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Keyword
flooding


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Storm floods vineyards, forces evacuations in Calif., Nevada

January 9, 2017 Ellen Knickmeyer - THE ASSOCIATED PRESS

FORESTVILLE, Calif. – A massive storm system stretching from California into Nevada lifted rivers climbing out of their banks, flooded vineyards and forced people to evacuate after warnings that hillsides parched by wildfires could give way to mudslides. Northern California’s

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Global warming’s fingerprints seen in 24 weird weather cases

December 16, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – A new scientific report finds man-made climate change played some role in two dozen extreme weather events last year but not in a few other weird weather instances around the world. An annual report released Thursday by the

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Chance of “moderate to major flooding” in some locations in Manitoba, report says

December 13, 2016 by Canadian Underwriter

There is a chance of “moderate to major flooding” in some locations in Manitoba, according to the 2016 Fall Conditions Report from Manitoba Infrastructure. The report, released on Tuesday, indicates high levels of soil moisture at freeze-up in the western

News CatastrophesInsuranceMergers and Aqcuisitions

Cost for Cape Breton flood damage could surpass $15 million: minister

December 9, 2016 The Canadian Press

HALIFAX – The estimated cost for damage caused by the Thanksgiving Day floods in Cape Breton could exceed $15 million, says the Nova Scotia government. Zach Churchill, minister responsible for the Emergency Management Office, said Thursday the total could run

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Losses from Desmond floods in U.K. estimated at £604 million: PERILS

December 5, 2016 by Canadian Underwriter

The fourth and final insured property market loss estimate flowing from U.K. flooding in the wake of storm Desmond in late 2015 is £604 million, reports PERILS AG. Desmond and other low-pressure systems caused effects over a three-week period from

News CatastrophesInsuranceMergers and Aqcuisitions

Death toll in storms sweeping southern U.S. increases to five

November 30, 2016 Bill Fuller and Rebecca Yonker - THE ASSOCIATED PRESS

Possible tornadoes swept through parts of Alabama and Tennessee overnight, killing five people and injuring more than a dozen as heavy rains from storms moving across the South produced flooding in areas previously suffering from months of drought. Possible tornadoes

News CatastrophesInsuranceMarkets / CoveragesReinsurance

Extreme weather events can be modelled as “independent” by global reinsurers, Lloyd’s and Met Office study confirms

November 28, 2016 by Canadian Underwriter

Extreme weather events can be modelled as “independent” by global reinsurers when assessing many of their key aggregate risks around the world, confirmed a new report from Lloyd’s, the world’s only specialist insurance and reinsurance market, and the Met Office,

News CatastrophesInsuranceMergers and Aqcuisitions

Otto enters Pacific after devastation, 4 dead in Costa Rica

November 25, 2016 Luis Manuel Galeano - THE ASSOCIATED PRESS

MANAGUA, Nicaragua – Tropical Storm Otto killed at least four people in Costa Rica and then headed into the Pacific Ocean Friday after making landfall as the southernmost hurricane on record to hit Central America. Costa Rican President Luis Guillermo

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Ottawa preparing to build new houses on flooded out Manitoba First Nation

November 24, 2016 The Canadian Press

LAKE ST. MARTIN, Man. – Five years after nearly 2,000 residents were forced to leave their homes due to extensive flooding, Indigenous and Northern Affairs Canada (INAC) has put out a bid for tenders to build 150 new houses at

News CatastrophesClimate ChangeInsurance

2016 set to be hottest year on record: World Meteorological Organization

November 14, 2016 by Canadian Underwriter

2016 is “very likely” to be the hottest year on record, with global temperatures even higher than the record-breaking temperatures in 2015, according to an assessment by the World Meteorological Organization (WMO), the United Nation’s agency on weather, climate and

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insurance rates decrease continued to moderate for third quarter in a row: Marsh

November 11, 2016 by Canadian Underwriter

The third quarter of 2016 marked the third consecutive quarter that the rate of decline for global insurance rates has moderated by weighted average, Marsh notes in its newly released Global Insurance Market Index Q3 – 2016. Pointing out that

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