of Canada will not hear appeal from insureds seeking replacement cost instead of actual cash value in fire claim

June 2, 2017 by Canadian Underwriter

A disputed property insurance claim arising from a fire in Ottawa, in which the claimants asked for replacement value but the insurer would only pay actual cash value, will not be heard by the Supreme Court of Canada, the court

News InsuranceMarkets / CoveragesMergers and AqcuisitionsTechnology

Willis Towers Watson and Roost to establish home telematics consortium of 5-10 U.S. carriers

May 31, 2017 by Canadian Underwriter

Willis Towers Watson (WTW) announced on Wednesday that it has entered into an agreement with Roost, an innovator in smart home technology, to establish a “home telematics consortium” of five to 10 insurance carriers. WTW, the global advisory, broking and

News InsuranceTechnology

Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in

News CatastrophesInsuranceMergers and AqcuisitionsProductsReinsuranceTechnology

RMS releases new class of cyber-physical risk modelling for property insurers

April 6, 2017 by Canadian Underwriter

RMS has expanded its range of cyber models to include a new class of so-called cyber-physical models in a bid to answer the increasing related risk of insurance losses from hackers targeting control systems linked to the Internet. These cyber-physical

News Earnings / RatingsInsuranceMergers and Aqcuisitions

44% of The Co-operators’ claims and benefits in 2016 were for property damage, the company’s inaugural integrated report says

April 4, 2017 by Canadian Underwriter

Guelph, Ont.-based The Co-operators has released its inaugural 2016 Integrated Annual Report, reporting that more than four in ten claims and benefits paid in 2016 were for property damage. The Co-operators released the report on Tuesday, joining “a handful of

News AssociationsInsuranceMergers and Aqcuisitions

Strong investment gains even out results for Ontario mutual insurers

April 3, 2017 by Angela Stelmakowich

Financial results for Ontario mutual insurers in 2016 were better than expected, with 2016 marking the eighth consecutive year of overall profitability and seventh year in a row of underwriting profit. The aggregate results for Guarantee Fund Mutuals in 2016

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Fire at historic church just outside Halifax a ‘devastating’ blow: member

March 22, 2017 The Canadian Press

NORTH PRESTON, N.S. – Fire has caused extensive damage to a large, historic church considered the cornerstone of a small community just east of Halifax. Firefighters from five stations were called Wednesday at 9:30 a.m. to extinguish a stubborn blaze

News CatastrophesInsuranceMergers and Aqcuisitions

Buildings evacuated after massive fire breaks out in midtown Toronto

February 15, 2017 Liam Casey - THE CANADIAN PRESS

TORONTO – Firefighters continued to pour water on a massive and “hazardous” blaze in midtown Toronto early Wednesday, several hours after the fire began and forced the evacuation of surrounding buildings. Division Cmdr. Len Stadler said the fire at The

News CatastrophesInsuranceMergers and Aqcuisitions

School, town hall, RCMP office on fire in southern Newfoundland: police

January 17, 2017 The Canadian Press

MILLTOWN, N.L. – Police have taken one person into custody after the local school, town hall and police station all caught fire in a small community on Newfoundland’s south coast. RCMP Cpl. Trevor O’Keefe said calls started coming in at

News CatastrophesInsuranceMergers and Aqcuisitions

Minister pledges aboriginal housing improvements after fatal Ontario fire

December 19, 2016 Mike Blanchfield and Jim Bronskill - THE CANADIAN PRESS

OTTAWA – The federal government is determined to improve aboriginal housing, Indigenous Affairs Minister Carolyn Bennett said Friday after an Ontario chief blasted Ottawa for a lack of action following a deadly blaze that killed a family of five. The

Feature InsuranceLegislation / RegulationMergers and Aqcuisitions

Hot Cargo

December 1, 2016 Greg Meckbach, Associate Editor

With the size of today’s container ships, damage from a fire on a single container could result in a loss of millions of dollars. And cargo that is susceptible to spontaneous combustion, especially when not properly declared, can be especially risky.

News CatastrophesInsuranceMergers and Aqcuisitions

Major fire causes extensive damage at Nova Scotia fish processing plant

November 17, 2016 The Canadian Press

EASTERN PASSAGE, N.S. – A major fire has caused extensive damage at a waterfront fish processing plant on Nova Scotia’s eastern shore. Brad Connors, a division commander with the Halifax regional fire department, said a call came in at about