Kelowna fires leave 244 homes destroyed
August 25, 2003 by Canadian UnderwriterAfter a month of forest fires raging through areas of B.C., Kelowna is now the target zone. Some of the 24,000 residents under evacuation order were returning to their homes on Sunday, but many did not know if they would…
B.C. forest fires claim 80 homes, sawmill
August 6, 2003 by Canadian UnderwriterFires that continue to rage through B.C. are making it difficult for emergency crews and adjusters to reach affected areas and thus come up with an estimate of damage.As of the first week of August, about 335 fires still burned,…
B.C. Fires Wreak Multi-Million Dollar Losses
August 1, 2003 by Canadian UnderwriterIn what is reported to be the worst forest fire to hit B.C. in the past 50 years, a widespread blaze has caused the evacuation of several towns and even invaded into neighboring Alberta. Although damage is expected to run…
MPI hail storm claims reach $2.5 million
July 23, 2003 by Canadian UnderwriterDamage to vehicles as a result of hail storms last week in Manitoba has reached $2.5 million, the province’s public insurer reports.Manitoba Public Insurance (MPI) has received about 1,400 claims to date, for a value of $2.5 million, says MPI…
Views (June 01, 2003)
June 1, 2003 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) and Institute for Catastrophic Loss Reduction (ICLR) are doing their part to build safer communities. The IBC recently launched a program to honor “disaster-prepared” communities, while the ICLR unveiled the country’s first “disaster-resistant” home,…
Clearing Canada’s Brownfields
April 1, 2003 by Canadian UnderwriterIn the late 1990s, CU published several articles on brownfields work being done by the National Round Table on the “Environment and the Economy” (NRTEE), which led to their “State of the Debate” report in 1998. Since then, a further…
Georgia tornadoes bring US$2.5 million in claims
March 20, 2003 by Canadian UnderwriterTornadoes and deadly storms that ripped through Georgia on Wednesday have caused US$2.5 million in claims, estimates the state’s Insurance Commissioner, John Oxendine.He visited the devastated areas today, calling on insurers to quickly pay out claims.The storms claimed six lives,…
Insurers step up to deal with New Brunswick storms
February 5, 2003 by Canadian UnderwriterFollowing harsh winter storms which struck New Brunswick and other Atlantic provinces earlier this week.According to the Insurance Bureau of Canada (IBC), as of Tuesday morning, 25,000 households in New Brunswick were still without power as a result of the…
Doctor walkouts could affect U.S. hospital credit ratings: Fitch
February 3, 2003 by Canadian UnderwriterWith doctors across the U.S. planning or having already walked out over increased medical malpractice insurance costs, rating agency Fitch says such action could turn into a credit concern for hospitals.Fitch’s suggestion is the latest step in a growing crisis,…
Smash! Birth of the Ace
January 1, 2003 Sam Malatesta, vice president of marketing & insurance relationsBoth insurers and their collision repair partners are facing difficult times, with costs rising and marketshare scarce. Consolidation in either industry has not brought about the kind of cost efficiency dreamed of. Perhaps it is time to see “the big…
Isidore wreaks US$100 million damage on Louisiana (October 01, 2002)
October 1, 2002 by Canadian UnderwriterInsurers in Louisiana will be paying out US$100 million in the wake of Tropical Storm Isidore, according to the state’s insurance regulator.Acting insurance commissioner Robert Wooley says the storm, which hit largely in the south part of the state, caused…
Isidore wreaks US$100 million damage on Louisiana (October 01, 2002)
October 1, 2002 by Canadian UnderwriterInsurers in Louisiana will be paying out US$100 million in the wake of Tropical Storm Isidore, according to the state’s insurance regulator. Acting insurance commissioner Robert Wooley says the storm, which hit largely in the south part of the state,…