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Tale of two summers: Farmers deal with drought in the east, rain on the prairies

August 11, 2016 Ian Bickis and Peter Goffin -THE CANADIAN PRESS

It’s a tale of two summers this year in Canada, with rain – and the lack of it – causing concerns about the state of the country’s crops. In Ontario, officials are forecasting a strong fruit harvest but add that

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Nearly 1,300 new hail claims created last week in Alberta, more than 3,000 waiting for an inspector: Agriculture Financial Services Corporation

August 11, 2016 by Canadian Underwriter

Alberta’s Agriculture Financial Services Corporation (AFSC) said on Wednesday 1,289 new hail claims were created last week, while 3,089 hail claims are currently waiting for an inspector. AFSC, the Crown corporation with a private sector board of directors that provides

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Severe summer storm in southern Ontario causes $30 million in insured damage: CatIQ

August 10, 2016 by Canadian Underwriter

A severe summer storm that swept through southern Ontario during the second week of July has resulted in more than $30 million in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ, which delivers detailed analytical and meteorological

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Tornado causes damage on Manitoba reserve, but no injuries reported

August 9, 2016 The Canadian Press

WAYWAYSEECAPPO FIRST NATION, Man. – There were no reports of injuries but seven homes were damaged on a First Nation when a severe storm hit southern Manitoba on Monday. Environment Canada confirmed four tornadoes touched down in the region, including

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Worst flooding since 1998 leaves US$33 billion economic toll in China: Aon’s Impact Forecasting

August 4, 2016 by Canadian Underwriter

Flooding in China in July caused an estimated US$33 billion in economic losses, but claims payouts represented less than 2% of the cost, according to Impact Forecasting’s monthly Global Catastrophe Recap. The report from Impact Forecasting, Aon Benfield’s catastrophe model

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Alberta storm event in late June cost an estimated $70 million in insured property damage: PCS Canada

July 25, 2016 by Canadian Underwriter

A storm event with flooding, hail and wind from June 28 to June 30 in Alberta has cost an estimated $70,440,000 in insured property damage, according to a catastrophe bulletin from Property Claim Services (PCS) Canada. According to the bulletin,

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Q2 catastrophe losses up 50.6% for Travelers after hail, wildfires

July 21, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported Thursday its combined ratio deteriorated 2.3 points, it renewed July 1 a property catastrophe reinsurance contract for Canada covering losses between $200 and $600 million (plus 50% of losses over $100 million), and that it

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Nasty weather, including possible tornado, hits south central Saskatchewan

July 20, 2016 by Canadian Underwriter

DAVIDSON, Sask. – Parts of south-central Saskatchewan have been hammered with hail, heavy rain and even a twister. During a public alert issued Tuesday night, Environment Canada said a tornado had been reported touching down in a rural area near

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June storms in Ontario and Prairies cost about $34 million in insured damage: CatIQ

July 19, 2016 by Canadian Underwriter

The storms that hit Saskatchewan, Manitoba and Ontario on June 24 and 25 caused more than $34 million in insured damage, according to estimates from Catastrophe Indices and Quantification Inc. (CatIQ). A press release issued on Tuesday by the Insurance

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2016 hail season one of the most severe in Texas history, with nearly US$700 million in estimated losses: CoreLogic

July 12, 2016 by Canadian Underwriter

The 2016 hail season in Texas is already one of the most severe in the state’s history, with year-to-date results reaching the nine-year average for hail storm damage in the United States, according to CoreLogic, Inc., a global property information,

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U.S. insurers paid US$5.37 billion in total hail claims for 2008-14; 2011 and 2014 costliest years

June 13, 2016 by Canadian Underwriter

The years of 2011 and 2014 were the costliest years for hail-related vehicle claims in the United States during a 2008-14 study period, with losses concentrated in the country’s midsection, according to an updated analysis by the Highway Loss Data

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Global economy suffers worst natural disaster losses in April in five years: Aon Benfield report

May 5, 2016 by Canadian Underwriter

The global economy suffered the worst natural disaster losses in April in five years, according to Impact Forecasting’s Global Catastrophe Recap for the month. Between April 14 and 16, two major earthquakes struck Japan within 24 hours, causing massive devastation,