Claims

Failure to describe corruption risk cost this firm $30 million

TORONTO – Katanga Mining Ltd. will pay $30 million to the Ontario Securities Commission for misleading statements, its failure to properly disclose risks around operating in the Democratic Republic of Congo and its reliance on a controversial billionaire businessman. A panel at the Ontario regulator approved the settlement Tuesday that will see Katanga, majority owned […]

By Greg Meckbach | December 18, 2018

3 min read

Which Canadian community has the lowest vehicle collision rate?

A community in northern Ontario ranks as the safest for drivers in Canada, with an average vehicle collision rate of 3.8%, according to data from the Allstate Insurance Company of Canada. The 10th Annual Allstate Canada Safe Driving Study found Hanmer had an average vehicle collision rate of 3.8% per 100 cars (percentage of vehicles […]

By Jason Contant | December 17, 2018

3 min read

Winds affecting Vancouver area could damage property

VANCOUVER – Powerful winds are set to sweep British Columbia on Friday with gusts of up to 100 kilometres an hour in some areas. Environment Canada has posted wind warnings for Metro Vancouver, Fraser Valley, Vancouver Island and parts of the Interior. The national weather agency says it expects strong winds that may cause damage […]

By Greg Meckbach | December 14, 2018

1 min read

How costly is the fire peril for Canadian insurers?

The traditional fire peril continues to cost Canadian insurers, with fire/explosion accounting for almost a quarter (23%) of commercial claims by value, Allianz Global Corporate & Specialty (AGCS) said in its new Global Claims Review report, released Thursday. AGCS analyzed more than 470,000 global insurance claims from over 200 countries and territories to determine the […]

By Jason Contant | December 13, 2018

2 min read