Keyword
fire
37% of Quebec tenants have no home insurance: IBC survey
September 6, 2017 by Canadian UnderwriterNearly four in 10 tenants in Quebec have no home insurance, “a regrettable situation that clearly puts their financial security at risk,” the Insurance Bureau of Canada (IBC) said in a press release on Wednesday. A survey completed for IBC…
Tenant’s insurer not liable for subrogated home fire claim arising from vehicle repair
August 18, 2017 by Canadian UnderwriterA subrogated fire claim – arising from a tenant repairing his vehicle at home – is excluded from the tenant’s home policy because the fire arose from “use” of a motor vehicle, an Ontario court recently ruled. In June, 2007,…
Economic growth blows past expectations in May, powered by energy industry
July 28, 2017 Craig Wong - THE CANADIAN PRESSOTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product…
SCOR posts net income of 292 million euros for the first half of 2017
July 27, 2017 by Canadian UnderwriterFrench reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for…
“Extension cord mess” cited in fire that killed N.B. mother, three sons
July 26, 2017 The Canadian Press (CPSTF)ST. GEORGE, N.B. – Fire investigators say a mess of extension cords and power bars, as well as the failure of an electrical component, were likely to blame for a fire that killed a New Brunswick woman and her three…
Commercial lease did not ‘expressly preserve’ right of landlord to pursue subrogated fire claim against tenant: Court
July 7, 2017 by Canadian UnderwriterThe owner of a commercial building damaged by fire that started in a restaurant kitchen is precluded from pursuing a subrogated claim against the restaurant operator due to a clause in the lease requiring the landlord to buy fire insurance,…
Fire destroys N.L. apartment complex, leaves dozens homeless in St. John’s
June 27, 2017 The Canadian Press (CPSTF)JOHN’S, N.L. – A massive, fast-moving fire at a public housing complex has forced about 35 people out of their homes in a blaze that sent large plumes of smoke billowing above St. John’s, N.L. Fire platoon Chief Brian Tucker…
Number of lightning-related homeowners insurance claims in the U.S. up in 2016, but average cost for insurers down: I.I.I.
June 16, 2017 by Canadian UnderwriterThe number of homeowners insurance claims from lightning strikes and electrical surges in the United States rose in 2016, compared with 2015, but the average cost that insurers paid on those claims fell, according to a new analysis by the…
Cladding may have helped spread London high rise fire, experts say
June 15, 2017 Gregory Katz - THE ASSOCIATED PRESSLONDON – The official cause may not be known for months. The death toll is unclear – and rising. No one has said exactly where the fire started. But experts suspect recent renovations at the Grenfell Tower, including newly installed…
Six killed, 74 injured in massive London, U.K. high rise blaze
June 14, 2017 Gregory Katz and Danica Kirka - THE ASSOCIATED PRESSLONDON – A deadly overnight fire raced through a 24-story apartment tower in London on Wednesday, killing at least six people and injuring 74 others. One desperate woman threw a baby out of a high window and a man on…
Large fire destroys lone grocery store in small, central New Brunswick town
June 5, 2017 The Canadian PressMINTO, N.B. – A large fire that produced plumes of smoke that could be seen several kilometres away has destroyed a New Brunswick community’s only grocery store. RCMP Cpl. Kevin Jones said the Foodland on Main Street in Minto burned…
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 UnderwriterA 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…