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evacuation


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Insured costs for Cyclones Debbie and Cook in New Zealand upgraded to NZ$109 million from NZ$84 million in June

August 28, 2017 by Canadian Underwriter

The Insurance Council of New Zealand (ICNZ) has upgraded the insured costs associated with Cyclones Debbie and Cook to NZ$109 million from the NZ$84.4 million estimate in June. The two cyclones swept through New Zealand during April (Cyclone Debbie from

News CatastrophesInsuranceMarkets / Coverages

Smoke from fires in northwestern Ontario prompts evacuation of First Nation members

August 15, 2017 The Canadian Press (CPSTF)

Smoke from a growing number of forest fires in northwestern Ontario has prompted the evacuation of community members from a First Nation in the region. Ontario’s Ministry of Community Safety and Correctional Services says members of the Nibinamik First Nation

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 / Coverages

Aftershocks still rumbling following 6.2 quake that jolted Yukon, northwest B.C.

May 2, 2017 The Canadian Press

WHITEHORSE – 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

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Warm summer means increased risk of forest fires, meteorologists say

April 17, 2017 The Canadian Press

Nearly a year after the massive wildfire that devastated Fort McMurray, Alta., a climate scientist says there may be more forest fires in Canada this summer. “If the forecast’s right that it’s a warmer than normal summer, we’ll probably have

News CatastrophesInsuranceMergers and Aqcuisitions

Cyclone Debbie barrels into Australia with damaging winds, flooding rain: AIR

March 29, 2017 by Canadian Underwriter

Australia is experiencing its most powerful storm since 2011, as Cyclone Debbie roared ashore in Queensland, Australia as a Category 4 storm shortly after noon on Tuesday. Catastrophe modelling firm AIR Worldwide said that Cyclone Debbie struck Airlie Beach as

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Government of Alberta advances Disaster Recovery Program funding to help with Fort McMurray uninsurable costs

February 24, 2017 by Canadian Underwriter

The government of Alberta announced on Thursday that it is advancing $20 million in Disaster Recovery Program funding to help with uninsurable costs related to the Fort McMurray wildfire. The funding is intended to help with uninsurable costs, such as

News CatastrophesInsuranceMergers and Aqcuisitions

Buildings evacuated after massive fire breaks out in midtown Toronto

February 15, 2017 Liam Casey - THE CANADIAN PRESS

TORONTO – Firefighters continued to pour water on a massive and “hazardous” blaze in midtown Toronto early Wednesday, several hours after the fire began and forced the evacuation of surrounding buildings. Division Cmdr. Len Stadler said the fire at The

News CatastrophesInsuranceMarkets / Coverages

As water falls slightly at California dam, next storm looms

February 13, 2017 Olga R. Rodriguez and Don Thompson - THE ASSOCIATED PRESS

OROVILLE, Calif. – The water level dropped Monday at the nation’s tallest dam, easing slightly the fears of a catastrophic spillway collapse that prompted authorities to order nearly 200,000 people to leave their homes downstream. But with more rain expected

News CatastrophesInsuranceMergers and Aqcuisitions

$5.3 billion to be re-invested in Alberta economy over three years to rebuild Fort McMurray: Conference Board of Canada report

November 15, 2016 by Canadian Underwriter

About $5.3 billion will be re-invested in Alberta’s economy over the next three years to rebuild Fort McMurray following the massive wildfire in May, according to a new Conference Board of Canada report on the economic impacts of Canada’s most costliest natural

News CatastrophesInsuranceMergers and Aqcuisitions

Eleven families evacuated as flooding hits near Port Alberni, B.C.

November 9, 2016 The Canadian Press

PORT ALBERNI, B.C. – Eleven families have been evacuated from the Tseshaht First Nation on Vancouver Island as the Somass River surges over its banks in low-lying areas west of Port Alberni, B.C. Rain warnings posted for the central Vancouver

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Crews try to keep massive northern Nevada wildfire at bay

October 17, 2016 The Associated Press

RENO, Nev. – Firefighters in Nevada were hoping to stop a wind-driven wildfire, which has already destroyed 22 homes north of Carson City, from jumping any major roads Saturday. The blaze between Reno and Carson City was only 5 per