Canadian Underwriter

Keyword
Hail


News CatastrophesInsuranceMergers and Aqcuisitions

Flooding and damaging winds most destructive U.S. natural hazards in 2016: CoreLogic

January 26, 2017 by Canadian Underwriter

Natural hazard activity in the United States in 2016 was “relatively average or below average,” with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew, CoreLogic, Inc. said on Thursday.

News CatastrophesInsuranceMergers and Aqcuisitions

More tornadoes ahead as death toll reach 15 in southeast U.S.

January 23, 2017 Pamela Sampson - THE ASSOCIATED PRESS

ATLANTA – A weekend of deadly weather in the Southeast killed 15 people and injured dozens more, authorities said Sunday, while residents along the Georgia-Florida line were bracing for more intense, fast-moving storms – including unusually strong “long track” twisters.

News CatastrophesClimate ChangeConstructionEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ

January 6, 2017 by Canadian Underwriter

Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the

Feature CatastrophesInsuranceReinsurance

Beyond Fort Mac

January 1, 2017 Tom Johansmeyer, Assistant Vice President, PCS Strategy and Development; and Ted Gregory, Director of PCS Operations, Verisk Insurance Solutions

Property Claim Services Canada has designated nine catastrophe events in Canada in 2016. Though most of the $4.9 billion insured loss arose from the Alberta wildfires, the data indicates hail and thunderstorms events are becoming more severe.

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. homeowner claims decreasing, loss costs on the decline, LexisNexis Risk Solutions study finds

October 27, 2016 by Canadian Underwriter

Homeowner claims in the United States continue to decrease and loss costs are flat or on the decline, according to a new report from LexisNexis Risk Solutions. 2016 LexisNexis Home Trends Report, the inaugural study of home insurance trends released

News CatastrophesInsuranceMergers and Aqcuisitions

Moose Jaw, Sask. storm in July results in more than $71 million in insured damage, CatIQ reports

October 25, 2016 by Canadian Underwriter

A severe storm that swept through Moose Jaw, Sask. during the third week of July has resulted in more than $71 million in insured damage, according to Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and meteorological information

News CatastrophesInsuranceMergers and Aqcuisitions

Intact estimates $170 million in cat losses for third quarter of 2016

October 4, 2016 by Canadian Underwriter

Intact Financial Corporation (IFC) has announced estimated catastrophe losses, net of reinsurance, of approximately $170 million on a pre-tax basis for the third quarter of 2016. The estimate equates to about $124 million or $0.95 per share for the quarter,

News CatastrophesInsuranceMarkets / Coverages

Louisiana floods to cost U.S. economy between US$10-15 billion: Aon Benfield’s Impact Forecasting

September 8, 2016 by Canadian Underwriter

The recent flooding in Louisiana is expected to cost the economy of the United States between US$10 billion and US$15 billion, with public and private insured losses expected in the low-digit single billions, according to Aon Benfield’s latest Global Catastrophe

News CatastrophesInsuranceMergers and Aqcuisitions

Estimated $66 million in insured damage from severe summer storms in southern Prairies: IBC, CatIQ

September 8, 2016 by Canadian Underwriter

Recent severe storms that swept through the southern Prairies – producing heavy rainfall, large hail, high winds, tornadoes and extreme lightning – are estimated to result in insured damage topping $66 million. The damage estimate released by Insurance Bureau of

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan

August 24, 2016 by Canadian Underwriter

A severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and

News CatastrophesInsuranceMergers and Aqcuisitions

Total economic losses from disaster events in H1 2016 up 38% to US$71 billion, insurance industry covered 44%: Swiss Re

August 18, 2016 by Canadian Underwriter

Total economic losses from disaster events in the first half of the year rose by 38% to US$71 billion from the same time last year, primarily due to natural catastrophes, according to preliminary sigma estimates from Swiss Re. Of the

News CatastrophesInsuranceMergers and Aqcuisitions

Nearly $90 million in insured losses from Western Canada thunderstorm system: PCS

August 15, 2016 by Canadian Underwriter

Insured property damage from a thunderstorm system July 18-20 in Western Canada is pegged, in a preliminary estimate, at $89.06 million, Verisk Analytics Inc.’s Property Claims Services unit reported. “In Alberta, thunderstorms brought strong winds, heavy rain and hail primarily