Canadian Underwriter

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precipitation

News Risk

Will heavy precipitation in the U.S. lead to flooding in Manitoba?

February 5, 2020 The Canadian Press

WINNIPEG – Heavy precipitation in the United States is adding to concerns about potential flooding this spring in Manitoba. A report from the Manitoba government says precipitation amounts in the U.S. portions of the Red and Souris rivers since November

News ClaimsInsurance

Remember that messy Halloween storm? This is how much it cost insurers

December 10, 2019 by Jason Contant

Heavy precipitation that fell across central and eastern Canada as kids were out trick-or-treating was part of a storm system that caused over $250 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ). Quebec was the hardest-hit

News CatastrophesClimate ChangeInsurance

2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report

August 11, 2017 by Canadian Underwriter

Last year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate

News AssociationsCatastrophesClimate ChangeMergers and AqcuisitionsReinsurance

Intact Financial Corporation announces $105 million Cat loss for 2017 Q2

July 6, 2017 by Canadian Underwriter

Intact Financial Corporation’s (IFC) estimated catastrophe losses, net of reinsurance, for 2017 Q2 is about $105 million on a pre-tax basis, reports Canada’s largest provider of property and casualty. On an after-tax basis, the estimated loss amounts to $77 million

News CatastrophesInsuranceMergers and Aqcuisitions

Rising ice, flood waters force Manitobans from homes: Canadian Red Cross

April 17, 2017 The Canadian Press

THE PAS, Man. – Rising ice and flood waters have forced hundreds of people from their homes in Manitoba. Jason Small of the Canadian Red Cross says 107 people from the Opaskwayak Cree Nation are being temporarily housed in hotels

News CatastrophesInsuranceMarkets / Coverages

Flood risk remains moderate to major in western Manitoba, eases in Red River Valley: provincial government

March 27, 2017 by Canadian Underwriter

While the risk of overland flooding in Manitoba has been slightly reduced since the provincial government’s outlook in late February, it still remains moderate to major across the province, the provincial infrastructure minister said on Friday. “‎The province’s Hydrologic Forecast

News CatastrophesInsuranceMarkets / Coverages

Red River Basin Commission warns of flood season this year in Manitoba

January 24, 2017 The Canadian Press

WINNIPEG – The Red River Basin Commission is warning Manitobans living along the Red River to prepare for a flood season. Manitoba RRBC director Steve Strang says while there is a good possibility of flooding, it is hard to predict

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

15 U.S. weather and climate disasters in 2016 caused US$46 billion in damages: NOAA

January 9, 2017 by Canadian Underwriter

The United States experienced 15 “weather and climate disasters” last year – each with losses exceeding US$1 billion – for a total of US$46 billion, the National Oceanic and Atmospheric Administration (NOAA) reported on Monday. The disasters, which included eight

News CatastrophesInsuranceMergers and Aqcuisitions

Chance of “moderate to major flooding” in some locations in Manitoba, report says

December 13, 2016 by Canadian Underwriter

There is a chance of “moderate to major flooding” in some locations in Manitoba, according to the 2016 Fall Conditions Report from Manitoba Infrastructure. The report, released on Tuesday, indicates high levels of soil moisture at freeze-up in the western

News CatastrophesClimate ChangeInsurance

Nova Scotia dry spell just a ‘dress rehearsal:’ Environment Canada

September 15, 2016 The Canadian Press

HALIFAX – An Environment Canada climatologist is warning that a dry spell in Nova Scotia that has left some people without water is just a “dress rehearsal” for the kind of weather conditions Canada can expect in the years to

News CatastrophesInsuranceMergers and Aqcuisitions

N.B. public safety department issues warning about ice jams, associated flooding

March 28, 2016 by Canadian Underwriter

New Brunswick’s Department of Public Safety is warning about the potential for ice jams and associated flooding along the St. John River and other river systems in the province. The Department of Public Safety said in a bulletin on Monday