Topic
Catastrophes
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…
Residents of Amherst, N.S., and Sackville, N.B., stranded, displaced by floods
June 22, 2015 THE CANADIAN PRESSAMHERST, 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…
Homeowners’ claims from lightning strikes in the U.S. dropped in 2014, but severity up: Insurance Information Institute
June 22, 2015 by Canadian UnderwriterThe 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,…
New version of AIR Worldwide Cat modelling platform to help companies develop their own view of risk
June 22, 2015 by Canadian UnderwriterAIR Worldwide Monday issued a new version of its scalable catastrophe modelling software platform, Touchstone, which the provider of risk modelling software and consulting reports will give companies additional tools to test, compare and modify model output to develop their…
FEMA approves additional counties in Oklahoma for assistance following storms
June 19, 2015 by Canadian UnderwriterThe Federal Emergency Management Agency (FEMA) announced on Friday that additional counties in Oklahoma are now approved for individual and public assistance following severe storms, straight-line winds, tornadoes and flooding that begin in the state on May 5. Homeowners, renters…
B.C. has robust hydraulic fracturing regulations in place: EY report
June 19, 2015 by Canadian UnderwriterAn independent report by Ernst & Young found that British Columbia has a “robust” regulatory framework in place to oversee hydraulic fracturing, the province’s Ministry of Natural Gas Development said in a press release on Thursday. The report, Review of…
May catastrophe events to cost Allstate an estimated US$178 million
June 19, 2015 by Canadian UnderwriterFour severe weather events accounted for more than 77% of Allstate Corporation’s estimated catastrophe losses for the month of May, which the company has pegged US$178 million, pre-tax (US$116 million after-tax). In total, there were eight catastrophe losses occurring in…
High-rate injection wells much more likely than lower-rate wells to be associated with earthquakes, says journal article
June 18, 2015 by Canadian UnderwriterHigh-rate injection wells – those pumping out more than 300,000 barrels per month – are much more likely to be associated with earthquakes than low-rate wells, says a new study published this week in the journal Science. The study on…
Pope urges ‘bold cultural revolution’ to save planet, fix ‘perverse’ economy that harms poor
June 18, 2015 Nicole Winfield, Rachel Zoll and Seth Borenstein - THE ASSOCIATED PRESSVATICAN CITY – Pope Francis called Thursday for a bold cultural revolution to correct what he calls the “structurally perverse” economic system of the rich exploiting the poor that is turning Earth into an “immense pile of filth.” In a…
“Extreme” wildfire near Pemberton, B.C. has grown to about 650 hectares
June 17, 2015 by Canadian UnderwriterA wildfire burning about 67 kilometres west of Pemberton, British Columbia has now grown to about 650 hectares, according to the provincial Ministry of Environment. The Elaho wildfire “is exhibiting extreme fire behaviour due to dry conditions, a weather inversion…
Nuclear Insurance Association of Canada announces global access to domestic Canadian insurance pool
June 17, 2015 by Canadian UnderwriterColleen DeMerchant, general manager of the Nuclear Insurance Association of Canada (NIAC), announced on Wednesday global access to the domestic Canadian insurance pool by other international nuclear pools. Under a new co-operative agreement with Nuclear Risk Insurers (NRI), NIAC is…
Red Cross still helping Alberta victims nearly two years after massive flood
June 17, 2015 The Canadian Press (CPSTF)CALGARY – The Canadian Red Cross says it’s still busy helping those affected by the flood in southern Alberta nearly two years ago. It released a progress report Wednesday on the work done so far across the region. Provincial director…