FORT MCMURRAY, Alta. – The huge wildfire that tore through parts of Fort McMurray and northeastern Alberta is classified as being held for the first time since it became out of control in early May. Wildfire information officer Lynn Daina…
Non-profit organizations need to be prepared for natural disasters so they can help deliver public services, speakers suggested Tuesday at the World Conference on Disaster Management. From research conducted after the floods in affecting southern Alberta in 2013, the Calgary…
Global disasters in May led to at least US$7 billion in claims, including anticipated insured losses in excess of US$3.1 billion from the Fort McMurray wildfire, according to Aon Benfield’s Global Catastrophe Recap for May. The Global Catastrophe Recap report,…
OTTAWA – Bank of Canada governor Stephen Poloz says it’s hard to predict when the Canadian economy will rebound from the huge Alberta wildfire that destroyed communities and forced the shut down of crucial oil operations. For Poloz, part of…
The Fort McMurray wildfire remains out of control, but has not seen any significant growth over the past 48 hours and is nearly 50% contained, the government of Alberta said in a statement on Thursday. It is estimated to cover…
The massive Fort McMurray wildfire is expected to cost the Canadian insurance industry $4.6 billion, according to data from Property Claim Services (PCS), a Verisk Analytics business. The loss estimate of $4,630,800,000 includes property damage losses under residential, commercial and…
FORT MCMURRAY, Alta. – Residents returning to their homes in Fort McMurray are tackling stinking refrigerators and grass grown tall and infested with dandelions as the fire-scarred city slowly springs back to life. A steady stream of traffic is moving…
The Government of Alberta, in partnership with the Regional Municipality of Wood Buffalo (RMWB), is moving forward on initial steps to support small- and medium-sized businesses in their re-entry with a small business support centre. Government has also confirmed its…
Verisk Insurance Solutions announced on Thursday that it is expanding its FireLine wildfire risk management service to include the provinces of Alberta and British Columbia. FireLine, which is well-established in the western United States, enables property-specific assessment of wildfire risk…
The 2016 wildfire season in Canada has already greatly surpassed the average hectares burned in recent years, even excluding the massive Fort McMurray wildfire, attendees to the 2016 Canadian Insurance Financial Forum (CIFF) heard on Wednesday. Carolyn Rennie, managing director…
CALGARY – Alberta oilsands workers forced to flee the ferocious Fort McMurray wildfire are returning to begin the tricky process of restarting their projects in northern Alberta, reassured by colder weather and a forecast of rain. In a Tuesday morning…
The Co-operators General Insurance Company has estimated that the Fort McMurray wildfire will cost it between $70 million and $90 million. While access to the affected area remains restricted, The Co-operators’ preliminary estimate indicated that the after-tax cost of the…