Canadian Underwriter

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Catastrophes


News CatastrophesInsuranceMergers and Aqcuisitions

B.C. Wildfire Management Branch responding to 15 new wildfires

June 28, 2015 by Canadian Underwriter

British Columbia’s Wildfire Management Branch (WMB) said on Friday that it was responding to 15 new wildfires in the Prince George Fire Centre region, all of which started the previous day. These fires were sparked by lightning and are burning

News CatastrophesInsuranceMergers and Aqcuisitions

SGI Canada encourages homeowners to have sewer back-water valves installed

June 28, 2015 by Canadian Underwriter

SGI Canada has paid $140 million in sewer back-up claims over the last five years and is encouraging homeowners to use sewer back-water valves to guard against these costly and potentially devastating events. In the past five years, an average

News CatastrophesInsuranceMergers and Aqcuisitions

Ontario government aims to improve snow removal in wake of auditor’s report

June 26, 2015 Paola Loriggio - THE CANADIAN PRESS

TORONTO – Ontario’s Liberal government says new measures meant to improve snow removal on provincial highways and keep motorists informed of road conditions will be in place by the winter. The changes announced Friday come in response to a scathing

News CatastrophesInsuranceMergers and Aqcuisitions

Wildfire situation escalating in northern Saskatchewan

June 26, 2015 by Canadian Underwriter

Saskatchewan’s Ministry of Environment is recommending no non-essential travel to the La Ronge area due to “extreme wildfire hazards” in the northern part of the province. The ministry issued the recommendation on Thursday for the La Ronge area, which includes

News CatastrophesInsuranceMergers and Aqcuisitions

Records: Firefighters say California oil spill gushed like fire hose ‘without a nozzle’

June 26, 2015 Michael R. Blood and Brian Melley - THE ASSOCIATED PRESS

LOS ANGELES – Firefighters investigating a reported petroleum stench at a Central California beach last month didn’t take long to realize a spill had taken place – oil was spreading across the sand and into the surf. Tracing the source,

News CatastrophesInsuranceMergers and Aqcuisitions

B.C.’s Elaho wildfire caused by lightning, fire investigator determines

June 24, 2015 by Canadian Underwriter

After a thorough investigation by a specialized fire cause investigator, British Columbia’s Wildfire Management Branch (WMB) determined on Wednesday that the Elaho wildfire was caused by lightning, not people, as previously believed. The fire is burning about 67 kilometres west

News CatastrophesInsuranceMergers and Aqcuisitions

White House outlines long-term costs of inaction on climate change

June 23, 2015 Matthew Daly - THE ASSOCIATED PRESS

WASHINGTON – Failure to act on climate change could cause an estimated 57,000 deaths a year in the United States from poor air quality by 2100, the Obama administration argued in a report released Monday that warns of dire effects

News CatastrophesInsuranceMergers and Aqcuisitions

Guy Carpenter predicts below average 2015 Atlantic hurricane season

June 23, 2015 by Canadian Underwriter

Global risk and reinsurance specialist Guy Carpenter & Company, LLC, a wholly owned subsidiary of Marsh & McLennan Companies, on Tuesday released a briefing predicting a “below average” 2015 Atlantic hurricane season. According to the briefing, “hurricane activity for the

News CatastrophesInsuranceMergers and Aqcuisitions

Brokerage quotes and binds small business insurance online

June 23, 2015 by Canadian Underwriter

A Mississauga, Ontario-based brokerage, Bullfrog Insurance Ltd., announced Tuesday it will quote and bind coverage for some small businesses over the Internet. The brokerage stated its online quote and bind service targets contractors, retailers, healthcare and office professionals. Policies can

News CatastrophesInsuranceMergers and Aqcuisitions

Cunningham Lindsey Canada mobilizes international team to Australia to assist residents affected by catastrophes

June 23, 2015 by Canadian Underwriter

Cunningham Lindsey Canada, an independent claims adjusting service company, said on Tuesday that it has deployed five adjusters to Australia to join a team working on the thousands of claims that followed severe storms in early May. The adjusters will

News CatastrophesInsuranceMergers and Aqcuisitions

Residents of Amherst, N.S., and Sackville, N.B., stranded, displaced by floods

June 22, 2015 THE CANADIAN PRESS

AMHERST, N.S. – Flooding in two communities near the Nova Scotia and New Brunswick border left some residents stranded and others displaced from their homes on Monday. Amherst fire Chief Greg Jones said the department responded to a call at

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Homeowners’ claims from lightning strikes in the U.S. dropped in 2014, but severity up: Insurance Information Institute

June 22, 2015 by Canadian Underwriter

The number of insurance claims from lightning strikes in the United States continued its steady decline, as severe thunderstorm activity eased from near-record levels and dry weather prevailed throughout much of the western half of the country. Despite fewer storms,