Keyword
flooding
Flooding expected to be ‘unlike anything ever seen,’ warns Kelowna mayor
May 12, 2017 The Canadian PressVANCOUVER – British Columbia’s Okanagan region is bracing for a storm that Kelowna’s mayor worries could unleash the worst flooding the region has ever seen. Mayor Colin Basran posted a Facebook statement describing expected water levels as “unlike anything we…
Too early to confirm costs from flooding in B.C., Ontario, Quebec and Maritimes: Aon
May 11, 2017 by Canadian UnderwriterPersistent recent heavy rainfall falling across several Canadian provinces has led to increasingly rising rivers, streams and lakes this week, as communities “raced to protect from water inundation,” Impact Forecasting said on Thursday in an Aon cat alert. Financial losses…
Hannover Re Group net income down 2.4% to 264.8 million euros in 2017 Q1 compared to 2016 Q1
May 10, 2017 by Canadian UnderwriterGroup net income for Hannover Re contracted to 264.8 million euros in the first quarter of 2017, but was in line with the prior-year quarter’s exceptionally good results, positioning the reinsurer well for achieving its financial targets this year. Group…
Documents show many cities are wary of mapping flood risks, making data public
May 9, 2017 Jordan Press - THE CANADIAN PRESSOTTAWA – When municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability…
Flooding in Ontario and Quebec in April and May estimated to cost “well into the millions” in U.S. dollars: Aon Benfield
May 9, 2017 by Canadian UnderwriterFlooding in multiple communities in southern Ontario and Quebec in April and into May is estimated to cost “well into the millions of dollars (USD)” in economic losses, Impact Forecasting said on Tuesday in its Global Catastrophe Recap report for…
Portions of south, central interior B.C. remain under evacuation alert or order after recent flooding
May 8, 2017 by Canadian UnderwriterAreas in the south and central interior of British Columbia remain under evacuation alert or evacuation order after recent flooding events and there is potential for increased snowmelt and further precipitation and flooding next week, the provincial Ministry of Transportation…
Quebec says high water levels across province to peak by Wednesday
May 8, 2017 The Canadian PressMONTREAL – Quebec’s public security minister is saying water levels across the province are expected to peak between today and Wednesday. Martin Coiteux says authorities expect the water to start receding by mid-week. Heavy rains and melting snowpack across Quebec…
Heavy rain likely to cause new or more flooding in Quebec and Ontario
May 5, 2017 Michelle McQuigge - THE CANADIAN PRESSPersistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching…
U.S. Midwest floods linger as officials warn of floodwater risks
May 4, 2017 Jim Salter - THE ASSOCIATED PRESSST. LOUIS – River levels are falling Thursday after record and near-record flooding in parts of the Midwest, but the crisis is far from over. Officials have not said when hundreds of residents displaced from flooded properties in suburban St.…
More than 220 evacuated from homes after Gatineau flooding
May 4, 2017 by Canadian UnderwriterHundreds of people in Gatineau, Que. have been evacuated from their homes after heavy rainfall caused flooding. The City of Gatineau said in a statement that as of early Thursday morning, 223 people and 130 homes had been voluntarily evacuated.…
Public security minister preaches patience as Quebec towns deal with flooding
May 3, 2017 The Canadian PressMONTREAL – Quebec’s public security minister asked flood-stricken communities to be patient on Tuesday as forecasts called for more rain this week. Numerous Quebec municipalities that border streams and rivers are dealing with floods as heavy precipitation and mild temperatures…
Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns
May 2, 2017 Greg Meckbach, Associate EditorInsurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”…