Claims

The Second Annual Mix & Mingle Boat Cruise

Almost 100 passengers sailed aboard the Obsession III on Sept. 10 during the Second Annual Mix & Mingle Boat Cruise. The event, presented by Winmar Toronto/Brampton and No Problem Movers, was made possible thanks to the following partners: Gilbertson Davis Emerson LLP, Safetech Environmental Ltd., Carstar, A.S.A.P., Williams & Partners Safety Express, Madeira Hardwood Floors […]

September 30, 2010

1 min read

Claims

Toronto Insurance Women’s Association (TIWA) 7th Annual Summer Social

The Toronto Insurance Women’s Association (TIWA) celebrated summer in style with their 7th Annual Summer Social (formerly Pub Night) on July 8. Insurance industry guests enjoyed a summer evening at Fionn McCool’s in downtown Toronto. l •

September 30, 2010

1 min read

Claims

The 11th annual WICC Ontario Golf Tournament

A zealous group of 221 golfers attended the 11th annual WICC Ontario Golf Tournament on July 12 at Angus Glen Golf Club in Markham, Ont. Attendees enjoyed a day complete with a barbeque lunch, silent auction, raffle and excitement well beyond the ordinary, everyday tournament — with a hole-in-one scored by Elizabeth Kepes of Desjardins […]

September 30, 2010

1 min read

Claims

Proper notification of vacancy does not result in insurance coverage for vandalism of vacant property: Saskatchewan court

The Queen’s Bench for Saskatchewan has upheld an insurer’s policy that excludes coverage for vandalism on a “vacant” property, despite the policyholders’ claim the policy remained in force because he had told the insurer about the vacancy within the 30-day time period.Roy Cheecham, a resident of the Clearwater River Dene Nation, was attempting to rent […]

By Canadian Underwriter | September 29, 2010

2 min read

DisasterPhone coming to public market in Canada

Jardine Lloyd Thompson Canada, an insurance and risk management service provider, has entered into an agreement with Manic Marketing Inc. (MMI) to provide DisasterPhone to the Canadian public entity market. DisasterPhone is a customized, private labeled version of CatastroPhone, a telecommunication disaster recovery service. It allows members to restore incoming call handling and distribution to […]

1 min read

Alberta oil sands have environmental footprint, but greater risk in importing oil: RIMS panelist

The Alberta oil sands operations have an environmental footprint, but the alternative of getting oil from other countries carries greater environmental and political risks, David Percy, the chair in energy law practice at the University of Alberta’s Law School, told delegates of the 2010 RIMS Canada Conference in Edmonton.During his seminar, ‘Thinking About the Oil […]

2 min read

Global natural catastrophes cause $18 billion in insured damage in 2010

Munich Re recorded a total of 725 weather-related natural hazard events between January and September 2010, causing insured losses worth $18 billion.This is “the second-highest figure recorded for the first nine months of the year since 1980,” Munich Re observed in a press release.And it could have been worse, the reinsurer observed. “Despite producing 13 […]

1 min read

Umbrella policy to provide ‘drop down’ coverage when absent in the primary policy

Ontario’s Court of Appeal has ruled an ‘outside directorship liability’ (ODL) insurer had a duty to defend two lawyers and pay all related costs, despite the fact that the primary D&O policy also provided for a duty to pay for defence costs.Andre Legrand, a governance and directors’ liability expert at Ogilvy Renault, examined Goodman v. […]

1 min read

As severe weather-related events increase, primary insurers might look to aggregate reinsurance cover

The cumulative effect of damage caused by natural catastrophes such as wildfires, tornadoes, hail storms and ice storms – events that, individually, are not big enough to trigger reinsurance coverage – may cause primary insurers to reconsider how they purchase reinsurance.Speaker Glenn McGillivray made the observation while giving a speech at a Sept. 23 Insurance […]

2 min read

Hurricane Igor leaves Newfoundland a $100 million price tag for damages

Damage caused by Hurricane Igor will likely cost more than $100 million to repair, cbc.ca reports.It is too early to know insured damage estimates.Tom Hedderson, Newfoundland and Labrador’s acting minister responsible for emergency preparedness, toured damaged areas of the province with premier Danny Williams on Sept. 22, one day after the storm ripped through south […]

1 min read