Canadian Underwriter

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Catastrophes


News CatastrophesInsuranceMergers and Aqcuisitions

Quake aid need acute in Nepal capital, more so in villages near epicenter; toll tops 3,700

April 27, 2015 Katy Daigle and Binaj Gurubacharya - THE ASSOCIATED PRESS

KATHMANDU, Nepal – Shelter, fuel, food, medicine, power, news, workers – Nepal’s earthquake-hit capital was short on everything Monday as its people searched for lost loved ones, sorted through rubble for their belongings and struggled to provide for their families’

News CatastrophesInsurance

RIMS Community Service Day focuses on rebuilding two catastrophe-affected neighbourhoods in New Orleans

April 27, 2015 Angela Stelmakowich, Editor

NEW ORLEANS, La. – About 100 risk management professionals joined forces with the St. Bernard Project, a non-profit that provides critical resources for communities afflicted by natural disaster, on Apr. 26 to lend a hand in rebuilding two New Orleans

News CatastrophesInsurance

6.1 magnitude earthquake hits British Columbia’s north coast, no tsunami

April 24, 2015 Cara McKenna - THE CANADIAN PRESS

QUEEN CHARLOTTE CITY, B.C. – Billy Yovanovich was about to rise from bed when his house started trembling from a powerful earthquake on British Columbia’s north coast. “I was just waking up and my dog, actually, I think heard it

News AssociationsCatastrophesInsurance

Closing protection gap offers opportunity for insurance industry: Swiss Re

April 23, 2015 Angela Stelmakowich, Editor

The global insurance industry has an opportunity to provide solutions and products in light of the considerable protection gap – the difference between economic and insured losses from natural catastrophes – that currently exists and could grow larger, Christoph Oehy,

News CatastrophesInsuranceMergers and Aqcuisitions

Water levels on St. John River expected to exceed flood stage

April 23, 2015 by Canadian Underwriter

New Brunswick’s Department of Public Safety is warning that four water levels on the St. John River are forecast to exceed flood stage today and tomorrow. In its River Watch 2015 alert, the department noted that “ice has been occurring

News CatastrophesInsuranceMergers and Aqcuisitions

North Ontario First Nation community to begin evacuation due to flooding today

April 23, 2015 by Canadian Underwriter

KASHECHEWAN, Ont. – The evacuation of a remote northern Ontario First Nation is set to begin today as the rapidly rising Albany River threatens the community. About 600 of the most vulnerable residents in the James Bay community of Kashechewan

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. coalition calls for reforms to natural disaster policies to refocus on mitigation

April 23, 2015 by Canadian Underwriter

A coalition of insurers, taxpayer advocates, environment groups and mitigation and housing organizations in the United States is calling for major reforms of the federal government’s natural disaster policies to refocus on mitigation. The coalition, SmarterSafer, released a report this

News CatastrophesInsurance

Willis launches forensic accounting, complex claims practice

April 23, 2015 by Canadian Underwriter

Willis Group Holdings plc announced Wednesday a new forensic accounting and complex claims (FACC) practice, which the commercial brokerage says will help companies “across all industry sectors globally” submit claims “in a format that is familiar to insurers.” London-based Willis

News CatastrophesInsuranceMergers and Aqcuisitions

Gas leak caused explosion that killed man, levelled Toronto home: investigator

April 22, 2015 by Canadian Underwriter

TORONTO – Investigators say at least six homes are not structurally sound after a blast flattened one home in northeast Toronto killing one man and damaging 40 nearby homes. Wayne Romaine, an investigator with the Ontario Fire Marshal’s office, said

News CatastrophesInsuranceMergers and Aqcuisitions

Oklahoma geology group links surge in earthquakes to disposal wells from oil and gas drilling

April 22, 2015 Tim Talley - THE ASSOCIATED PRESS

OKLAHOMA CITY – The Oklahoma Geological Survey said Tuesday it is “very likely” that most of the state’s recent earthquakes were triggered by the subsurface injection of wastewater from oil and natural gas drilling operations. Geologists have been studying the

News CatastrophesInsuranceMergers and Aqcuisitions

Insurance Council of Australia has received more than 19,500 claims following storm

April 22, 2015 by Canadian Underwriter

The Insurance Council of Australia (ICA) has received more than 19,500 claims, with losses estimated at AUD$129 million as of 7 a.m. on Wednesday, following a storm that affected parts of New South Wales (NSW). The ICA said in a

News AssociationsCatastrophesInsuranceMergers and Aqcuisitions

Federal government calls for National Disaster Mitigation Program proposals

April 21, 2015 by Canadian Underwriter

Canada’s Minister of Public Safety and Emergency Preparedness, Steven Blaney, has launched the first call for proposals for the National Disaster Mitigation Program (NDMP). In the federal government’s Economic Action Plan 2014, it committed to providing $200 million in funding