Keyword
Hail
Outbreak of severe convective storms across U.S. Midwest causing widespread damage in Missouri, Iowa and Minnesota: RMS
March 9, 2017 by Canadian UnderwriterAs of March 8, cumulative preliminary tornado, hail and straight-line wind reports in the United States for the year have all been more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s…
Severe weather outbreaks in U.S. in February lead to billion-dollar payout for insurance industry: Aon Benfield
March 8, 2017 by Canadian UnderwriterProlific severe weather outbreaks in the United States lead to an expected billion-dollar payout for the insurance industry as no fewer than five outbreaks of severe weather impacted portions of the country during February, according to Impact Forecasting’s latest Global…
RSA Canada posts solid underwriting profit despite nat-Cat events in 2016
February 24, 2017 by Angela StelmakowichRSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re…
Dozens injured in tornadoes across southern Louisiana
February 8, 2017 Kevin McGill - THE ASSOCIATED PRESSNEW ORLEANS – Brittany Ross remembers she was savoring the smell of her aunt’s simmering white beans when the storm that injured about 40 people in southeastern Louisiana hit. “The place started shaking, kind of twisting,” she said Tuesday as…
2016 sees highest-ever catastrophe insured losses, hail has impact: Rennie
February 1, 2017 by Angela Stelmakowich2016 was a year of records: the largest catastrophe-related insured losses in Canada’s history, the biggest loss for a single Cat and the most hail events in the month of July, Carolyn Rennie, managing director of Catastrophe Indices and Quantification…
Flooding and damaging winds most destructive U.S. natural hazards in 2016: CoreLogic
January 26, 2017 by Canadian UnderwriterNatural 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.…
More tornadoes ahead as death toll reach 15 in southeast U.S.
January 23, 2017 Pamela Sampson - THE ASSOCIATED PRESSATLANTA – 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.…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere 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…
Beyond Fort Mac
January 1, 2017 Tom Johansmeyer, Assistant Vice President, PCS Strategy and Development; and Ted Gregory, Director of PCS Operations, Verisk Insurance SolutionsProperty 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.
U.S. homeowner claims decreasing, loss costs on the decline, LexisNexis Risk Solutions study finds
October 27, 2016 by Canadian UnderwriterHomeowner 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…
Moose Jaw, Sask. storm in July results in more than $71 million in insured damage, CatIQ reports
October 25, 2016 by Canadian UnderwriterA 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…
Intact estimates $170 million in cat losses for third quarter of 2016
October 4, 2016 by Canadian UnderwriterIntact 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,…