Claims

RSA creates new product for sellers of renewable energy

RSA has launched a new product designed to protect homeowners and small businesses that sell renewable energy to the Ontario government in the event of lost income. The product covers the actual equipment against all risks of direct physical damage and loss of income up to $5,000 directly resulting from the interruption of power generation […]

By Canadian Underwriter | August 9, 2010

1 min read

AMF investigates ex-insurance broker’s role in $1.4-million Ponzi scheme

Quebec’s securities regulator, the Autorité des marchés financiers (AMF), has blocked the accounts and companies of a former insurance broker as part of its investigation into an alleged $1.4-million Ponzi scheme.Acting on the authority of an administrative tribunal, the Bureau de décision et de révision (BDR), the AMF has suspended bank accounts and three companies […]

By Canadian Underwriter | August 6, 2010

1 min read

The NOAA lowers upper limits of its hurricane forecast

The National Oceanic and Atmosphere Administration (NOAA) has lowered the upper bounds of its 2010 hurricane season forecast.The NOAA’s updated forecast includes: •14 to 20 named storms (the initial forecast called for 14 to 23);•8 to 12 hurricanes (the initial forecast called for 8 to 14); and•4 to 6 could be major hurricanes (the initial […]

By Canadian Underwriter | August 6, 2010

1 min read

Regulation (August 01, 2010)

MANITOBA CALLS FOR FRAUD ENDORSEMENT IN BROKERS’ E&O INSURANCE Manitoba licensed insurance agents are now required to have an endorsement that covers fraud and dishonest acts as part of their mandatory errors and omissions insurance. The amendment to the Insurance Agents & Adjusters Regulation was implemented on May 31, 2010, but allows for a one-year […]

July 31, 2010

1 min read