Claims
Environment Canada reports the rains that flooded Montreal and overwhelmed the city’s sewer system on May 29 had a return period of 1 in 100 years. Close to 47 mm of rain in total fell during a storm that caused widespread flooding of home basements, highways, businesses, streets and subway stations. Of that amount, 44.5 […]
May 31, 2012
2 min read
The Ontario Superior Court has derailed a plaintiff’s bid to obtain under new provincial rules for summary judgment a declaration that she suffered a “catastrophic impairment.” Nancy Stewart was severely injured in a motor vehicle accident on Nov. 4, 2005. The plaintiff was insured by State Farm and applied for no-fault benefits under the Statutory […]
Environment Canada reports the rains that flooded Montreal and overwhelmed the city’s sewer system on May 29 had a return period of 1 in 100 years. Environment Canada spokesman André Cantin said 47 mm of rain in total fell during a storm that caused widespread flooding of home basements, highways, businesses, streets and subway stations. […]
By Canadian Underwriter | May 30, 2012
Thunder Bay has declared a state of emergency after a rainstorm on May 26-27 unleashed 91 mm on the city in 18 hours, flooding the city’s sewage treatment facility. Seventy-one millimetres fell in the city over a little less than six hours, noted André Cantin, a spokesman for Environment Canada. A Thunder Bay flood update […]
1 min read
Risk modeling firm EQECAT has increased its estimate of damages from Italy’s May 20 Magnitude 6.0 earthquake to between $375 million and $875 million because of recent aftershocks that hit the Emilia-Romagna region May 29. The two aftershocks, which affected an area similar to the main earthquake, occurred about 30 km northwest of the city […]
Canada will be on the front lines of temperature changes associated with global warming, with much warmer winters and warmer summers, according to a new research report commissioned by the Insurance Bureau of Canada (IBC). Key findings of the report, authored by climate scientist Dr. Gordon McBean, will be released June 4. It examines future […]
insPRESS
On May 29, a massive downpour caused heavy flooding in many parts of the city of Montreal and its South Shore suburbs. Environment Canada has reported that up to 80 millimetres of rain fell in some areas, resulting in power failures, damaged private property, and forcing many public buildings and institutions to evacuate. Crawford & […]
By Crawford & Company (Canada) Inc. | May 30, 2012
Providing a yearly comprehensive review of insurance company 2011 results in a format that is easy to use. It outlines and details insurance companies’ 2011 financial performance, market breakdown, and individual company results using summary tables and indexes. Canadian Underwriter magazine’s 2012 STATISTICAL ISSUE – Digital Edition is now online. Canadian Underwriter magazine print edition […]
By Canadian Underwriter magazine | May 30, 2012
Industry
Summer is barbeque season, but research by More Th>n insurance in the United Kingdom shows that basic precautions may fall by the wayside during these sometimes-boozy affairs. One in four barbequing Brits have set charcoal ablaze while under the influence, notes the research by the company’s home insurance team. These drunken encounters came at a […]
By Canadian Underwriter | May 29, 2012
A poll of 76 insurer senior executives by Munich Reinsurance America Inc. shows that keeping and increasing business is the number one issue facing property and casualty insurance companies. Almost half of the respondents (47%) to Munich Re’s CEO Roundtable Survey indicated that maintaining and growing business was their top concern, followed closely by underwriting […]
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