Topic
Catastrophes
Swollen river feeds flooding near Houston as residents flee
May 31, 2016 John L. Mone - THE ASSOCIATED PRESSRICHMOND, Texas – Residents of some rural southeastern Texas counties were bracing for more flooding Tuesday along a river that had reached a record-high crest just two years after it had run dry in places because of drought. The National…
ICLR to host June workshop on extreme atmospheric peril events
May 31, 2016 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on extreme atmospheric peril events on Friday, June 17 in Toronto. The ICLR said that its next Friday Forum, titled What Would Happen if Extreme Atmospheric Peril Events…
National model building code should account for anticipated climate change: Auditor General report
May 31, 2016 by Canadian UnderwriterCanada’s federal environment and climate change department “should work with partners” to figure out how to produce data used to measure intensity, duration and frequency of storms, and the National Research Council should “incorporate climate change trends” when developing structural…
Too many unknowns to recommend fracking in western Newfoundland: review panel
May 31, 2016 Sue Bailey - THE CANADIAN PRESSST. JOHN’S, N.L. – There are too many unknown risks and data gaps to green-light fracking, says a government-appointed panel that studied hydraulic fracturing in western Newfoundland. In a report released Tuesday, it recommends that the province continue its freeze…
B.C. invests $1 million in development of Lower Mainland flood action plan
May 31, 2016 by Canadian UnderwriterTo better understand and mitigate the impacts of flooding along the Fraser River and southern coast of British Columbia, the province announced on Monday that it is working collaboratively with all partners in the strategy and the Fraser Basin Council…
Alberta gov’t, Regional Municipality of Wood Buffalo supporting small- and medium-sized businesses with re-entry to Fort McMurray
May 30, 2016 by Canadian UnderwriterThe Government of Alberta, in partnership with the Regional Municipality of Wood Buffalo (RMWB), is moving forward on initial steps to support small- and medium-sized businesses in their re-entry with a small business support centre. Government has also confirmed its…
Aon Benfield’s Tropical Storm Risk forecasts 17 named storms between June and November
May 30, 2016 by Canadian UnderwriterTropical Storm Risk (TSR), which is part of Aon Benfield Research’s academic and industry collaboration, is forecasting 17 named storms, nine hurricanes and four major (Category 3+) hurricanes between the months of June and November. TSR issued its May forecast…
Floods in Texas, Kansas leave at least 6 dead, 2 missing
May 30, 2016 Michael Graczyk - THE ASSOCIATED PRESSHOUSTON – Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin is one…
Passage of U.S. flood insurance bill would boost development of private market: A.M. Best
May 27, 2016 by Canadian UnderwriterInsurance rating firm A.M. Best Company said on Thursday that it believes that pending legislation that would encourage more private insurers to write flood insurance in the United States would be a positive development for the current flood insurance marketplace…
Ban on fracking in New Brunswick will continue indefinitely: minister
May 27, 2016 The Canadian PressFREDERICTON – New Brunswick’s energy minister says his government’s moratorium on hydraulic fracturing will continue indefinitely. Donald Arseneault was responding to a report from the commission on hydraulic fracturing which was released in February. He says his government made it…
Canadian insurance industry looking to partner with government to establish new capital framework for managing earthquake risk: CIFF speakers
May 27, 2016 Jason Contant, Online EditorThere is a need to formalize the role that government can play in helping to manage the financial impact of a “mega cat,” speakers suggested on Wednesday at the Canadian Insurance Financial Forum (CIFF) in Toronto. “We are well-capitalized for…
Kansas residents clean up but more storms forecast
May 26, 2016 The Associated PressCHAPMAN, Kan. – Kansans cleaned up from a series of tornadoes Thursday, including a monster storm that rumbled across the landscape for 90 minutes, while forecasters warned that the state would likely see more bad weather later in the day.…