OKLAHOMA CITY – Oklahoma regulators are ordering the shutdown of more disposal wells and restricting the volume of others near where a magnitude 5.0 earthquake struck. The plan released Tuesday by the Oklahoma Corporation Commission’s Oil and Gas Division requires…
“Sitting on the sidelines is not an option while climate change threatens our future,” Vancouver Mayor Gregor Robertson emphasized last week in announcing the city’s next moves to prepare for sea level rise over the next century. “The massive costs…
All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new…
Arch Capital Group Ltd. of Hamilton, Bermuda, reporting a 7.5% overall increase in net premiums written, a 2.1-point improvement in loss ratio and a drop in reinsurance premiums partly due to a decline in casualty, marine and aviation lines premiums.…
A disputed $14.5-million claim on a course of construction policy, arising from an incident when concrete slabs over-deflected during the building of a hospital addition, was recently remanded by the Supreme Court of Canada to the British Columbia Court of…
More than US$625 million in property damages were prevented during Hurricane Sandy in 2012 by coastal wetlands along the coast northeast coast of the United States, according to a new report released on Tuesday. Using the latest modelling techniques, scientists…
RMS has estimated Hurricane Matthew will produce insured losses of US$1.5 billion to US$5 billion for the United States and US$1 billion to US$3 billion in the Caribbean, making it the reinsurance industry’s costliest Atlantic hurricane since Sandy four years…
Infrastructure Canada announced on Thursday that it will contribute more than $20.5 million to help protect three Alberta communities from flood risks. The new federal funding for three disaster mitigation projects was announced in Canmore, Alta. for projects in Canmore,…
Modelled insured losses from Hurricane Matthew could range from US$2.2 billion to US$6.8 billion for the United States and US$600 million to US$2.0 billion for the Caribbean, notes an estimate issued Thursday by AIR Worldwide. Hurricane Matthew affected the Caribbean…
About four months after a “substantive rainfall event” that lead to flooding in British Columbia’s Peace Region, the provincial government announced that it is providing $2.5 million to the Peace River Regional District (PRRD) to undertake debris removal and preventative…
The initial estimate of the insured property market loss for the damage caused by the earthquake in central Italy on Aug. 24 is 34 million euros, according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The…
Nearly two million homes in Florida, North and South Carolina and Georgia are risk of storm surge damage from Hurricane Matthew as it makes its way toward the United States’ Atlantic Coast, according to new data from CoreLogic, Inc. On…