Canadian Underwriter

Keyword
heavy rain


News InsuranceMarkets / CoveragesTechnology

TSB reiterates call for 300-metre runway end safety areas

May 17, 2017 by Canadian Underwriter

The Transportation Safety Board of Canada reiterated Tuesday a warning that airplane passengers and crew are at risk of injury because not all Code 4 runways at Canadian airports have a 300-metre runway end safety area. TSB – a separate

News CatastrophesInsuranceMergers and Aqcuisitions

Flooding expected to be ‘unlike anything ever seen,’ warns Kelowna mayor

May 12, 2017 The Canadian Press

VANCOUVER – British Columbia’s Okanagan region is bracing for a storm that Kelowna’s mayor worries could unleash the worst flooding the region has ever seen. Mayor Colin Basran posted a Facebook statement describing expected water levels as “unlike anything we

News CatastrophesInsuranceMergers and Aqcuisitions

Heavy rain likely to cause new or more flooding in Quebec and Ontario

May 5, 2017 Michelle McQuigge - THE CANADIAN PRESS

Persistent, steady rains soaking swaths of central and eastern Canada that have already endured record precipitation levels threatened to trigger widespread flooding Friday and put residents and governments on high alert. Environment Canada said a massive system is slowly drenching

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsProducts

Majority of polled Canadians unaware of flood risks and responsibilities, half would not consider purchasing overland flood coverage: survey

May 5, 2017 by Jason Contant

Homeowners in Canada lack awareness of flood risk and the protection options available to them to reduce that risk, suggests a new study from researchers at the Interdisciplinary Centre on Climate Change and Partners for Action research network at Ontario’s

News CatastrophesInsuranceMergers and Aqcuisitions

U.S. Midwest floods linger as officials warn of floodwater risks

May 4, 2017 Jim Salter - THE ASSOCIATED PRESS

ST. LOUIS – River levels are falling Thursday after record and near-record flooding in parts of the Midwest, but the crisis is far from over. Officials have not said when hundreds of residents displaced from flooded properties in suburban St.

News CatastrophesInsuranceMergers and Aqcuisitions

PERILS discloses second property loss estimate of 234 million euros for extratropical cyclone Egon

April 12, 2017 by Canadian Underwriter

PERILS AG has disclosed its second loss estimate of 234 million euros for extratropical cyclone Egon, which affected France and Germany on Jan. 12 and 13 of this year. The cold front associated with Egon resulted in heavy rain and

News CatastrophesInsuranceMergers and Aqcuisitions

Insured losses from Cyclone Debbie reach AU$306 million: Insurance Council of Australia

April 4, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) has estimated insured losses to date from Tropical Cyclone Debbie at AU$306 million from 28,000 claims. ICA estimated the insured losses as of 9 a.m. on Tuesday. It also warned in a press release

News CatastrophesInsuranceMergers and Aqcuisitions

Cyclone Debbie barrels into Australia with damaging winds, flooding rain: AIR

March 29, 2017 by Canadian Underwriter

Australia is experiencing its most powerful storm since 2011, as Cyclone Debbie roared ashore in Queensland, Australia as a Category 4 storm shortly after noon on Tuesday. Catastrophe modelling firm AIR Worldwide said that Cyclone Debbie struck Airlie Beach as

News CatastrophesInsurance

Landslide alert issued in same B.C. community where four were killed in 2012

March 28, 2017 The Canadian Press

JOHNSONS LANDING, B.C. – A tiny British Columbia community where four people were killed in a landslide almost five years ago has been warned of another possible slide. An evacuation alert has been issued for residents of Johnsons Landing on

News CatastrophesInsuranceMergers and Aqcuisitions

PERILS puts initial loss estimate for extra-tropical cyclone Egon at 212 million euros

February 23, 2017 by Canadian Underwriter

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has put the initial loss estimate for extra-tropical cyclone Egon at 212 million euros. The low pressure system associated with Egon developed as a secondary low from a large

News CatastrophesClimate ChangeConstructionInsuranceMarkets / Coverages

Two U.S. dams illustrate challenge of maintaining older designs

February 22, 2017 Michael R. Blood - THE ASSOCIATED PRESS

LOS ANGELES – Twelve years ago, widespread destruction from Hurricane Katrina on the Gulf Coast helped compel federal engineers 2,000 miles away in California to remake a 1950s-era dam by constructing a massive steel-and-concrete gutter that would manage surging waters

News CatastrophesInsuranceMergers and Aqcuisitions

Evacuations ordered amid heavy Northern California rain

February 21, 2017 Kristin J. Bender - THE ASSOCIATED PRESS

SAN FRANCISCO – Evacuations were ordered in Northern California on Monday and flash-flood warnings were issued elsewhere as downpours swelled creeks and rivers to potentially dangerous levels in the already soggy region. A levee break along the San Joaquin River