Topic
Climate Change
Suspending licenses immediately may reduce DUIs
August 29, 2005 by Canadian UnderwriterAutomatically suspending the licenses of people charged with impaired driving is helping reduce the number of drunk drivers on the province’s roads, according to a study completed for the Alberta government.The study shows that there was a 24% drop in…
Katrina damage estimates range from $9 to $26 billion
August 29, 2005 by Canadian UnderwriterEstimates for property damages incurred as a result of Hurricane Katrina range from $9 billion to $26 billion, according to three separate sources.Estimates of insured losses on the Gulf Coast could range from $9 to $16 billion, according to Oakland,…
AIR Worldwide estimates loss estimate, Hurricane Katrina
August 26, 2005 by Canadian UnderwriterAIR Worldwide has estimated the insured losses from the initial landfall of Hurricane Katrina should not exceed US$600 million. Katrina, with maximum sustained wind speeds of 80 mph at landfall, was a fairly weak Category 1 storm. However, the AIR…
Allstate backs taxpayer insurance pool (August 26, 2005)
August 26, 2005 by Canadian UnderwriterA catastrophe insurance pool bolstered by taxpayers may be the best bet for US consumers, according to Allstate Corp.Natural and manmade disasters from hurricanes to flooding and explosions and even terrorism are inevitable yet the US private insurance system is…
GTA flood costs over $100 million
August 24, 2005 by Canadian UnderwriterThe series of thunderstorms and tornadoes that recently hit southern Ontario will cost over $100-million in claims, according to the Insurance Bureau of Canada (IBC).Mark Yakabuski, vice president federal affairs and Ontario, IBC, says already 5,200 homeowner insurance claims and…
Tropical storm forms in the Atlantic
August 24, 2005 by Canadian UnderwriterThe 12th depression of the Atlantic hurricane season recently gained strength en route from Nassau, Bahamas to southeastern Florida reaching 39 mph upgrading it to Tropical Storm Katrina.According to the U.S. National Hurricane Center forecast, the storm is expected to…
Flood costs mount, over 5,000 claims filed
August 23, 2005 by Canadian UnderwriterApproximately 4,500 homeowners, 50 businesses and 500 vehicle owners are in the process of sending their insurance adjusters claims as a result of the torrential storms that recently swept across the greater Toronto area from Oshawa to Brampton, ON with…
August record month for airline losses
August 22, 2005 by Canadian UnderwriterThe four recent airline crashes that occurred in Canada, Italy, Venezuela and Greece, have put August on the map as the worst month for airline losses in more than three years, according to Aon Corp. The value of the most…
Clean up ensues following southern Ontario storms
August 22, 2005 by Canadian UnderwriterA series of storms, including two tornadoes, recently wreaked havoc on southern Ontario destroying homes, flipping cars, downing power lines and more. Environment Canada reports the F-2 (a “Strong” rating on the Fujita scale) tornadoes traveled with winds ranging between…
Manure spill not a threat to Kingston
August 19, 2005 by Canadian UnderwriterMore than 11 million litres of liquid manure recently spilled into Black River in the northern area of New York initially posing a concern to Kingston, ON city officials.President and CEO of Utilities Kingston Jim Keech says he is monitoring…
Tropical storms to reach record levels
August 15, 2005 by Canadian UnderwriterA record number of tropical storms may result from the 2005 North Atlantic hurricane season, according to Tropical Storm Risk (TRS) – led by University College London’s Benfield Hazard Research Centre.Approximately 22 tropical storms, TSR reports, may form in the…
Alberta Environmental Protection Commission forms
August 15, 2005 by Canadian UnderwriterAn Environmental Protection Commission was recently formed to perform reviews and make recommendations regarding Alberta’s ability to respond to environmental incidents, according to Alberta Environment Minister Guy Boutilier.Although the suggestion of the Commission was just recently evoked, Boutilier says it…