Keyword
buildings
Estimated insured damage for June storm in central Alberta upwards of $30 million
July 17, 2017 by Canadian UnderwriterA severe storm that swept through central Alberta in the third week of June is estimated to have caused more than $30 million in insured damage, reports Insurance Bureau of Canada (IBC), citing figures from Catastrophe Indices and Quantification Inc.…
Cladding may have helped spread London high rise fire, experts say
June 15, 2017 Gregory Katz - THE ASSOCIATED PRESSLONDON – The official cause may not be known for months. The death toll is unclear – and rising. No one has said exactly where the fire started. But experts suspect recent renovations at the Grenfell Tower, including newly installed…
FM Global launches worldwide flood map for commercial properties
April 4, 2017 by Canadian UnderwriterCommercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new…
Financial impact of Fort McMurray wildfire reaches $9.5 billion: study
January 17, 2017 Bob Weber - THE CANADIAN PRESSEDMONTON – An assessment of the total financial impact of last spring’s Fort McMurray wildfire is pegging the direct and indirect costs of the blaze at $9.5 billion. The figure includes the expense of replacing buildings and infrastructure as well…
Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC
September 6, 2016 by Canadian UnderwriterThe current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm…
Climate change forcing builders to rethink how they design structures: expert
June 27, 2016 Alexandra Posadzki - THE CANADIAN PRESSTORONTO – Severe weather events like wildfires and floods are becoming more frequent and more difficult to predict, forcing architects and engineers to rethink how they design buildings, infrastructure and cities. Brock Schroeder, managing director of engineering firm Entuitive, says…