MINTO, 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.