Keyword
disaster
Record new Cat bond, ILS issuance in 2016 spurs highest-ever outstanding market size: Artemis.bm
January 3, 2017 by Canadian UnderwriterCatastrophe bonds and similarly structured insurance-linked securities (ILS) deals in 2016 propelled the market to record levels, with the approximately US$7 billion in new issuance resulting in an outstanding market size of US$26.82 billion at year-end, notes the latest edition…
Great British Columbia ShakeOut attracts record number of registrants
October 20, 2016 by Canadian UnderwriterThe Great British Columbia ShakeOut is clearly gaining more traction, with a record 800,000 British Columbians registering for today’s “Drop, Cover and Hold On” drill, joining almost 41.5 million others around the world. “This year, we saw the largest number…
Business interruption payouts should be based on historic results even in post-disaster economy: AEIC speaker
October 11, 2016 by Angela StelmakowichThe Fort McMurray wildfire will likely raise questions about the basis for business interruption (BI) insurance payouts in a post-catastrophe economy, but historic results are the best indication of what otherwise would have occurred, Emily Stock argued during the 43rd…
Change in exposure driving widening gap between insured, economic losses following disaster events
September 14, 2016 by Angela StelmakowichCALGARY – A dramatic loss scenario around disaster events is developing globally, contributing to a widening gap between insured and economic losses, Alex Kaplan, senior vice president of global partnerships for Swiss Re, suggested earlier this week during the RIMS…
Resilience should be a goal of all organizations
September 12, 2016 by Angela StelmakowichCALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,…
Ottawa’s approach to disaster response, recovery does not address increasing frequency of extreme weather
July 25, 2016 by Canadian UnderwriterUneven distribution of disaster events in Canada means the federal government should rethink its current approach to disaster response and recovery, including reinstating Ottawa’s share of disaster-related costs, suggest Canada’s Premiers, who Friday wrapped their 2016 Summer Meeting in Whitehorse.…
SGI Canada assigning more adjusters to deal with Saskatchewan flooding claims following heavy rainfall
July 12, 2016 by Canadian UnderwriterSGI Canada will be assigning additional adjusters to Estevan, Saskatchewan – among the areas in the province hit by heavy rainfall that prompted localized flash flooding – to handle what is anticipated to be higher-than-normal claim volumes, the insurer reported…
No interruption in disaster financial assistance for B.C. flooding victims
July 8, 2016 by Canadian UnderwriterThose receiving payments for uninsurable disaster-related losses in the wake of the rain storm that washed across British Columbia’s Peace River Regional District in June, causing flooding, will not see any disruption should there be a postal strike. In collaboration…
U.S. forum urges need for disaster-exposed communities to be more resilient: A.M. Best
June 27, 2016 by Canadian UnderwriterIndustry players focused on resilience experts are facing a big, but unfortunately familiar, challenge: making people aware of the critical need to ensure they are prepared for natural disasters in the event they occur. That is, at least in part,…
Need exists to embrace all tools, including social media, to enhance emergency management and response
June 8, 2016 Angela Stelmakowich, EditorSocial media can serve as an important tool in a scattergun approach that helps the public to be better informed, further engaged and more prepared in the event of an emergency or disaster, suggests Melanie Irons, PhD, psychology lecturer with…
Google offers look at fire damaged Fort McMurray neighbourhoods
May 14, 2016 The Canadian PressFort 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…
Officials say it could take months to extinguish massive Alberta blaze
May 7, 2016 By John Cotter - THE CANADIAN PRESSFORT 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…