Claims
In response to recent bombings in London, security officials warn that Canada’s transit system may also be a target for similar attacks.Public Safety Minister Anne McLellan reports that security has been tightened for all transportation systems across Canada, specifically in Toronto and Montreal. Systems affected include Via Rail, CN and CP, local subways and mass […]
By Canadian Underwriter | July 7, 2005
1 min read
Montreal highways were recently flooded by a heavy flash flood. According to Const. Chantal Mackels, with the Quebec provincial police, no one was injured. However, she adds some drivers were caught in flood waters and had to be rescued by firefighters and police. Areas on the Metropolitan and Decarie expressways as well as Autoroute 13 […]
Cambridge a global outsourcing firm specializing in claims and loss management and the McLarens Grouop a Canadian-based claims management firm recently formed an alliance to expand their North American presence so that firms doing business in both Canada and the U.S. will now be able to reduce potential claims losses through a single entity.The alliance […]
2 min read
Crash data recorders on trains are being improved to capture additional information and better safeguard locomotive event data for use in accident investigations under a recently issued Federal Railroad Administration (FRA) ruling.Under the ruling event recorders will be hardened to prevent the loss of data from exposure to fire, impact shock, fluid immersion and other […]
By Canadian Underwriter | July 6, 2005
A mechanical fault in a 7,000-tonne BC-based ferry, recently caused the vessel to loose power and subsequently crush approximately 22 boats in the Horseshoe Bay ferry terminal in West Vancouver, according to Transportation Safety Board investigators. BC Ferries are now initiating meetings with the owners of the damaged boats regarding their demands for fair compensation.Some […]
By Canadian Underwriter | July 5, 2005
Tropical storm Cindy the third named storm of the Atlantic hurricane season recently formed and is set to hit the coast of Louisiana coast. The National Hurricane Center in Miami expects Cindy may strengthen before hitting Louisiana, well exceeding it’s early readings of 72 kph (42 mph). Cindy, however, may not make hurricane status.In addition, […]
The Ontario Court of Appeal's dramatic ruling in total loss salvage cases is no loss for the insurance industry. After a two round knock-out match the insurers were made champions, a win bolstered by support from their new found judiciary 'fans,' who offered unexpected support against policyholder 'opponents.'
By Chris Dunn Partner, Dutton Brock, LLP | June 30, 2005
4 min read
Shumka Craig & Moore Adjusters Canada Ltd. (“SCM”) has acquired Custard Insurance Adjusters Canada Inc. (“CIA”), providing the independent, Edmonton-based firm with over 60 branches nationwide. CIA adds 11 Ontario branches to SCM’s roster, helping to solidify its standing as one of Canada’s top three independent insurance adjusting firms. “Not only will our Ontario operation […]
June 30, 2005
The U.S. Treasury Department recently released a report on the state of terrorism suggesting the Terrorism Risk Insurance Act (TRIA) should not be extended in its present form.Treasury secretary John Snow says, in a letter concurrent with the reports recent release, that TRIA may hinder the further development of the insurance market by crowding out […]
By Canadian Underwriter | June 30, 2005
European insurer Allianz AG is set to increase future insurance premiums in direct response to the risk posed by global warming, which increases claims resulting from increased flood frequency and heat waves. In order to reduce greenhouse gas emissions caused by the burning of coal and natural gas, Allianz states in the next five years […]
By Canadian Underwriter | June 29, 2005
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