Keyword
flooding
Desjardins General Insurance Group reports combined ratio of 62.1% for the fourth quarter of 2016, down 25.9 points from Q4 2015
February 28, 2017 by Canadian UnderwriterDesjardins General Insurance Group (DGIG), a Desjardins Group subsidiary specializing in property and casualty insurance, has announced a combined ratio excluding market yield adjustment (MYA) of 62.1% for the fourth quarter of 2016, down 25.9 percentage points from 88% in…
Storm-lashed California roads, dams could cost US$1B to fix
February 27, 2017 Scott Smith - THE ASSOCIATED PRESSFRESNO, Calif. – The bill to repair California’s crumbling roads, dams and other critical infrastructure hammered by an onslaught of storms this winter could top $1 billion, including nearly $600 million alone for damaged roadways that more than doubles what…
RSA Canada posts solid underwriting profit despite nat-Cat events in 2016
February 24, 2017 by Angela StelmakowichRSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re…
Evacuations ordered amid heavy Northern California rain
February 21, 2017 Kristin J. Bender - THE ASSOCIATED PRESSSAN FRANCISCO – Evacuations were ordered in Northern California on Monday and flash-flood warnings were issued elsewhere as downpours swelled creeks and rivers to potentially dangerous levels in the already soggy region. A levee break along the San Joaquin River…
Powerful storm enters California and brings risk of flooding
February 17, 2017 John Antczak - THE ASSOCIATED PRESSLOS ANGELES – The leading edge of a powerful Pacific storm entered southern and central California early Friday, bringing rains that forecasters said could become the strongest in years if not decades. With the storm feeding on an atmospheric river…
Northern Nevada braces for more flooding Thursday and beyond
February 16, 2017 Scott Sonner - THE ASSOCIATED PRESSRENO, Nev. – Northern Nevada officials still assessing millions of dollars in damage from the latest round of flooding braced Tuesday for another series of wet storms that could swamp parts of the state again into next week. “Wednesday is…
U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield
February 9, 2017 by Canadian UnderwriterMajor severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across…
Storm knocks out power, closes schools in parts of Atlantic Canada
January 26, 2017 The Canadian PressFREDERICTON – More than 80,000 customers were still without power in many parts of New Brunswick early Thursday after a blustery mix of freezing rain, ice pellets and strong winds moved through the Maritimes. NB Power said at the height…
Georgia’s insurance commissioner estimates US$100 million in property damage from storms
January 25, 2017 by Canadian UnderwriterGeorgia’s insurance commissioner is estimating US$100 million in property damage from storms and tornadoes that devastated parts of the state and resulted in at least 15 deaths. Commissioner Ralph T. Hudgens said in a press release issued Wednesday that “hundreds”…
Red River Basin Commission warns of flood season this year in Manitoba
January 24, 2017 The Canadian PressWINNIPEG – The Red River Basin Commission is warning Manitobans living along the Red River to prepare for a flood season. Manitoba RRBC director Steve Strang says while there is a good possibility of flooding, it is hard to predict…
California governor declares states of emergency in 50 counties following severe winter storms
January 24, 2017 by Canadian UnderwriterCalifornia Governor Edmund G. Brown Jr. has declared states of emergency in about 50 counties following severe winter storms across the state. On Monday, Brown issued two emergency proclamations to secure funding to help communities respond to and recover from…
Economic losses from nat cat events in 2016 total US$210 billion, the highest loss amount in four years: Aon Benfield
January 17, 2017 by Canadian UnderwriterThree hundred and fifteen natural catastrophe events in 2016 generated economic losses of US$210 billion, the highest loss amount in four years and 21% above the 16-average of US$174 billion, according to Aon Benfield’s 2016 Annual Global Climate and Catastrophe…