Claims

Hail Claims Exceed 5-Year Average

Saskatchewan’s hail claims have surpassed the other Prairie provinces and are about 10 per cent higher than the province’s five-year average, according to the Canadian Crop Hail Association’s hail report, Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity, Wilkie, Cudworth, Wakaw, Melville, Canora, Kuroki, Kamsack and Yorkton filed claims as a […]

September 30, 2007

1 min read

Claims

Climate change poses threat of liability claims

Scientific evidence of the causes of global warming may reach a point of sophistication that supports allegations of liability for individuals, entities, industries and nations responsible for emissions of Green House Gases (GHG), Aon warns.In its report, Will Insurers be Burned by the Climate Change Phenomenon? Peter C. Breitstone, CEO of Aon Environmental Services Group, […]

By Canadian Underwriter | September 28, 2007

2 min read

Claims

Canadian cottage owners unprepared for severe weather

Research commissioned by Royal & SunAlliance (R&SA) found that one-third of 1,500 Canadian cottagers surveyed are unequipped for harsh weather conditions and only one-quarter of respondents keep their doors locked at all times when vacationing at their cottage.Specific to severe weather, the survey found that of the third of cottagers who are unprepared for severe […]

By Canadian Underwriter | September 28, 2007

1 min read

Claims

Pandemic overdue, warns Marsh

The catastrophic impacts of a long-lasting pandemic are not only likely to happen, but overdue, and will likely exceed what most corporate and governmental leaders have imagined, or are prepared for, says a report from Marsh and The Albright Group.The scientific consensus is that an avian flu pandemic could sicken 20% of the worlds population, […]

By Canadian Underwriter | September 27, 2007

1 min read

Ontario Appeal Court rules on overlapping coverage of judo club “members”

The Ontario Court of Appeal has ordered CGU Insurance Company of Canada to contribute an equitable share of Cdn$1 million to Cdn$2.75-million settlement following a 1996 judo accident at the University of Windsor Judo Club.CGU insured the association Judo Ontario and its members including the University of Windsor Judo Club at the time when Chester […]

2 min read

What’s New: In Brief (September 24, 2007)

Ten new drivers in Saskatchewan have received Cdn$1,000 after completing the Graduated Drivers Licensing program without any traffic convictions, suspensions or at-fault collisions.SGI is pleased to reward safe driving habits among our provinces new drivers, Phyllis Glowatsky, SGIs Manager of Driver Programs, said in a release. With this added incentive, it is our hope that […]

1 min read

Al-Quaeda posing greater threat: Lloyd’s

Lloyds is warning that a growing network of cells spread throughout the world means the al-Qaeda brand is as strong as ever and capable of matching the devastation witnessed on 9/11.Referring to the International Institute for Strategic Studies (IIHS)s 2007 Strategic Survey, the Lloyds report noted that a number of regional jihadist groups, most in […]

1 min read

What’s New: In Brief (September 24, 2007)

According to the Canadian Crop Hail Associations hail report, Saskatchewans hail claims have surpassed the other Prairie provinces and are about 10% higher than the provinces 5-year average. Farmers from the communities of Reward, North Battleford, Meota, Cut Knife, Unity, Wilkie, Cudworth, Wakaw, Melville, Canora, Kuroki, Kamsack and Yorkton filed claims as a result of […]

1 min read

Bardswick calls for proactive approach to reforms

During the current volatile economic environment the insurance industry needs to be more proactive with property reforms in particular water exposure to avoid political intervention like that seen with recent auto reforms, Kathy Bardswick, president and CEO of Co-Operators Group Ltd., told a crowd of delegates at the first A.M. Best Canadian Review & Preview […]

2 min read

RIMS strongly supports TRIREA

The Terrorism Risk Insurance Revision and Extension Act (TRIREA) H.R. 2761 was passed on Wednesday afternoon by the U.S. House of Representatives with a vote of 312 to 110 and is strongly supported by the Risk and Insurance Management Society (RIMS), according to a release. RIMS is pleased that the bill, as passed by the […]

1 min read