Keyword
floods
Canadian Underwriter and Swiss Re team up for webinar on Canadian flood risk
November 23, 2016 by Canadian UnderwriterCanadian Underwriter and Swiss Re have teamed up to host a live webinar, titled The Road to Flood Resilience in Canada, reflecting on natural hazards throughout the country and what Canada can expect for the future. The free webinar, scheduled…
Thanksgiving floods in Atlantic Canada caused more than $100 million in insured damage: CatIQ
November 18, 2016 by Canadian UnderwriterA tropical moisture system resulting from Hurricane Matthew that swept through Atlantic Canada last month has resulted in over $100 million in insured damage, according to Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ). A cold front interacting with Matthew’s tropical…
Windsor floods spur insured damage of almost $108 million to date: IBC
November 2, 2016 by Canadian UnderwriterFlooding affecting the Windsor and Tecumseh areas in southwestern Ontario is estimated to have caused almost $108 million in insured damage as of Sept. 30, Insurance Bureau of Canada (IBC), citing figures from Catastrophe Indices and Quantification Inc., reported Wednesday.…
North Carolina buildings take $1.5B hit from Matthew floods
October 17, 2016 Jonathan Drew - THE ASSOCIATED PRESSRALEIGH, N.C. – Flooding spawned by Hurricane Matthew has caused $1.5 billion in damage to 100,000 homes, businesses and government buildings in North Carolina, according to a state estimate. The figure released late Saturday represents one of the first detailed…
Business interruption payouts should be based on historic results even in post-disaster economy: AEIC speaker
October 11, 2016 by Angela StelmakowichThe Fort McMurray wildfire will likely raise questions about the basis for business interruption (BI) insurance payouts in a post-catastrophe economy, but historic results are the best indication of what otherwise would have occurred, Emily Stock argued during the 43rd…
Communities in southwestern Ontario beginning to dry up after floods
October 3, 2016 The Canadian PressWINDSOR, Ont. – Days after floods ripped through the southwestern Ontario city of Windsor and the neighbouring town of Tecumseh, residents are starting to pick up the pieces. Environment Canada said rain was pouring down in the communities from Wednesday…
Reinsurance disputes and CBI exposures possible after North American wildfires and Louisiana floods: CMS lawyer
September 2, 2016 by Canadian UnderwriterA year of fire and floods in North America could lead to a repeat of 2007, when reinsurance disputes emerged over causation issues, a lawyer with global law firm CMS said on Friday. Alex Denslow, a partner with the Insurance…
More than 1,000 rescued in Louisiana floods; 2 dead
August 13, 2016 Bill Fuller, Melinda Deslatte and Michael Kunzelman - THE ASSOCIATED PRESSNEW ORLEANS – National Guard soldiers and other officials in boats and helicopters plucked more than 1,000 people from their homes and cars as “unprecedented, historic” flooding swamped Louisiana, the governor said Saturday, warning that the slow-moving storm would dump…
France creates emergency fund for people affected by floods
June 6, 2016 The Associated PressPARIS – France is setting up an emergency fund to help those who lost everything after the worst floods in three decades caused the Seine River to burst its banks. Prime Minister Manuel Valls said Monday after a government meeting…
Floods in Texas, Kansas leave at least 6 dead, 2 missing
May 30, 2016 Michael Graczyk - THE ASSOCIATED PRESSHOUSTON – Authorities in central Texas have found two more bodies along flooded streams, bringing the death toll from flooding in the state to six. It was unclear Sunday whether a body found in Travis County near Austin is one…
Canada must work to be better-prepared for natural disasters: IBC’s Forgeron
May 18, 2016 by Canadian UnderwriterCanada needs a “thoughtful, sustainable approach” to address losses associated with severe weather, including floods and fires that are expected to become a growing problem in future, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested in…