Topic
Catastrophes
Wildfires rage across Western US, but homes mostly spared
June 22, 2016 John Antczak - THE ASSOCIATED PRESSLOS ANGELES – For days, wildfires have raged amid spiking heat across Southern California and much of the West, driving hundreds of people from their homes. Yet homes have overwhelmingly remained safe so far, after aggressive and strategic firefighting and…
Construction crews continue work on repairing flood-damaged roads in northern B.C.
June 21, 2016 by Canadian UnderwriterConstruction crews and heavy equipment operators continue to work day and night to rebuild sections of highways and roads that were severely damaged by massive flooding in northern British Columbia last week. B.C. Minister of Transportation and Infrastructure Todd Stone…
Alberta community still busy rebuilding since flooding hit three years ago
June 20, 2016 The Canadian PressHIGH RIVER, Alta. – It’s been a busy three years for one of the southern Alberta communities hardest hit by extensive flooding three years ago. The mayor of High River south of Calgary says the town has come back stronger…
Flooding in B.C.’s Peace Region closes provincial highway
June 17, 2016 by Canadian UnderwriterFlooding in British Columbia’s Peace Region is affecting provincial highways, resulting in the closure of Highway 97 between McKenzie Junction and Chetwynd and at Rolla Road between Highway 49 and Highway 2. An information bulletin issued Thursday afternoon by B.C.’s…
Government of Alberta to review Fort McMurray wildfire response
June 16, 2016 by Canadian UnderwriterAlberta’s Ministry of Agriculture and Forestry has reported that it is reviewing its response to the Fort McMurray wildfire, which is being held, but estimated to cover nearly 590,000 hectares as of Wednesday afternoon. The review will look at the…
Excess & surplus property insurers ‘may be first’ to enter U.S. flood market if proposed reforms passed into law: S&P
June 16, 2016 by Canadian UnderwriterWith the United States National Flood Insurance Program scheduled to expire in September, 2017 and the House of Representatives unanimously approving a bill intended to give consumers more choice in buying flood insurance, the market for flood coverage “may end…
B.C. municipality declares state of local emergency following “very heavy rainfall event”
June 16, 2016 by Canadian UnderwriterThe mayor of the District of Chetwynd in northeastern British Columbia declared a state of local emergency on Wednesday following a “very heavy rainfall event.” A media release from the municipality said that according to Environment Canada, 79 millimetres of…
Wildfire loss to oilsands at least 30 million barrels worth $1.4 billion
June 15, 2016 Dan Healing - THE CANADIAN PRESSCALGARY – Analysts say lost oilsands production from the Fort McMurray wildfires could top 30 million barrels and cost the industry upwards of $1.4 billion. Some of the largest oilsands producers in the province were forced to shut down or…
Pembridge Insurance announces enhanced Water Damage Extension endorsement to cover overland flooding
June 15, 2016 by Canadian UnderwriterMarkham, Ont.-based Pembridge Insurance Company has announced the launch of their enhanced Water Damage Extension endorsement, which includes protection for sewer back-up and is now extended to include overland water, or fresh water flooding and damage caused by surface or…
200-year loss scenario from flood in Canada could produce insured losses of $5.7 billion: Swiss Re
June 15, 2016 by Canadian UnderwriterFlood is clearly the number one peril in Canada, with Swiss Re estimating that a “perfect storm” flood scenario would result in economic losses of $13.8 billion and insured losses of $5.7 billion. Developed using the company’s new probabilistic flood…
B.C. provides $1.6 million for flood-protecting dikes
June 14, 2016 by Canadian UnderwriterThe province of British Columbia announced on Monday its latest funding toward a flood mitigation project – $1.6 million for flood-protecting dikes in the City of North Vancouver and the District of North Vancouver that will help protect a business…
Federal investment will help Manitoba farmers predict the effects of flood and drought on farmland
June 13, 2016 by Canadian UnderwriterAgriculture and Agri-Food Canada (AAFC) has announced an investment of more than $1.1 million to develop a hydrology model of Manitoba’s Assiniboine River Basin that will help predict the effects of flooding, excess moisture and extreme drought on agriculture lands.…