Keyword
earthquakes
Light earthquakes recorded around Newfoundland and Labrador
February 4, 2020 The Canadian PressST. JOHN’S, N.L. – A number of light earthquakes have been recorded around Newfoundland and Labrador over the last week, according to Earthquakes Canada. At approximately 2 p.m. local time on Monday, a magnitude 4.3 earthquake was registered in coastal…
“Mysterious swarm” of earthquakes rattles New Brunswick village again
April 13, 2018 Kevin Bissett - THE CANADIAN PRESSMCADAM, N.B. – Two years after a mysterious “swarm” of earthquakes rattled homes and nerves in a New Brunswick village, they’ve started up again. Earthquakes Canada has recorded 22 earthquakes in New Brunswick over the last 30 days, with most…
2016 central Italy earthquakes cost an estimated 208 million euros: PERILS
October 26, 2017 by Canadian UnderwriterThe series of earthquakes that impacted central Italy one year ago have cost 208 million euros, the independent Zurich-based organization PERILS has estimated. On Thursday, PERILS disclosed its final property insurance loss estimate for the earthquakes that struck Italy between…
OneEleven and Aviva Canada to host Canada’s “first ever” DisasterTech Hackathon
September 12, 2017 by Canadian UnderwriterOneEleven, described as “North America’s largest scaleup innovation hub,” and Aviva Canada have announced that a 48-hour DisasterTech Hackathon will be held next month in Toronto. The event will kick off at OneEleven’s office at 325 Front St. West in…
Insurers should ensure consumers are ‘better able to understand’ home insurance policies: CCIR
August 9, 2017 by Canadian UnderwriterIn a paper released Wednesday, Canada’s insurance regulators’ association suggests that insurers need to better educate consumers so they can understand the terms – including limitations, exclusions and deductibles – of their property insurance contracts, while sharing aggregated property risk…
Record breaking US$6.3 billion of non-life property cat issuance in Q2 sees ILS reach “critical juncture:” Willis Towers Watson Securities
July 28, 2017 by Canadian UnderwriterNon-life insurance-linked securities (ILS) issuance reached a record breaking US$6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, Willis Towers Watson Securities’ said in its latest ILS Market Update, released on Friday. ILS assets…
Investment income doubles for Canadian P&C industry: MSA
June 27, 2017 by Canadian UnderwriterThe Canadian property and casualty insurance industry had essentially no underwriting income during the first three months of the year but Q1 net investment income more than doubled year over year, figures from a report from MSA Research Inc. suggest.…
U.S. earthquakes estimated to cost US$6.1 billion annually in building stock losses
June 26, 2017 by Canadian UnderwriterEarthquakes are estimated to cost the United States US$6.1 billion annually in building stock losses, according to an updated report published last week by the Federal Emergency Management Agency (FEMA). The new loss estimate represents a 10% increase over the…
PERILS discloses second loss estimate of 259 million euros for extratropical cyclone Zeus
June 6, 2017 by Canadian UnderwriterPERILS AG has disclosed a second loss estimate for extratropical cyclone Zeus of 269 million euros. The revised estimate, released on Tuesday, is for the property insurance market loss, said PERILS, an independent organization based in Zurich, Switzerland that provides…
Hurricanes and typhoons could be monitored from hundreds of miles away, possibly leading to better forecasts: study
May 19, 2017 by Canadian UnderwriterHurricanes and typhoons could be monitored from hundreds of miles away with relatively inexpensive instruments like barometers and anemometers, much like earthquakes are monitored by seismometers, a new study has found. The study, titled Spiral Gravity Waves Radiating from Tropical…
Threats of cyberattacks, natural disasters and supply chain failure most pressing global business performance risks: FM Global
May 11, 2017 by Canadian UnderwriterCyberattacks, natural disasters and supply chain failure are three of the most pressing risks to global business performance in the 21st century, according to the 2017 FM Global Resilience Index. The online, interactive annual index ranks 130 countries and territories…
Aftershocks still rumbling following 6.2 quake that jolted Yukon, northwest B.C.
May 2, 2017 The Canadian PressWHITEHORSE – More than 100 aftershocks had shivered across the Alaska Panhandle, southern Yukon and parts of northwestern British Columbia by early Tuesday following two powerful earthquakes a day earlier, but seismologists say while people need to be prepared, it…