Keyword
El Niño
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 UnderwriterTotal 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…
‘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…
As risk of farm losses rise, so too do number of farmers buying crop insurance
May 10, 2016 Ian Bickis - THE CANADIAN PRESSCALGARY – Kelly McIntyre has tilled the soils of northwestern Alberta for more than 30 years, but only this spring did he conclude that he needed crop insurance. “There just seems to be increased risk, more risk all the time,”…
The Weather Company predicts 14 named storms for the 2016 tropical season
April 30, 2016 by Canadian UnderwriterThe Weather Company, an IBM Business, has issued their first tropical forecast for the 2016 season, which includes a total of 14 named storms. Of those named storms, eight will be hurricanes and three will be major hurricanes, The Weather…
Global temperature records piling up: NOAA
April 20, 2016 by Canadian UnderwriterFor the 11th straight month, the globe was record warm, as March set another heat record, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday. As the Earth continues to warm and is influenced by phenomena such as El…
Aon Benfield’s Tropical Storm Risk releases forecast for Atlantic Hurricane season
April 5, 2016 by Canadian UnderwriterTropical Storm Risk (TSR), part of Aon Benfield Research’s academic and industry collaboration, is forecasting 12 named storms, six hurricanes and two major (Category 3+) hurricanes between the months of June and November. The April forecast for the Atlantic Hurricane…