Quebec pounded by winter storm, premier acknowledges need for better response
March 16, 2017 Morgan Lowrie - THE CANADIAN PRESSMONTREAL – Heavy snow continued to fall Wednesday as Quebec emergency crews struggled to cope with a fatal winter storm that paralyzed traffic and left hundreds of motorists stranded in their cars overnight. Environment Canada said southwestern, central and eastern…
Beazley expanding presence in Canada with acquisition of Creechurch Underwriters
February 6, 2017 by Canadian UnderwriterLondon-based Beazley announced Monday it is expanding its presence in Canada with the acquisition of specialist managing general agent (MGA) Creechurch Underwriters, and has plans to enhance existing covers and launch new products. Creechurch Underwriter’s current team, led by its…
Terrorism insurance gaps demand rethinking focus on property: C4 2017 speaker
February 2, 2017 by Angela StelmakowichTerrorism insurance programs need a reset to ensure clients are appropriately covered in light of the continuing shift from attacks on property to attacks on people designed to produce mass casualties, Scott Bolton, the U.K.-based director of business development and…
Quebec electric vehicle law sparks concern within automotive industry
January 24, 2017 Ross Marowits - THE CANADIAN PRESSMONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model…
Munich Re, Insurance Europe welcome U.S.-EU covered agreement
January 20, 2017 by Canadian UnderwriterMunich Re and Insurance Europe are welcoming the successful conclusion of “covered agreement” negotiations between the United States and the European Union. Munich Re said in a press release on Thursday that “finalizing the agreement is an important step to…
Wildfires scorch tourist area in Tennessee; thousands flee
November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESSPIGEON FORGE, Tenn. – Wildfires fueled by high winds roared through parts of the Great Smoky Mountains, burning the doorstep of the Dollywood theme park, destroying a resort and chasing thousands of people from their homes. National Guard troops arrived…
Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report
August 22, 2016 by Canadian UnderwriterSurviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random…
Car dealers putting up tents to protect lots in Alberta’s ‘Hailstorm Alley’
July 18, 2016 Bill Graveland -THE CANADIAN PRESSCALGARY – “Hailstorm Alley” can be a very unforgiving place. The area – which runs from High River, just south of Calgary and north to central Alberta – hosts more than 40 hail storms every summer causing hundreds of millions…
Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, new study says
May 20, 2016 by Canadian UnderwriterEarthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, and they have been widespread throughout the state ever since, according to a new historical review published online. A Historical Review of Induced Earthquakes…
Risk professionals must look forward to what can be done with 3D printing to get fix on related risks, RIMS attendees hear
April 11, 2016 Angela Stelmakowich, EditorSAN DIEGO – Those in insurance and risk management will need to readjust thinking from what has gone before to what could happen in future to get a firm grasp on the potential risk picture for 3D printing moving forward,…
Link between oil price reduction, increase in major incidents: Marsh
March 24, 2016 by Canadian UnderwriterEnergy firms are facing challenges, including falling revenues, but are encouraged to maintain their investment in risk management to reduce the potential for future major incidents and insurance claims, suggests a new research report from global insurance broker and risk…
Classic, custom car owners in Quebec to soon have access to plan available through Aviva Canada’s network of brokers
February 2, 2016 by Canadian UnderwriterAviva Canada has announced the expansion of its classic and custom vehicles program in Quebec through The Silver Wheel Plan, available via the insurer’s network of brokers in partnership with Leclerc Insurance and Financial Services. “The enhanced product offering and…