Keyword
2013 southern Alberta floods
Absence of large losses contributes to 20.6-point drop in Q2 combined ratio for PartnerRe
August 1, 2017 by Canadian UnderwriterPartnerRe Ltd. reported a combined ratio of 87.7% during the three months ending June 30, a 20.6-point improvement over 108.3% during the same period in 2016, when Canada experienced its most expensive natural disaster ever and a loss from an…
High River finishes rebuilding but abandoned neighbourhood reminder of flood
June 19, 2017 Bill Graveland - THE CANADIAN PRESSHIGH RIVER, Alta. – Even as High River finishes rebuilding, an abandoned neighbourhood full of million-dollar homes is a stark reminder of devastating flooding four years ago. Floods in parts of southern Alberta in June 2013 caused billions of dollars…
Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns
May 2, 2017 Greg Meckbach, Associate EditorInsurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”…
Carbon price won’t be deciding factor for oilsands development: report
November 23, 2016 Ian Bickis - THE CANADIAN PRESSCALGARY – Alberta’s incoming carbon taxes will have a minimal effect on new oilsands development compared with oil prices and market access, says a new report. TD Bank economist Dina Ignjatovic said in the paper released Tuesday that if oil…
Infrastructure Canada to contribute more than $20.5 million to protect three Alberta communities from flood risks
October 13, 2016 by Canadian UnderwriterInfrastructure Canada announced on Thursday that it will contribute more than $20.5 million to help protect three Alberta communities from flood risks. The new federal funding for three disaster mitigation projects was announced in Canmore, Alta. for projects in Canmore,…
Canadian business leadership critical to reducing climate and other natural disaster risks, PwC Canada says
October 7, 2016 by Canadian UnderwriterCanadian business leadership is crucial to reducing the risks from climate and other natural disasters, PwC Canada said on Friday. That day, PwC convened a group of private and public sector leaders to discuss the case for Canadian businesses to…
PCS re-survey estimates $4.67 billion in insured damage from Fort McMurray wildfire
August 16, 2016 by Canadian UnderwriterInsured losses arising from the Fort McMurray, Alberta wildfire are estimated at $4.67 billion, Verisk Analytics Inc.’s Property Claims Services said in a bulletin this week. The wildfire in May was the most expensive natural catastrophe in Canadian history, when…
Business continuity training should happen first day on the job: World Conference on Disaster Management speaker
June 8, 2016 Greg Meckbach, Associate EditorEveryone needs to be trained in business continuity management, and the importance of managing expectations is one lesson learned during the major floods in 2013 in southern Alberta, speakers suggested Tuesday at the World Conference on Disaster Management. “Exercising is…