Canadian Underwriter

Keyword
damaged buildings

News CatastrophesInsuranceMergers and Aqcuisitions

Authorities confirm tornado hit Quebec town as cleanup operations continue

August 24, 2017 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – Environment Canada says a tornado touched down in a Quebec town during intense thunderstorms that caused considerable damage in different parts of the province, including the felling of century-old trees in Montreal. Meteorologist Amelie Bertrand said Wednesday a team dispatched to Lachute confirmed an EF-1 tornado with winds reaching about 175 km/h struck in the town about 85 kilometres north of Montreal.

Bertrand said an EF-1 tornado can cause wind gusts ranging from about 135 to 175 km/h, placing Tuesday’s tornado at the higher end of…

News CatastrophesInsuranceMarkets / Coverages

Hermine is first hurricane to hit Florida coast in a decade

September 2, 2016 Jason Dearen - THE ASSOCIATED PRESS

DEKLE BEACH, Fla. – Hermine tore across northern Florida on Friday as the first hurricane to hit the state in more than a decade, killing one person, raising a storm surge that destroyed beachside buildings and toppling trees into homes.

News CatastrophesInsuranceMergers and Aqcuisitions

DBRS estimates Fort McMurray insurance claims at between $2 billion and $6 billion

May 13, 2016 by Canadian Underwriter

Toronto-headquartered credit rating firm DBRS Limited has estimated that the total claim costs for the Fort McMurray wildfire will likely be in the range of $2 billion to $6 billion. DBRS said in a briefing on Friday that it is