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Catastrophes


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Federal proposals for residential flood insurance, disaster mitigation get kudos from Insurance Bureau

February 12, 2014 by Canadian Underwriter

The federal government’s announcement Tuesday that it plans to consult with the industry for a “national approach to residential flood insurance” and to start funding projects such as flood control infrastructure in 2015, has been well received by the Insurance

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Powerful earthquake rocks remote western China; no casualties reported

February 12, 2014 THE ASSOCIATED PRESS

BEIJING – A powerful earthquake struck a sparsely populated area of China’s far western region of Xinjiang on Wednesday, damaging some houses, though no casualties were reported. The U.S. Geological Survey said the magnitude-6.9 quake was centred 268 kilometres (167

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Ottawa lifts ceiling on funds for Lac Megantic decontamination and rebuilding

February 12, 2014 THE CANADIAN PRESS

QUEBEC – Ottawa has agreed to lift the ceiling on the amount of money it will allocate to the decontamination and rebuilding of Lac-Megantic, the Quebec government announced Tuesday. The agreement provides for Ottawa to assume 50 per cent of

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Wildfires raging across southeast Australia destroy 20 homes, injure firefighter

February 10, 2014 THE ASSOCIATED PRESS

MELBOURNE, Australia – Scores of wildfires raging across southeast Australia in dry and windy summer conditions have destroyed 20 homes and injured a firefighter, authorities said Monday. Victoria state Country Fire Authority chief officer Euan Ferguson said 20 homes had

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NDP calls on Tory government to ban all urban drilling in Alberta

February 7, 2014 THE CANADIAN PRESS

LETHBRIDGE, Alta. – The Alberta New Democrats are calling on the provincial government to ban all drilling in urban areas. NDP Leader Brian Mason spoke with Lethbridge media Thursday just two kilometres from where GoldenKey Oil wants to drill three

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U.S. winter weather causes $1.5 billion in insured losses in January

February 6, 2014 by Canadian Underwriter

Severe winter weather in the United States in January caused insured losses in excess of $1.5 billion, according to the latest global recap report from Aon Benfield’s catastrophe model development arm, Impact Forecasting. The most severe and costliest weather occurred

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Storms, floods, disasters demonstrate importance of home emergency plans

February 5, 2014 Helen Branswell, THE CANADIAN PRESS

TORONTO – Last summer, surging flood waters forced the evacuation of a section of Calgary that is home to 80,000 people. Over Christmas, an estimated three million people were affected by power outages caused by an ice storm that hit

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New earthquake hits Greek island of Kefalonia; 16 people slightly hurt, roads, port damaged

February 3, 2014 Elena Becatoros, THE ASSOCIATED PRESS

ATHENS – A strong earthquake with a preliminary magnitude between 5.7 and 6.1 hit the western Greek island of Kefalonia before dawn Monday, sending frightened residents into the streets just over a week after a similar quake damaged hundreds of

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Terror threats around Sochi Games raise questions on insurance coverage

February 3, 2014 Bruce Cheadle, THE CANADIAN PRESS

OTTAWA – Canada’s highly paid Olympic men’s hockey professionals are insured against acts of terrorism when they compete in the Sochi Games but it is not at all clear the same coverage extends to their amateur brethren on the Olympic

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Police lay charges against engineer in Elliot Lake mall roof collapse

January 31, 2014 THE CANADIAN PRESS

ELLIOT LAKE, Ont. – A discredited engineer who declared a northern Ontario mall structurally sound just weeks before its roof caved in killing two women was charged Friday in what police described as a “challenging investigation.” Ontario Provincial Police said

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Hundreds file lawsuit against makers of Fukushima nuclear plant, saying they should be liable

January 30, 2014 THE ASSOCIATED PRESS

TOKYO – About 1,400 people have filed a joint lawsuit against three companies that manufactured Japan’s Fukushima Dai-ichi nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns. Lawyers for the plaintiffs say the lawsuit,

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Government set to raise civilian liability to $1 billion for nuclear operators

January 30, 2014 Bruce Cheadle, THE CANADIAN PRESS

OTTAWA – The Conservative government is poised to introduce legislation that will raise the liability for civilian damages for nuclear operators to $1 billion from the current $75 million. The Canadian Press has learned that will be included in an