The trend of wildfires across the western United States becoming larger and more frequent over the last 30 years could continue as climate change causes temperatures to rise and drought to become more severe in the coming decades, notes a…
SUSSEX, N.B. – Water levels in many parts of New Brunswick receded Thursday but Premier David Alward and Emergency Measures officials urged residents not to let their guard down because of a potential for more dangerous flooding. Alward spent the…
BELLEVILLE, Ont. – Belleville’s firefighters are so busy helping with sandbagging efforts due to flooding that an outdoor burning ban has been brought in to help prevent fires. Deputy fire chief Bruce Greatrix says residents of rural areas around the…
COLUMBUS, Ohio – State geologists in Ohio believe they have for the first time linked earthquake activity in the Utica shale to hydraulic fracturing, and the state says it is issuing new permit conditions in seismic-sensitive areas. State Oil &…
MANAGUA, Nicaragua – A strong earthquake damaged dozens of houses in western Nicaragua on Thursday, and authorities said that at least 23 people were injured by falling ceilings, beams and walls in one town. The 6.1-magnitude quake caused panicked Nicaraguans…
A new independent catastrophic loss index provider has launched in Canada, aiming to provide detailed analytical and meteorological information on Canadian natural and man-made catastrophes to the insurance and reinsurance industries. Catastrophe Indices and Quantification Inc. (CatIQ) has an online…
Natural catastrophes globally caused roughly $7 billion in insured losses during the first quarter of the year, and $20 billion in economic losses, according to the latest recap report from Aon Benfield’s catastrophe model development arm Impact Forecasting. Severe winter…
IQUIQUE, Chile – Chilean officials said Friday that water, fuel, electricity and other essential services are being re-established three days after a powerful magnitude-8.2 earthquake and hundreds of aftershocks that have rattled the country’s far northern regions. But pockets of…
Ratings firm A.M. Best Company released Friday a special report on global reinsurance, reporting an improvement in loss ratios in both the Lloyd’s and United States and Bermuda markets and “relatively healthy” investment income in the sector. “An A.M. Best…
IQUIQUE, Chile – Coastal residents of Chile’s far north spent a second sleepless night outside their homes as major aftershocks continued Thursday following a magnitude-8.2 earthquake that damaged several thousand homes and caused six deaths. No new major damage or…
The payouts by insurance companies in New Zealand in the wake of the 2011 Canterbury earthquake crossed the $11 billion mark as of the end of February. Insurance companies have paid out $11.103 billion in commercial and residential Canterbury earthquake…
The Institute for Catastrophic Loss Reduction will be holding a workshop focused on forest fires from a risk management perspective. The April 11 event, part of ICLR’s ongoing Friday Forum series, will host David Martell a professor in the Faculty…