Canadian Underwriter

Keyword
El Niño

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Study links major floods in North America and Europe to “multi-decade ocean patterns,” says number of major floods has not increased overall

August 14, 2017 by Canadian Underwriter

The number of major floods in natural rivers across Europe and North America has not increased overall during the past 80 years, rather the occurrence of major flooding in these two continents often varies with North Atlantic Ocean temperature patterns.

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2016 was the warmest year on record for the globe, Canadian Prairies experienced one of the “longest and most active storm seasons”: report

August 11, 2017 by Canadian Underwriter

Last year topped 2015 as the warmest year in 137 years of record keeping and marked the third consecutive year of record warmth, the National Oceanic and Atmospheric Administration (NOAA) reported on Thursday. The 27th annual State of the Climate

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NOAA upwardly revises forecast for 2017 Atlantic hurricane season

August 10, 2017 by Canadian Underwriter

The National Oceanic and Atmospheric Administration (NOAA) in the United States is now forecasting 14-19 named storms, five to nine hurricanes and two to five major (Category 3+) hurricanes between June and November for the Atlantic Basin. The agency’s August

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Above-normal Atlantic hurricane season most likely this year: NOAA

May 26, 2017 by Canadian Underwriter

The Atlantic could see another above-normal hurricane season this year, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center predicted on Thursday. For the upcoming Atlantic hurricane season, which runs from June 1 through Nov. 30, forecasters predict a

News Climate Change

March and year-to-date second warmest on record for the world: NOAA

April 21, 2017 by Canadian Underwriter

On the heels of the second warmest winter in its 138-year record, the National Oceanic and Atmospheric Administration (NOAA) has reported that March 2017 and the year-to-date were the second warmest on record for the world. The March 2017 average

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Aon Benfield’s Tropical Storm Risk, Colorado State University issue forecast for 2017 Atlantic Hurricane Season

April 11, 2017 by Canadian Underwriter

Aon Benfield’s Tropical Storm Risk (TSR) and a research scientist at the Colorado State University (CSU) have both predicted 11 named storms, four hurricanes and two major (Category 3+) hurricanes between the months of June and November. TSR, part of

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Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re

March 20, 2017 by Canadian Underwriter

Severe convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a

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2016 marks three consecutive years of record warmth for the globe: NOAA

January 19, 2017 by Canadian Underwriter

The year 2016 marked three consecutive years of record warmth for the globe, the National Oceanic and Atmospheric Administration (NOAA) reported on Wednesday. “With a boost from El Niño, 2016 began with a bang,” NOAA said in a press release.

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Extreme weather events can be modelled as “independent” by global reinsurers, Lloyd’s and Met Office study confirms

November 28, 2016 by Canadian Underwriter

Extreme weather events can be modelled as “independent” by global reinsurers when assessing many of their key aggregate risks around the world, confirmed a new report from Lloyd’s, the world’s only specialist insurance and reinsurance market, and the Met Office,

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2016 set to be hottest year on record: World Meteorological Organization

November 14, 2016 by Canadian Underwriter

2016 is “very likely” to be the hottest year on record, with global temperatures even higher than the record-breaking temperatures in 2015, according to an assessment by the World Meteorological Organization (WMO), the United Nation’s agency on weather, climate and

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Total worldwide economic losses for first half of 2016 at US$70 billion, up US$11 billion from 2015 half-year totals: Munich Re

July 12, 2016 by Canadian Underwriter

Total worldwide economic losses for the first half of 2016 were US$70 billion, of which US$27 billion were insured, significantly higher than the first year losses of US$59 billion in 2015, of which US$19 billion were insured, Munich Re said

News CatastrophesClimate ChangeInsurance

‘Nuisance flooding’ exceeds trends, breaks records in the United States: NOAA

June 8, 2016 by Canadian Underwriter

‘Nuisance flooding’ exceeded trends and broke records, especially in the southern United States and Gulf Coast, possibly due to a strong El Niño compounding already rising sea levels, the National Oceanic and Atmospheric Administration (NOAA) said on Wednesday. The frequency