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catastrophe


News CatastrophesInsurance

Google offers look at fire damaged Fort McMurray neighbourhoods

May 14, 2016 The Canadian Press

Fort McMurray evacuees eager for a look at how their neighbourhoods fared during a recent forest fire have a new tool – Google. The California-based Internet giant is offering a bird’s-eye view of the city taken from satellite imagery on

News CatastrophesInsurance

Update puts buildings lost in Fort McMurray at 2,400, but 25,000 saved

May 9, 2016 By Lauren Krugel - THE CANADIAN PRESS

EDMONTON – Alberta Premier Rachel Notley says the “ocean of fire” that hit Fort McMurray burned about 10 per cent of the buildings, but the hard work of firefighters saved the bulk of the city so it can be rebuilt.

News CatastrophesInsurance

A look at how a wildfire consumed large parts of Fort McMurray

May 8, 2016 The Canadian Press

FORT MCMURRAY, Alta. – A wildfire has devastated the community of Fort McMurray. Here is a timeline of events: Sunday – A fire starts in a remote part of forest southwest of Fort McMurray. Investigators don’t know how it started,

News CatastrophesInsurance

Officials say it could take months to extinguish massive Alberta blaze

May 7, 2016 By John Cotter - THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Fire officials are bracing themselves for a long, long fight against the blaze that forced the evacuation of Fort McMurray and has eaten up more than 1,500 square kilometres of northern Alberta forest. “Unless we have

News CatastrophesInsuranceMergers and Aqcuisitions

Property Claim Services declares two cat events in Canada in Q1 2016

May 4, 2016 by Canadian Underwriter

Property Claim Services (PCS) declared two catastrophe events in Canada in the first quarter of 2016, the first time the company has designated a first-quarter event in the country since 2011. The first event, a winter storm, is still under

News CatastrophesEarnings / RatingsInsurance

Reinsurance company SCOR’s net income falls slightly to 170 million euros in the first quarter of 2016 compared to prior-year quarter

April 27, 2016 by Canadian Underwriter

Despite a low natural catastrophe-loss environment that helped SCOR’s Global Property and Casualty segment record strong technical profitability and a solid contribution from the Life segment for gross written premiums, the company’s net income fell slightly to 170 million euros

News CatastrophesEarnings / RatingsInsuranceMarkets / CoveragesMergers and Aqcuisitions

Everest Re Group’s net income almost halved to US$171.7 million in 2016 Q1 from prior-year quarter

April 26, 2016 by Canadian Underwriter

Net income available to common shareholders of Everest Re Group Ltd. was US$171.7 million in the first quarter of 2016 compared to US$323.0 million in the same quarter of 2015, the company reported Monday. The after-tax operating income available to

News CatastrophesInsuranceMergers and Aqcuisitions

Final property market loss for windstorm Mike-Niklas estimated at 816 million euros

March 29, 2016 by Canadian Underwriter

Windstorm Mike-Niklas, which affected parts of western and central Europe from March 29 to April 1, caused an estimated property market loss of 816 million euros, PERILS AG said on Tuesday. The fourth and final loss estimate for the windstorm,