For the Canadian P&C insurance industry, Cat activity roared in like a lion in January, but has looked more like a kitten since then. Two winter storms in Western Canada caused more than $134 million in insured damage, based on…
MONTREAL – Hundreds of thousands of people are still without power in southern Quebec after the region was hit freezing rain and strong winds. Quebec-Hydro says the storm Monday caused branches and trees to come in contact with their network,…
A combination wind shear and turbulence was one factor in a 2016 incident in Quebec in which a pilot had “temporary difficulty” controlling a Dash 8 below 2,000 feet, the Transportation Safety Board of Canada said in a recent investigation…
Major 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…
FREDERICTON – 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…
ST. LOUIS – A thick glaze of ice covered roads from Oklahoma to southern Illinois on Friday amid a winter storm that caused numerous wrecks, forced cancellation of schools, grounded flights and prompted dire warnings for people to stay home.…
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…
The cost of insured damage caused by the ice storm that swept through southern Ontario between March 23 and 26 is estimated at more than $25 million, according to preliminary estimates provided by Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ…
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…