Claims
An Environmental Protection Commission was recently formed to perform reviews and make recommendations regarding Alberta’s ability to respond to environmental incidents, according to Alberta Environment Minister Guy Boutilier.Although the suggestion of the Commission was just recently evoked, Boutilier says it will be operational immediately by reviewing best practices for responding to environmental incidents and recommending […]
By Canadian Underwriter | August 15, 2005
2 min read
Total revenue for Pethealth Inc. (TSX VENTURE:PTZ) for the second quarter of 2005 rose 22% to reach $3.5 million from $2.9 million for the same period last year.The Company’s net loss for the Q2 decreased slightly to $107,109 from $109,171 for the comparable quarter ended June 30, 2004.Pethealth’s insurance operations saw a gross written premium […]
By Canadian Underwriter | August 11, 2005
1 min read
A new policy bestows airport personnel with the power to turn suspicious travelers away and ban from all them from all Canadian flights without explanation, according to Transportation Minister Jean Lapierre.An anti-terrorism plan will also be initiated according to Lapierre and he elaborates that this plan will develop a secret no-fly list that will be […]
By Canadian Underwriter | August 10, 2005
A recent wild fire ravaging an Okanagan sagebrush field just a few 100 metres away from Oliver city, B.C., has forced many residents to flea their homes. The fire quickly grew to 500 hectares before air tankers began to fight the flames.Most recently, the fire covered approximately 60 hectares.The fire is now moving up a […]
A Government of Alberta investigation at the site of the recent CN train derailment near Wabamun has uncovered evidence that a hazardous chemical might have leaked into Lake Wabamun. As a precaution, area residents are being told to avoid using water from the lake or wells surrounding the lake until further notice. “Our investigation has […]
By Canadian Underwriter | August 9, 2005
A Canadian National tank car that recently derailed causing toxic chemicals to spill into the Cheakamus River.The possible cause of the derailment may be a faulty section of track, according to Canadian National officials. The damaged track was removed for analysis by CN so that information could be retrieved internally prior to being sent to […]
By Canadian Underwriter | August 8, 2005
Canada’s Transportation Safety Board investigators examining the recent Air France Flight 358 crash at Toronto’s Pearson International Airport are not able to analyze the black box flight recorders because the appropriate tools to decode it are not available. Instead, the Board is sending both the flight data and cockpit voice recorder to France for inspection.Lead […]
By Canadian Underwriter | August 5, 2005
The number of hurricanes and tropical storms anticipated to form in this year’s Atlantic hurricane season has been increased, according to The National Oceanic and Atmospheric Administration (NOAA).The administration recently released its updated outlook, which references an expected 18 to 21 tropical stormsnine to 11 of which will become hurricanesthat will form during the current […]
By Canadian Underwriter | August 2, 2005
Once again, the 2005 storm season is showing signs of unremitting squally skies - a daunting reality considering the insurance industry just recently dealt with catastrophes (CATs) including, BC forest fires, flooding in Edmonton and Peterborough and Hurricane Juan, to name but a few. While insurers have been doing a very good job of planning ahead for such catastrophes often, their plans do not include their service providers who are meant to mobilize in response to a CAT. This oversight may result in greater costs incurred.
By Kyle Urech of Disaster Kleenup Canada | July 31, 2005
6 min read
XL Capital Ltd (NYSE: XL – News) recently reported net income available to ordinary shareholders for the quarter ended June 30, 2005 of $135.9 million, or $0.97 per ordinary share, compared with $363.6 million, or $2.62 per ordinary share, for the quarter ended June 30, 2004. Annualized net income return on ordinary shareholders’ equity for […]
By Canadian Underwriter | July 28, 2005
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