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Was Atlantic winter storm 2018’s first cat event?

January 16, 2018 by Jason Contant

A winter storm that caused storm surges and extensive power outages in Atlantic Canada in early January may not have been a catastrophe event, but it was definitely significant, Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter Monday. CatIQ

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Five Canadian cats in first half of 2017 led to $438 million in insured losses: Property Claim Services

August 9, 2017 Jason Contant, Online Editor

Five catastrophe events in Canada led to $438 million in insured losses in the first half of this year, according to the PCS H1 2017 Catastrophe Review, released on Wednesday. “Unsurprisingly, insured losses from PCS-designated events in Canada fell dramatically

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

2016 insured losses for Canadian cats reached about $4.9 billion last year – 10 times more severe than 2015: PCS

March 7, 2017 by Canadian Underwriter

Insured losses from catastrophe events in Canada reached about $4.9 billion last year, nearly 10 times more severe than 2015, the quietest Canadian catastrophe year on record, according to Property Claim Services’ (PCS) full-year 2016 review. In 2016, PCS designated

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Fort McMurray wildfire accounts for 98% of H1 insured cat losses in Canada, 29% of PCS-designated North American losses

August 31, 2016 by Canadian Underwriter

The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the

News CatastrophesInsuranceMergers and Aqcuisitions

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,