Keyword
flood
Flash estimate for insured losses from Hurricane Hermine US$500 million: KCC
September 6, 2016 by Canadian UnderwriterThe current flash estimate of insured losses associated with Hurricane Hermine – likely to produce in excess of 50,000 claims – approaches US$500 million, with total economic damages almost US$1 billion, Karen Clark & Company (KCC) reported Friday. “The storm…
Nearly 60,000 single-family homes in New Orleans to move out of special flood hazard areas by end of September: CoreLogic
August 30, 2016 by Canadian UnderwriterNearly 60,000 single-family homes in New Orleans with a reconstruction cost value (RCV) of more than US$12 billion will move out of Special Flood Hazard Areas (SFHAs), according to updated maps published by the Federal Emergency Management Agency (FEMA). Officially…
Saskatchewan working to develop comprehensive flood risk assessment
August 28, 2016 The Canadian PressREGINA – The Saskatchewan government is developing a provincial flood and natural hazard risk assessment. Emergency management commissioner Duane McKay says risk assessments have been done in several areas of government and by municipalities, but acknowledges there’s no province-wide plan.…
Saturated ground means more rain could spur more flooding in southern Louisiana: AIR Worldwide
August 25, 2016 by Canadian UnderwriterAdditional rainfall could result in more flooding in southern Louisiana, already hit hard by extensive flooding associated with one of the state’s most catastrophic, non-tropical cyclone-triggered flood events in decades. “In the event of further rainfall, the region’s flat topography,…
FEMA approves $107 million in grants in Louisiana flooding
August 24, 2016 Melinda Deslatte - THE ASSOCIATED PRESSBATON ROUGE, La. — Heavy trucks and their works crews have begun hauling away mounds of mouldy carpet, warped flooring and water-damaged furniture as south Louisiana digs out from flooding the governor estimated Tuesday had wrecked more than 100,000 homes.…
Ottawa’s approach to disaster response, recovery does not address increasing frequency of extreme weather
July 25, 2016 by Canadian UnderwriterUneven distribution of disaster events in Canada means the federal government should rethink its current approach to disaster response and recovery, including reinstating Ottawa’s share of disaster-related costs, suggest Canada’s Premiers, who Friday wrapped their 2016 Summer Meeting in Whitehorse.…
Alberta invests in flood and drought resiliency projects
July 21, 2016 by Canadian UnderwriterThe province of Alberta is investing nearly $1 million in flood and drought resiliency projects in Calgary and other communities to help protect against the effects of severe weather. Twelve organizations in southern Alberta “and other vulnerable communities across the…
Endurance’s estimated financial impact of several Cat events in 2016 Q2, including Alberta wildfires, is US$55.5 million
July 15, 2016 by Canadian UnderwriterBermuda-based Endurance Specialty Holdings Ltd. reported Thursday that the company’s initial estimated net negative financial impact of several catastrophic events in 2016 Q2, including the wildfires in Alberta, is US$55.5 million. The events included in the initial estimate include the…
XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss
July 14, 2016 by Canadian UnderwriterXL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and…
B.C. government providing $15.52 million for flood mitigation in Surrey
July 7, 2016 by Canadian UnderwriterBritish Columbia is committing $15.52 million in funding for two flood mitigation projects in Surrey that will protect thousands of homes, landmark institutions and business and industries employing thousands of people. The funding will be used for the two dike…
$850 million in economic losses from floods in China
July 4, 2016 THE ASSOCIATED PRESSBEIJING – Three days of heavy rain in southern China have left 50 people dead and another 12 missing and destroyed thousands of homes, authorities said Sunday, as areas along the Yangtze River braced for more floods. Torrential rains caused…
Flood Risk Canada launches digital platform to help make flood zone determinations
June 30, 2016 by Canadian UnderwriterFlood Risk Canada, Inc. Wednesday announced the availability of a new digital platform that seeks to provide accurate and fast flood zone determinations for the properties in Canada. The launch of www.floodzone.ca is meant to help meet the need for…