Canadian Underwriter

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Catastrophes


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Western countries facing increased terrorism threat: Aon

May 27, 2015 by Canadian Underwriter

Canada is among nine developed economies tagged as being at increased terror threat, largely as a result of the risk presented by Islamic extremists, notes a new map released Tuesday by Aon Risk Solutions. Aon’s Terrorism and Political Violence Map

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North Vancouver First Nation says pipeline expansion could increase oil spills

May 26, 2015 Laura Kane - THE CANADIAN PRESS

VANCOUVER – The Tsleil-Waututh Nation in North Vancouver says it is denying approval to Kinder Morgan’s proposed Trans Mountain pipeline expansion, based on a scathing analysis of the project. The nation released a report Tuesday, saying the likelihood of oil

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Lightning sparks 11 new wildfires in Alberta

May 26, 2015 by Canadian Underwriter

Four wildfires continue to burn out of control in Alberta, one day after lightning sparked 11 new wildfires and the province issued a full fire ban on all forests. As of 10 a.m. Tuesday, 19 wildfires were burning out of

News CatastrophesInsuranceMergers and Aqcuisitions

Manitoba government offers flood assistance to home, farm and business owners

May 26, 2015 by Canadian Underwriter

Manitoba Infrastructure and Transportation announced on Friday that home, farm and business owners in areas affected by flooding in 2014 – or that would have flooded without temporary flood protection measures – may be eligible to receive assistance from the

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B.C. announces financial assistance for victims of flooding in Cache Creek area

May 26, 2015 by Canadian Underwriter

British Columbia’s Ministry of Justice announced on Tuesday that financial assistance is available for flooding victims in the province’s Thompson Nicola Regional District, after the mayor of Cache Creek declared a state of emergency and ordered dozens of residents to

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Recovery teams look for 12 missing after weekend flooding in Texas sweeps away vacation home

May 26, 2015 Seth Robbins and Paul J. Weber - THE ASSOCIATED PRESS

WIMBERLEY, Texas – Recovery teams are set to resume looking for the 12 members of two families who authorities say are missing after a rain-swollen river in Central Texas carried a vacation home off its foundation, slamming it into a

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Alberta applies full fire ban to provincial forests

May 25, 2015 by Canadian Underwriter

Effective noon Monday, Alberta has implemented a full fire ban for all forests in the province. The full fire ban prohibits all open fires, including campfires in campgrounds or backcountry and random camping areas, including charcoal briquettes, the Government of

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B.C. mayor declares emergency, orders evacuations following violent flooding

May 25, 2015 The Canadian Press

CACHE CREEK, B.C. – The mayor of a British Columbia village has declared a state of emergency and ordered dozens of residents to leave their homes after a violent storm tore through the province’s Interior, leaving a trail of flooding

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Institute for Catastrophic Loss Reduction to host wildfire and hurricane forecasts on June 8

May 25, 2015 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) in Toronto will be hosting its annual Forecast Webinar 2015: Wildfire and Hurricane Seasons on June 8 at 10 a.m. EDT. The ICLR webinar will summarize the current wildfire and hurricane conditions in

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The Co-operators launches overland flood insurance in Alberta

May 25, 2015 by Canadian Underwriter

Co-operators General Insurance Company announced on Monday that it has launched new insurance coverage for overland flooding in Alberta. The coverage, which is available throughout the province, is an “inclusive and flexible solution” designed to protect homes against the most

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Major oil spill could cost Vancouver’s economy $1.2 billion: city report

May 22, 2015 Laura Kane - THE CANADIAN PRESS

Vancouver’s economy could suffer a $1.2-billion blow in case of a major oil spill caused by Kinder Morgan’s Trans Mountain pipeline expansion, concludes a new report released by the city. The report, by the University of B.C.’s Fisheries Economics Research

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Operator of California coastal oil pipeline says it could take months to find cause of spill

May 22, 2015 Brian Melley - THE ASSOCIATED PRESS

GOLETA, Calif. – The operator of a broken oil pipeline that fouled a California shoreline says it could be weeks or even months before investigators are able to determine what caused the break and subsequent spill. Crews have yet to