438 articles for Aug 2007
First above-normal Atlantic hurricane season since 2012 produced five landfalling U.S. storms: NOAA
December 1, 2016 by Canadian UnderwriterThe first above-normal Atlantic hurricane season since 2012 has produced five landfalling storms in the United States, the National Oceanic and Atmospheric Administration (NOAA) said on Wednesday. The Atlantic, eastern Pacific and central Pacific 2016 hurricane seasons ended on Nov.…
Runway end safe areas should meet international standards: TSB
November 29, 2016 by Canadian UnderwriterTransportation Safety Board of Canada reiterated this week its warning of a lack of runway end safety areas in Canada that meet international standards. In December, 2007, TSB recommended that Transport Canada require all runways, with a length of greater…
Insurance Institute of Canada presents awards to Silvy Wright and Ted Teterenko
November 23, 2016 by Canadian UnderwriterThe Insurance Institute of Canada (IIC) has awarded Silvy Wright, president and CEO of Northbridge Financial Corporation, an Honorary Chartered Insurance Professional (HCIP) designation and presented IIC volunteer Ted Teterenko with an Award of Merit. In awarding Wright (pictured right)…
Transportation Safety Board of Canada warns risk of runway incursions ‘too high’
October 31, 2016 by Canadian UnderwriterThe Transportation Safety Board of Canada reiterated Monday its contention that the risk of collisions on runways involving airplanes is too high. TSB – a separate agency from Transport Canada that investigates incidents in aviation, marine, rail and pipelines –…
US retail sales slump 0.3 per cent
September 15, 2016 byDip ends four months of gains.
Resetting Limits
September 3, 2016 Joe Thorne, Senior Associate; and Giles Ayers, Articled Clerk, Stewart McKelveyA new decision out of Newfoundland and Labrador explores confirmation and resetting limitation periods. Of note for insurers, the ruling provides certainty regarding the impact of payment for certain documents in the course
of a claim investigation.
Looking Ahead
September 2, 2016 Greg Meckbach, Associate EditorWith property and casualty reinsurance prices showing few signs that downward pressure is ending any time soon, traditional reinsurance looks to be a real bargain for carriers hoping to protect their balance sheets and prepare themselves for future catastrophes. Forward-looking carriers are also recognizing that cost-effective reinsurance can help secure their future profitability.
Reinsurance disputes and CBI exposures possible after North American wildfires and Louisiana floods: CMS lawyer
September 2, 2016 by Canadian UnderwriterA year of fire and floods in North America could lead to a repeat of 2007, when reinsurance disputes emerged over causation issues, a lawyer with global law firm CMS said on Friday. Alex Denslow, a partner with the Insurance…
Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments
August 11, 2016 by Canadian UnderwriterThree weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to…
Transportation Safety Board of Canada pushes for more hot air balloon safety regulations
August 10, 2016 by Canadian UnderwriterNine years after a hot air balloon accident near Winnipeg, the Transportation Safety Board of Canada suggested Monday it “continues to be concerned” that operators are not regulated in the same manner as operators of other commercial aircraft. “Hot air…
Right Place, Right Time
May 1, 2016 Angela Stelmakowich, EditorJohn Sharoun, recipient of The CIP Society’s 2016 Greater Toronto Area Fellow of Distinction Award, knows making an effort can produce solid results.
Oppression remedy lawsuit against corporate directors reaches Supreme Court of Canada
April 10, 2016 by Canadian UnderwriterThe Supreme Court of Canada announced Thursday it will hear an appeal of a lawsuit in which two corporate directors were ordered to pay more than $600,000 to a former chief executive officer who brought an oppression remedy action under…