Tag: Canada insurance news

Boat insurance lawsuit filed regarding sunken ship

Julie Campbell
boat insurance ship

The owner of the vessel that sunk is now filing a number of suits in relation to the incident. The owner of the tall ship Larinda and of a commercial vessel that sunk, has now launched a wave of different legal actions with the Nova Scotia Supreme Court, in Canada, regarding its boat insurance coverage and other issues. The documents that were filed by the plaintiffs name issues of misrepresentation and of negligence. According to the filings, LeGrow’s Marine Ltd., Larinda Ltd., and the president and director of those two…

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Insurance news from the pipeline reveals massive $1 billion coverage needed

Julie Campbell
insurance news pipeline coverage

A Canadian federal review has revealed that the Northern Gateway project will require substantial protection. The new proposed endpoint for the Enbridge Northern Gateway Project is the Douglas Channel in, and the latest insurance news estimates show that the pipeline will require nearly $1 billion in coverage. A joint federal review has released its 199 draft conditions despite the fact that the pipeline has not yet been approved. The Gateway pipelines have not yet received their approval, but the project is already making insurance news headlines as a joint review…

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Insurance news from the ORNGE scandal in Canada deepens

Julie Campbell
insurance news from the provincial government in Ontario, Canada, ORNGE, a company that is already wracked with scandal in terms of its taxpayer money spend

It has now been revealed that the company spent taxpayer funds on a $10 million life policy for the CEO. According to the latest insurance news from the provincial government in Ontario, Canada, ORNGE, a company that is already wracked with scandal in terms of its taxpayer money spending, used public funds to purchase a $10 million life policy for Dr. Chris Mazza, the former CEO of the company. That coverage is estimated to have cost taxpayers $450,000 according to the Tory report. The insurance news deepened when it was…

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Insurance news from Western Canada may soon involve higher rates

Julie Campbell
Insurance news

Severe summer storms in the province of Alberta caused massive amounts of insured damage. The severe storms that were faced by the Canadian province of Alberta are once again making insurance news as the millions of dollars in damages may now be sending rates in an upward direction. In August, insurers in Canada had to pay out approximately $550 million for a hail storm that hit Calgary. In July and August, the province faced three separate severe storms, which each made insurance news with their multimillion dollar price tags for…

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Insurance news from Canada shows $100 million in claims from Sandy

Julie Campbell
Toronto Ontario Canada Auto Insurance News

After the superstorm pummeled through the United States, it smashed into Canadian provinces. According to the most recent insurance news estimates from Canada, after leaving the United States, superstorm Sandy led to insured property damage that will total approximately $100 million. These statistics were issued from the Insurance Bureau of Canada (IBC) based on claims received. The IBC has based this data on the claims that are being made in the Canadian provinces of Ontario and Quebec. The estimate is still considered to be preliminary, but it has now been…

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