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News CatastrophesMergers and Aqcuisitions

Cessna 310 crashes in residential area in California

March 1, 2017 Amy Taxin - THE ASSOCIATED PRESS

RIVERSIDE, Calif. – Juan Cortes and his son were installing fencing when they saw a low-flying plane make an awkward tilt and go straight down into a quiet Southern California neighbourhood of single-family homes. Moments later they and others were

News CatastrophesInsuranceMergers and Aqcuisitions

Storm-lashed California roads, dams could cost US$1B to fix

February 27, 2017 Scott Smith - THE ASSOCIATED PRESS

FRESNO, Calif. – The bill to repair California’s crumbling roads, dams and other critical infrastructure hammered by an onslaught of storms this winter could top $1 billion, including nearly $600 million alone for damaged roadways that more than doubles what

News CatastrophesInsuranceMergers and Aqcuisitions

California governor seeks flood control funds

February 24, 2017 The Associated Press

California Gov. Jerry Brown wants to spend $437 million on immediate flood control and emergency response actions in the storm-drenched state. Brown said Friday he would do that by redirecting $50 million from the state general fund and requesting a

News CatastrophesInsuranceMergers and Aqcuisitions

Powerful storm enters California and brings risk of flooding

February 17, 2017 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – The leading edge of a powerful Pacific storm entered southern and central California early Friday, bringing rains that forecasters said could become the strongest in years if not decades. With the storm feeding on an atmospheric river

News CatastrophesInsuranceMarkets / Coverages

As water falls slightly at California dam, next storm looms

February 13, 2017 Olga R. Rodriguez and Don Thompson - THE ASSOCIATED PRESS

OROVILLE, Calif. – The water level dropped Monday at the nation’s tallest dam, easing slightly the fears of a catastrophic spillway collapse that prompted authorities to order nearly 200,000 people to leave their homes downstream. But with more rain expected

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield

February 9, 2017 by Canadian Underwriter

Major severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Self-driving car prototypes need less human help, data show

February 2, 2017 Justin Pritchard - THE ASSOCIATED PRESS

LOS ANGELES – Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public Wednesday by California transportation regulators. The data reflect safety-related incidents reported by

News Climate ChangeInsurance

Storms preview sea rise damage to California roads, cities

January 31, 2017 Ellen Knickmeyer - THE ASSOCIATED PRESS

SAN FRANCISCO – Ocean rise already is worsening the floods and high tides sweeping California this stormy winter, climate experts say, and this month’s damage and deaths highlight that even a state known as a global leader in fighting climate

News CatastrophesInsuranceMergers and Aqcuisitions

Georgia’s insurance commissioner estimates US$100 million in property damage from storms

January 25, 2017 by Canadian Underwriter

Georgia’s insurance commissioner is estimating US$100 million in property damage from storms and tornadoes that devastated parts of the state and resulted in at least 15 deaths. Commissioner Ralph T. Hudgens said in a press release issued Wednesday that “hundreds”

News CatastrophesInsuranceMergers and Aqcuisitions

California governor declares states of emergency in 50 counties following severe winter storms

January 24, 2017 by Canadian Underwriter

California Governor Edmund G. Brown Jr. has declared states of emergency in about 50 counties following severe winter storms across the state. On Monday, Brown issued two emergency proclamations to secure funding to help communities respond to and recover from

News InsuranceLegislation / RegulationMergers and AqcuisitionsTechnology

Quebec electric vehicle law sparks concern within automotive industry

January 24, 2017 Ross Marowits - THE CANADIAN PRESS

MONTREAL – Automakers are expressing concern that it will be difficult to comply with a new law in Quebec that requires them to sell a minimum number of electric, plug-in hybrid and hydrogen fuel-cell vehicles. Starting with the 2018 model

News CatastrophesInsuranceMergers and Aqcuisitions

Rain, snow storms pummel the U.S. West; more wet weather on way

January 20, 2017 Scott Sonner - THE ASSOCIATED PRESS

RENO, Nev. – More winter snow and rain pummeled the West on Thursday as the first in a series of expected storms soaked morning commuters in much of California, dumped 18 more inches of snow in the Sierra Nevada and