Keyword
Hail
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,…
Louisiana floods to cost U.S. economy between US$10-15 billion: Aon Benfield’s Impact Forecasting
September 8, 2016 by Canadian UnderwriterThe 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…
Estimated $66 million in insured damage from severe summer storms in southern Prairies: IBC, CatIQ
September 8, 2016 by Canadian UnderwriterRecent 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…
Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan
August 24, 2016 by Canadian UnderwriterA 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…
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 UnderwriterTotal 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…
Nearly $90 million in insured losses from Western Canada thunderstorm system: PCS
August 15, 2016 by Canadian UnderwriterInsured 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…
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 PRESSIt’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…
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 UnderwriterAlberta’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…
Severe summer storm in southern Ontario causes $30 million in insured damage: CatIQ
August 10, 2016 by Canadian UnderwriterA 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…
Tornado causes damage on Manitoba reserve, but no injuries reported
August 9, 2016 The Canadian PressWAYWAYSEECAPPO 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…