Canadian Underwriter

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heavy rains

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Heavy rains lead to water rescues in Kansas City area

August 22, 2017 Jim Suhr - THE ASSOCIATED PRESS

KANSAS CITY, Mo. – Several streets were flooded and blocked off from traffic in the Kansas City area on Tuesday after overnight rains pounded the region, prompting numerous rescues of stranded motorists and others who scrambled to safety atop rooftops.

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Quebec says high water levels across province to peak by Wednesday

May 8, 2017 The Canadian Press

MONTREAL – Quebec’s public security minister is saying water levels across the province are expected to peak between today and Wednesday. Martin Coiteux says authorities expect the water to start receding by mid-week. Heavy rains and melting snowpack across Quebec

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Aon unit pegs economic loss from Matthew at US$15 billion

April 24, 2017 by Canadian Underwriter

Hurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially

News CatastrophesInsuranceMergers and Aqcuisitions

Six Kaslo, B.C., homes still evacuated after slide, order lifted for 41 others

April 19, 2017 The Canadian Press

KASLO, B.C. – The threat of further slides is keeping six families out of their homes in southeastern B.C., but residents of 41 other properties were allowed to return Tuesday night. The Regional District of Central Kootenay downgraded an evacuation

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Officials track slow Washington landslide near 2014 disaster

April 11, 2017 The Associated Press

OSO, Wash. – A slow-moving landslide near the site of a Washington state mudslide that wiped out a neighbourhood and killed 43 people in 2014 has prompted officials to close a state highway as a precaution and recommend evacuations for

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Southern U.S. crop losses from March storm could exceed $1 billion: Aon

April 7, 2017 by Canadian Underwriter

A weather system that brought sub-freezing temperatures to South Carolina and Georgia, as well as heavy rains in Peru were among the catastrophes with economic losses exceeding $1 billion in March, Aon plc’s Impact Forecasting unit reported Friday in its

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Desjardins General Insurance Group reports combined ratio of 62.1% for the fourth quarter of 2016, down 25.9 points from Q4 2015

February 28, 2017 by Canadian Underwriter

Desjardins General Insurance Group (DGIG), a Desjardins Group subsidiary specializing in property and casualty insurance, has announced a combined ratio excluding market yield adjustment (MYA) of 62.1% for the fourth quarter of 2016, down 25.9 percentage points from 88% in

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Powerful storm enters California and brings risk of flooding

February 17, 2017 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – The leading edge of a powerful Pacific storm entered southern and central California early Friday, bringing rains that forecasters said could become the strongest in years if not decades. With the storm feeding on an atmospheric river

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Storm knocks out power, closes schools in parts of Atlantic Canada

January 26, 2017 The Canadian Press

FREDERICTON – More than 80,000 customers were still without power in many parts of New Brunswick early Thursday after a blustery mix of freezing rain, ice pellets and strong winds moved through the Maritimes. NB Power said at the height

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Total economic losses from nat, man-made disasters in 2016 at least US$158 billion: Swiss Re sigma estimate

December 15, 2016 by Canadian Underwriter

Total economic losses from natural and man-made disasters in 2016 were at least US$158 billion, 68% higher than the US$94 billion losses in 2015, according to preliminary Swiss Re sigma estimates released on Thursday. The US$158 billion estimate in total

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Heavy rains and strong winds wreaking havoc in the Maritimes

October 11, 2016 The Canadian Press

HALIFAX – Thousands of homes and businesses across Atlantic Canada were without electricity early Tuesday due to heavy rain and strong winds that lashed the region on Thanksgiving Monday. Environment Canada said much of mainland Nova Scotia had received more

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March heavy rains in New Zealand cost insurers NZ$30 million: ICNZ

August 2, 2016 by Canadian Underwriter

Two days of rain this past March, amounting to 350 mm that caused several rivers to overflow and evacuations to be ordered, has cost insurers NZ$30.2 million dollars, the Insurance Council of New Zealand (ICNZ) reported Monday. “Hundreds of people