Canadian Underwriter

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flooding


News CatastrophesInsuranceMergers and Aqcuisitions

Global economy suffers worst natural disaster losses in April in five years: Aon Benfield report

May 5, 2016 by Canadian Underwriter

The global economy suffered the worst natural disaster losses in April in five years, according to Impact Forecasting’s Global Catastrophe Recap for the month. Between April 14 and 16, two major earthquakes struck Japan within 24 hours, causing massive devastation,

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Property Claim Services declares two cat events in Canada in Q1 2016

May 4, 2016 by Canadian Underwriter

Property Claim Services (PCS) declared two catastrophe events in Canada in the first quarter of 2016, the first time the company has designated a first-quarter event in the country since 2011. The first event, a winter storm, is still under

News AssociationsCatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Third Texas hail storm in less than a month could push state’s year-to-date damage beyond nine-year average for U.S.: A.M. Best

April 25, 2016 by Canadian Underwriter

Texas’s third major hail storm in less than a month on Apr. 11 could push the state’s damage so far this year to beyond the nine-year average of US$1.2 billion for the whole of the United States, notes a report

News Catastrophes

Dams collapse from floods in Yemen, at least 16 dead

April 15, 2016 Ahmed Al-Haj - THE ASSOCIATED PRESS

SANAA, Yemen — Heavy rainfall in several parts of Yemen has caused widespread flooding that killed at least 16 people and caused the collapse of small dams, including two in Hajja and Omran provinces north of the capital, Sanaa, security officials

News CatastrophesInsuranceMergers and Aqcuisitions

Sea level changes, coastal erosion and storm surge flooding key concerns for many parts of Canada: federal government report

April 14, 2016 by Canadian Underwriter

Sea level changes will vary greatly across Canada this century and beyond, and these changes, together with coastal erosion and storm surge flooding, represent key concerns for many areas, according to a report released earlier this week by Natural Resources

News CatastrophesInsurance

Total economic losses from March winter storm in Ontario and Quebec estimated at $130 million: Impact Forecasting

April 6, 2016 by Canadian Underwriter

Total economic losses from a winter storm in Ontario and Quebec in March were estimated to approach $130 million (US$100 million), while insurers anticipated losses well into the tens of millions in U.S. dollars, according to Impact Forecasting’s Global Catastrophe

News CatastrophesInsuranceMergers and Aqcuisitions

Severe weather moves east toward Carolinas after tornadoes

April 1, 2016 Jonathan Landrum Jr. - THE ASSOCIATED PRESS

ATLANTA – A severe weather system moved east toward the Carolinas on Friday after setting off tornadoes that swirled through Louisiana, Mississippi and Alabama. Tornadoes and isolated winds are possible through mid-afternoon Friday, according to the National Weather Service. Nearly

News CatastrophesInsuranceMergers and Aqcuisitions

7 hurt, homes, businesses damaged after tornado in Oklahoma

March 31, 2016 The Associated Press

TULSA, Okla. – At least seven people were injured after severe storms spawned multiple tornado touchdowns in northeastern Oklahoma, damaging homes and businesses, authorities said. National Weather Service meteorologist Amy Jankowski said a tornado touched down and lifted up numerous

News CatastrophesInsuranceMergers and Aqcuisitions

N.B. public safety department issues warning about ice jams, associated flooding

March 28, 2016 by Canadian Underwriter

New Brunswick’s Department of Public Safety is warning about the potential for ice jams and associated flooding along the St. John River and other river systems in the province. The Department of Public Safety said in a bulletin on Monday