Keyword
home damage
More than 200,000 homes in Texas at potential risk of storm surge damage from Hurricane Harvey: CoreLogic
August 25, 2017 by Canadian UnderwriterMore than 200,000 homes along the coast of Texas with a reconstruction cost value (RCV) of approximately US$39.6 billion are at potential risk of storm surge damage from Hurricane Harvey, CoreLogic suggested late Thursday. Irvine, Calif-based CoreLogic, a global property…
Saskatoon thunderstorm estimated to cost over US$30 million, floods and convective storms cost global economy US$5 billion in June: Aon Benfield
July 6, 2017 by Canadian UnderwriterA thunderstorm over Saskatoon on June 2 that spawned ping pong ball-sized hail is estimated to cost more than US$30 million, Aon Benfield said in its Global Catastrophe Recap report for the month of June. The fast-developing thunderstorm caused the…
Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia
June 30, 2017 by Canadian UnderwriterInsured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to…
Ottawa sends military aid to help displaced residents of flooded N.L. town
May 24, 2017 The Canadian PressHAPPY VALLEY-GOOSE BAY, N.L. – Ottawa is sending military assistance to help the displaced residents of a flood-ravaged town in central Labrador. Public Safety Minister Ralph Goodale says the federal government is stepping in to respond to the severe flooding…
Storms pummel central U.S., as tornadoes kill at least two
May 17, 2017 The Associated Press (APR)ELK CITY, Okla. – Storms whipped through a wide swath of the central U.S., forming tornadoes that flattened a Wisconsin mobile home park and an Oklahoma subdivision and killing at least two people and injuring dozens of others. The storms…
Q1 claims and claims expense ratio improved 5.6 points for Allstate
May 10, 2017 by Canadian UnderwriterFor the second year in a row, hail in Texas in March has cost The Allstate Corp. millions of dollars in claims and claims expenses. Northbrook, Ill.-based Allstate released May 2 its financial results for the first three months of…
Home explodes in DC suburb: ‘It’s just a pile of bricks’
March 20, 2017 The Associated PressROCKVILLE, Md. – A house in a Maryland suburb of the nation’s capital was levelled early Friday by a thunderous explosion heard for miles around, a blast so powerful it shattered windows and caused other damage to several neighbouring homes,…
15 U.S. weather and climate disasters in 2016 caused US$46 billion in damages: NOAA
January 9, 2017 by Canadian UnderwriterThe United States experienced 15 “weather and climate disasters” last year – each with losses exceeding US$1 billion – for a total of US$46 billion, the National Oceanic and Atmospheric Administration (NOAA) reported on Monday. The disasters, which included eight…
Otto enters Pacific after devastation, 4 dead in Costa Rica
November 25, 2016 Luis Manuel Galeano - THE ASSOCIATED PRESSMANAGUA, Nicaragua – Tropical Storm Otto killed at least four people in Costa Rica and then headed into the Pacific Ocean Friday after making landfall as the southernmost hurricane on record to hit Central America. Costa Rican President Luis Guillermo…
1.8 million homes in 13 western states at extreme or high risk of wildfire damage: CoreLogic
October 26, 2016 by Canadian UnderwriterNearly two million homes in 13 western states are at an extreme or high risk of wildfire damage, according to a new report from CoreLogic, Inc. CoreLogic, a global property information, analytics and data-enabled solutions provider, said on Wednesday that…
North Carolina buildings take $1.5B hit from Matthew floods
October 17, 2016 Jonathan Drew - THE ASSOCIATED PRESSRALEIGH, N.C. – Flooding spawned by Hurricane Matthew has caused $1.5 billion in damage to 100,000 homes, businesses and government buildings in North Carolina, according to a state estimate. The figure released late Saturday represents one of the first detailed…
California heat wave intensifies wildfire threatening homes
September 27, 2016 Noah Berger and Kristin J. Bender - THE ASSOCIATED PRESSMORGAN HILL, Calif. – A heat wave stifling drought-stricken California worsened a wildfire Tuesday that burned buildings and forced people from their homes in remote communities along the Santa Cruz Mountains. The blaze in a rugged area about 30 miles…