Topic
Catastrophes
Latest PERILS AG loss estimate for windstorm Mike-Niklas 895 million euros
June 30, 2015 by Canadian UnderwriterPERILS AG reported Monday that its latest estimated property insurance market loss for the combined storm systems of Mike-Niklas in Europe this spring – the second of four estimates to be disclosed – is 895 million euros. Mike-Niklas caused significant…
AIR Worldwide updates hurricane model for U.S.
June 29, 2015 by Canadian UnderwriterAIR Worldwide Monday announced the availability of its updated hurricane model for the United States, new features of which are meant to help insurers and reinsurers better understand and quantify risk from hurricanes. As part of the comprehensive update, the…
B.C. Wildfire Management Branch responding to 15 new wildfires
June 28, 2015 by Canadian UnderwriterBritish 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…
SGI Canada encourages homeowners to have sewer back-water valves installed
June 28, 2015 by Canadian UnderwriterSGI 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…
Ontario government aims to improve snow removal in wake of auditor’s report
June 26, 2015 Paola Loriggio - THE CANADIAN PRESSTORONTO – 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…
Wildfire situation escalating in northern Saskatchewan
June 26, 2015 by Canadian UnderwriterSaskatchewan’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…
Records: Firefighters say California oil spill gushed like fire hose ‘without a nozzle’
June 26, 2015 Michael R. Blood and Brian Melley - THE ASSOCIATED PRESSLOS 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,…
B.C.’s Elaho wildfire caused by lightning, fire investigator determines
June 24, 2015 by Canadian UnderwriterAfter 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…
White House outlines long-term costs of inaction on climate change
June 23, 2015 Matthew Daly - THE ASSOCIATED PRESSWASHINGTON – 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…
Guy Carpenter predicts below average 2015 Atlantic hurricane season
June 23, 2015 by Canadian UnderwriterGlobal 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…
Brokerage quotes and binds small business insurance online
June 23, 2015 by Canadian UnderwriterA 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…
Cunningham Lindsey Canada mobilizes international team to Australia to assist residents affected by catastrophes
June 23, 2015 by Canadian UnderwriterCunningham 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…