Canadian Underwriter

News Claims CanadaRestoration

Cause of large B.C. hotel fire still under investigation

June 11, 2019 THE CANADIAN PRESS

VICTORIA – Councillors in Victoria are being asked to authorize demolition of what remains of the Plaza Hotel after a fire that burned for four days in the city’s downtown last month. The three-storey, 108-year-old vacant structure had been designated

News InsuranceMergers and Aqcuisitions

Desjardins exec explores intricacies of State Farm acquisition

May 10, 2019 by Adam Malik

A merger between two direct carriers may seem simple enough, but stumbling blocks can quickly appear once you peel back the layers. It’s a lesson Desjardins learned during its acquisition of State Farm. Things you don’t think about come to

News CatastrophesClimate Change

Third Nor’easter in two weeks pummels Atlantic Canada

March 14, 2018 Michael Tutton - THE CANADIAN PRESS

HALIFAX –  A small steeple that’s a part of Halifax’s urban landscape toppled early Wednesday in a fierce winter storm that left thousands of Maritimers facing power outages, school closures and flight cancellations. Rev. Betsy Hogan, the minister at the

News InsuranceMarkets / CoveragesTechnology

How driverless trucks will affect Alberta’s oilsands

February 1, 2018 Dan Healing - THE CANADIAN PRESS

CALGARY – About 400 jobs are expected to disappear at Suncor Energy Inc.’s oilsands mines in northern Alberta as it deploys driverless ore-hauling trucks to replace the ones humans operate now. “We have about 500 roles that will get eliminated

News InsuranceMarkets / CoveragesTechnology

Autonomous trucks moving quickly to commercial reality despite job threat

January 2, 2018 Ross Marowits - THE CANADIAN PRESS

MONTREAL – Once thought of as a distant fantasy, autonomous trucks are moving towards commercial reality on Canadian highways as companies look to boost productivity amid a driver shortage and governments seek to reduce deadly crashes. They are not yet

News AssociationsInsuranceTechnology

Consumers starting to expect zero friction, omni-channel offering key: CIAA event speakers

April 18, 2017 by Angela Stelmakowich

Insurance is among the services that must offer an omni-channel experience if it expects to address the expectations of consumers as the complexity of their demands shift, Duncan Stewart, director of technology, media and telecommunications research for Deloitte Canada, suggested

News CatastrophesConstructionInsuranceMarkets / Coverages

Italy prepares for reconstruction, starts post quake probe

September 2, 2016 Nicole Winfield - THE ASSOCIATED PRESS

ROME – Italy began looking to the future Wednesday a week after an earthquake flattened three towns, with Premier Matteo Renzi tapping a reconstruction czar to oversee the rebuilding and investigators acquiring the first documentation into the construction blamed for

News CatastrophesConstructionInsuranceMergers and AqcuisitionsReinsurance

“Limited impact” expected for Italian insurers following earthquake: Fitch

August 29, 2016 by Canadian Underwriter

The impact on Italian insurers from the earthquake that struck the central part of the country is likely to be limited, ratings firm Fitch Ratings said on Friday. Fitch Ratings estimates insured losses of 100 million to 200 million euros,

News CatastrophesConstructionInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Recent earthquakes a reminder that events can happen anywhere: I.I.I.

August 26, 2016 by Canadian Underwriter

The recent earthquakes in Italy and Myanmar are a warning to homeowners and business owners in regions that may also be at risk to consider purchasing earthquake insurance, notes the Insurance Information Institute (I.I.I.). Just 10% of homeowners in the U.S. have

News CatastrophesConstructionInsuranceMergers and AqcuisitionsReinsurance

Low-quality cement, inadequate supporting rods among issues in Italian region hit by earthquake: Aon

August 24, 2016 by Canadian Underwriter

The region of Italy hit by an earthquake early Wednesday morning, which killed at least 65, has buildings with “inadequate supporting iron rods” and a “relatively low” penetration of earthquake insurance for residential property, Aon plc’s Impact Forecasting LLC subsidiary

News CatastrophesReinsurance

Italian rescuers pull victims out of rubble after 6.2 earthquake hits northeast of Rome

August 24, 2016 Paolo Santalucia And Nicole Winfield - THE ASSOCIATED PRESS

AMATRICE, Italy – A strong earthquake rocked central Italy early Wednesday, collapsing homes on top of residents as they slept. At least 11 people were reported dead in two hard-hit towns where rescue crews raced to dig survivors out of

News InsuranceLegal

Court of Appeal for Ontario clears way for misrepresentation lawsuit against directors and officers arising from take-over bid circulars

August 23, 2016 by Canadian Underwriter

Shareholders alleging that an offeror made a misrepresentation in a take-over bid circular can – in Ontario – sue both the offeror and the offeror’s directors and signatories personally, rather than having to choose to sue one or the other,