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New cyberattack causes mass disruption globally

June 27, 2017 by Canadian Underwriter

One month after the massive global WannaCry ransomware attack, “a new and highly virulent outbreak of malicious data-scrambling software appears to be causing mass disruption across the world, hitting companies and governments in Europe especially hard,” the Associated Press reported

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U.S. earthquakes estimated to cost US$6.1 billion annually in building stock losses

June 26, 2017 by Canadian Underwriter

Earthquakes are estimated to cost the United States US$6.1 billion annually in building stock losses, according to an updated report published last week by the Federal Emergency Management Agency (FEMA). The new loss estimate represents a 10% increase over the

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Slice launches “first on-demand insurance platform” for homeshare hosts in 13 states

June 1, 2017 by Canadian Underwriter

Slice Labs Inc., a technology company offering what it calls “the first on-demand insurance platform in the United States,” announced on Wednesday the launch of their homeshare insurance product in 13 states. Homeshare hosts in 13 states – California, Colorado,

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Nearly 6.9 million U.S. homes at risk of hurricane storm surge damage in 2017: CoreLogic

June 1, 2017 by Canadian Underwriter

Nearly 6.9 million homes along the Atlantic and Gulf coasts in the United States are at potential risk of damage from hurricane storm surge inundation, according to CoreLogic’s 2017 Storm Surge Report. On Thursday, the global property information, analytics and

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U.S. northeast winter storm grounds more than 5,000 flights

March 14, 2017 Deepti Hajela - THE ASSOCIATED PRESS

NEW YORK – A storm expected to drop more than a foot of snow pounded the United States Northeast on Tuesday, paralyzing much of the Washington-to-Boston corridor after a remarkably mild February had lulled people into thinking the worst of

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New Jersey town: We’re not to blame in beach collapse death

December 22, 2016 Wayne Parry - THE ASSOCIATED PRESS

NORTH WILDWOOD, N.J. – A beach town being sued for the drowning death of a man swept out to sea when the sand collapsed underneath him says it is immune from such lawsuits due to a state law governing unimproved

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Coastal wetlands prevented more than US$625 million in property damages during Hurricane Sandy in 2012: report

October 25, 2016 by Canadian Underwriter

More than US$625 million in property damages were prevented during Hurricane Sandy in 2012 by coastal wetlands along the coast northeast coast of the United States, according to a new report released on Tuesday. Using the latest modelling techniques, scientists

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NTSB: Damage to New Jersey train hampering investigation

October 13, 2016 The Associated Press

HOBOKEN, N.J. – Heavy damage to the front of a commuter train that slammed into a New Jersey station last month, killing a woman and injuring 100 people, is hampering the investigation into what went wrong. The National Transportation Safety

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Frequency of improvised explosive device attacks ‘a key statistic’ for insurers: RMS

September 19, 2016 by Canadian Underwriter

Explosions this past weekend in the Eastern United States have “implications for the modeling of terrorism risk,” Risk Management Solutions (RMS) Inc. stated Monday in a release. The Associated Press reported that an improvised explosive device (IED) exploded Saturday night