Canadian Underwriter

Keyword
drought

News CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Alberta government addressing flood resilience in Calgary

August 14, 2017 by Canadian Underwriter

The province of Alberta reported on Friday that it has begun implementing advice from a report that identifies ways to improve flood resilience in Calgary and better water management throughout the Bow River basin. The Advice to Government on Water

News CatastrophesInsuranceMergers and Aqcuisitions

Asia records US$11 billion economic loss from heavy flooding in July, western Canada affected by wildfires, severe weather: Aon

August 8, 2017 by Canadian Underwriter

Relentless seasonal flooding that began in mid-June resulted in continued fatalities and damage across parts of Asia in July, causing an estimated US$11 billion in economic losses, according to Impact Forecasting’s latest Global Catastrophe Recap report. On Tuesday, Impact Forecasting,

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

May storms in Ontario, Quebec and the Maritimes caused hundreds of millions in damage and damaged more than 5,200 homes: Aon Benfield

June 8, 2017 by Canadian Underwriter

Several low pressure systems that brought heavy rainfall to portions of Ontario, Quebec and the Maritimes last month caused “hundreds of millions” in U.S. dollars and damaged more than 5,200 homes, according to Impact Forecasting’s latest Global Catastrophe Recap for

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsReinsurance

Global insured losses from disasters up 42%, economic losses almost double in 2016 over 2015: Swiss Re

March 28, 2017 by Canadian Underwriter

Both economic and insured losses from natural catastrophes and man-made disasters in 2016 were the highest since 2012 – reversing a four-year downtrend – amounting to US$54 billion and US$175 billion, respectively, notes the latest sigma study from the Swiss

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Most recent Canadian, U.S. actuarial index values reflect continued high frequencies of extreme weather events

March 7, 2017 by Canadian Underwriter

Organizations representing the actuarial profession in Canada and the United States have reported an Actuaries Climate Index (ACI) value for the summer of 2016 of 1.72, the third-highest seasonal level recorded. On Tuesday, the four organizations representing actuaries in the

News CatastrophesClimate ChangeConstructionInsuranceMarkets / Coverages

Two U.S. dams illustrate challenge of maintaining older designs

February 22, 2017 Michael R. Blood - THE ASSOCIATED PRESS

LOS ANGELES – Twelve years ago, widespread destruction from Hurricane Katrina on the Gulf Coast helped compel federal engineers 2,000 miles away in California to remake a 1950s-era dam by constructing a massive steel-and-concrete gutter that would manage surging waters

News CatastrophesInsurance

First of three more storms hits California as drought retreats

January 19, 2017 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – The worst area of drought in California has significantly narrowed to a small region northwest of Los Angeles that has stubbornly failed to benefit from Pacific storms that have drenched much of the state since the fall

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

15 U.S. weather and climate disasters in 2016 caused US$46 billion in damages: NOAA

January 9, 2017 by Canadian Underwriter

The United States experienced 15 “weather and climate disasters” last year – each with losses exceeding US$1 billion – for a total of US$46 billion, the National Oceanic and Atmospheric Administration (NOAA) reported on Monday. The disasters, which included eight

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsReinsurance

2016 costliest 12 months for natural catastrophes in the last four years: Munich Re

January 4, 2017 by Canadian Underwriter

The US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday

News CatastrophesInsuranceMarkets / Coverages

Southern U.S. drought relents but not over, despite recent rains

December 8, 2016 Jeff Martin - THE ASSOCIATED PRESS

ATLANTA – Recent showers and storms across much of the South have eased the severe drought in the region, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. More rain

News CatastrophesInsuranceMergers and Aqcuisitions

Death toll in storms sweeping southern U.S. increases to five

November 30, 2016 Bill Fuller and Rebecca Yonker - THE ASSOCIATED PRESS

Possible tornadoes swept through parts of Alabama and Tennessee overnight, killing five people and injuring more than a dozen as heavy rains from storms moving across the South produced flooding in areas previously suffering from months of drought. Possible tornadoes

News CatastrophesInsuranceMergers and Aqcuisitions

Wildfires scorch tourist area in Tennessee; thousands flee

November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESS

PIGEON FORGE, Tenn. – Wildfires fueled by high winds roared through parts of the Great Smoky Mountains, burning the doorstep of the Dollywood theme park, destroying a resort and chasing thousands of people from their homes. National Guard troops arrived