Topic
Catastrophes
Report: 23 trapped in collapsed mine in southern Turkey
October 28, 2014 THE ASSOCIATED PRESSANKARA, Turkey – Turkey’s state-run television says a coal mine in southern Turkey has collapsed, trapping 23 workers inside. TRT television says the tragedy occurred Tuesday in the town of Ermenek, in Karaman province, and that eight other miners were…
Demand for stand-alone cyber increases, with premium increases for point-of-sale retailers: Willis
October 23, 2014 by Canadian UnderwriterWillis Group Holdings plc predicts commercial property insurance rates will fall in 2015, there will be “modest increases” in aviation rates while terrorism rates will decline or remain flat if the United States government passes a law extending the Terrorism…
80% of North American insurance CFOs report U.S. TRIA renewal important to their firms
October 21, 2014 by Canadian UnderwriterMore than two-thirds of property and casualty insurance chief financial officers surveyed said that if the United States Terrorism Risk and Insurance Act (TRIA) expires Dec. 31, it will have a “minor or no impact” on their organizations, Towers Watson…
Gonzalo could make landfall in southeastern Newfoundland early Sunday
October 18, 2014 The Canadian PressST. JOHN’S, N.L. – The Canadian Hurricane Centre is warning that Gonzalo could still be hurricane strength by the time it reaches southeastern Newfoundland early Sunday. Meteorologist Bob Robichaud said there is about a 30 per cent chance of the…
Hurricane Gonzalo crosses over Bermuda, giving island second pummeling by storm this week
October 18, 2014 Josh Ball And Danica Coto - THE ASSOCIATED PRESSHAMILTON, Bermuda – Hurricane Gonzalo crushed trees, flattened power lines and damaged Bermuda’s main hospital during an hours-long battering, but the tiny, wealthy British territory suffered no deaths. The storm’s centre crossed over Bermuda Friday night and its winds and…
Small earthquake rocks Banff in Alberta; no injuries, damage reported
October 17, 2014 THE CANADIAN PRESSBANFF, Alta. – What was that? That’s what many people in the Alberta Rocky Mountain town of Banff were asking around suppertime Thursday. “That” turned out to be a small earthquake, said Garry Rogers, a scientist with the Geological Survey…
Collaboration key to building resilient communities to withstand disasters
October 16, 2014 by Canadian UnderwriterEarthquake preparedness demands taking steps now to build resilient communities that can better withstand and recover from the impacts of natural disasters and other emergencies, Steven Blaney, Canada’s minister of public safety and emergency preparedness, emphasized during a speech in…
North America catastrophe losses at $14 billion for first nine months of 2014
October 15, 2014 by Canadian UnderwriterNorth American catastrophe activity caused just more than $14 billion in insured losses in the first nine months of the year, Property Claims Services reported Wednesday. PCS has designated 26 catastrophe events for the first nine months in the United…
Greed, incompetence, neglect behind deadly mall collapse, inquiry finds
October 15, 2014 Colin Perkel, THE CANADIAN PRESSELLIOT LAKE, Ont. – Decades of incompetence, neglect, greed and dishonesty by a succession of owners, engineers and municipal officials led to the deadly cave-in of a northern Ontario mall two years ago, a judicial inquiry reported Wednesday. In…
Quake on California’s Hayward fault ‘could produce $25 billion in insured losses,’ RMS warns
October 14, 2014 by Canadian UnderwriterRisk Management Solutions Inc. warned Monday that the “most likely location” of the next big earthquake to affect the San Francisco Bay area is on a fault running east of the bay, which could cause $25 billion in insured losses…
Magnitude 7.4 offshore earthquake off El Salvador felt throughout Central America
October 14, 2014 THE ASSOCIATED PRESSSAN SALVADOR, El Salvador – A magnitude 7.4 underwater earthquake off the Pacific coast of El Salvador shook several Central American countries late Monday. There were no immediate reports of damage or injuries and no tsunami warnings. But power outages…
Willis launches online response hub to help firms address Ebola emergency preparedness, response
October 10, 2014 by Canadian UnderwriterWillis clients and associates will have access to developments related to the Ebola virus through the company’s newly launched Disease Response Center microsite. The one-stop portal on Willis.com – which will be updated as information develops – offers a comprehensive…