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CatIQ
Moose Jaw, Sask. storm in July results in more than $71 million in insured damage, CatIQ reports
October 25, 2016 by Canadian UnderwriterA severe storm that swept through Moose Jaw, Sask. during the third week of July has resulted in more than $71 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and meteorological information…
Estimated $66 million in insured damage from severe summer storms in southern Prairies: IBC, CatIQ
September 8, 2016 by Canadian UnderwriterRecent severe storms that swept through the southern Prairies – producing heavy rainfall, large hail, high winds, tornadoes and extreme lightning – are estimated to result in insured damage topping $66 million. The damage estimate released by Insurance Bureau of…
Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan
August 24, 2016 by Canadian UnderwriterA severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and…
PCS re-survey estimates $4.67 billion in insured damage from Fort McMurray wildfire
August 16, 2016 by Canadian UnderwriterInsured losses arising from the Fort McMurray, Alberta wildfire are estimated at $4.67 billion, Verisk Analytics Inc.’s Property Claims Services said in a bulletin this week. The wildfire in May was the most expensive natural catastrophe in Canadian history, when…
Severe summer storm in the Prairies causes more than $48 million in insured damage, CatIQ reports
August 16, 2016 by Canadian UnderwriterA severe storm that swept through Alberta, Saskatchewan and Manitoba during the second week of July has resulted in more than $48 million in insured damage, according to Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and…
Severe summer storm in southern Ontario causes $30 million in insured damage: CatIQ
August 10, 2016 by Canadian UnderwriterA severe summer storm that swept through southern Ontario during the second week of July has resulted in more than $30 million in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ, which delivers detailed analytical and meteorological…
Rainfall that caused flooding subsides in Alberta region hit this spring by wildfire
August 2, 2016 by Canadian UnderwriterCrews for the Regional Municipality of Wood Buffalo removed numerous barricades erected after heavy rainfall caused flooding in the region that played unwelcome host to the devastating Fort McMurray wildfire this spring. “Following yesterday’s rainfall, ground support staff from Underground…
Swiss Re reports Q2 combined ratio of 101%, large nat cat losses of US$350M
July 31, 2016 by Canadian UnderwriterSwiss Re Ltd. reported Friday its combined ratio in property and casualty reinsurance deteriorated 8.1 points, from 92.9% in the second quarter of 2015 to 101% in the three months ending June 30, due in part to losses from wildfires…
Q2 combined ratio climbs 7.1 points for Everest Re after Alberta wildfire, Texas hail, Ecuador quake
July 26, 2016 by Canadian UnderwriterEverest Re Group Ltd. announced Monday that the net impact of three catastrophes – including the Fort McMurray wildfire – was $105.4 million in the three months ending June 30. “Catastrophe losses, net of reinsurance, amounted to $123.8 million in…
June storms in Ontario and Prairies cost about $34 million in insured damage: CatIQ
July 19, 2016 by Canadian UnderwriterThe storms that hit Saskatchewan, Manitoba and Ontario on June 24 and 25 caused more than $34 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). A press release issued on Tuesday by the Insurance…
‘Prudent’ municipal development needed to reduce catastrophe losses: IBC
July 14, 2016 by Canadian UnderwriterWith the recent wildfire in Fort McMurray, Alta. being the most expensive natural disaster in Canadian history and in the same province as Canada’s second most expensive catastrophe, officials from Insurance Bureau of Canada recently suggested that building codes and…
Half of Aspen’s Q2 natural catastrophe loss from Alberta wildfire
July 14, 2016 by Canadian UnderwriterThe recent wildfires in Alberta cost Aspen Insurance Holdings Ltd. roughly US$30 million, net of reinsurance and reinstatement premiums, the Hamilton, Bermuda-based carrier suggested in a press release Wednesday. Aspen’s initial estimate, of pre-tax losses, net of reinsurance and reinstatement…