Canadian Underwriter

Keyword
power outages


News CatastrophesInsuranceMergers and Aqcuisitions

Wildfires scorch tourist area in Tennessee; thousands flee

November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESS

PIGEON FORGE, Tenn. – Wildfires fueled by high winds roared through parts of the Great Smoky Mountains, burning the doorstep of the Dollywood theme park, destroying a resort and chasing thousands of people from their homes. National Guard troops arrived

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Powerful aftershocks, some as high as magnitude-6.5, strike New Zealand after original M7.8 earthquake: AIR

November 15, 2016 by Canadian Underwriter

Powerful aftershocks have shaken New Zealand since a magnitude-7.8 earthquake struck South Island near Hanmer Springs at 12:02 a.m. local time on Nov. 14, some as strong as magnitude-6.5, AIR Worldwide said on Monday. Although damage has been relatively light,

News CatastrophesInsuranceMarkets / Coverages

At least two dead in 7.8-magnitude New Zealand quake, widespread damage reported

November 14, 2016 by Canadian Underwriter

A powerful magnitude-7.8 earthquake and several large aftershocks struck New Zealand’s South Island in the early morning hours of Monday local time, killing at least two people and injuring several others, Impact Forecasting has reported. The U.S. Geological Survey (USGS)-registered

News CatastrophesInsuranceMergers and Aqcuisitions

Storm knocks out power to many customers in central and eastern Ontario

October 18, 2016 The Canadian Press

COLLINGWOOD, Ont. – Hydro One is reporting thousands of customers without power after intense storms rolled through parts of central and eastern Ontario on Monday. The utility’s website showed more than 10,000 customers without power as of midnight on a

News CatastrophesClimate ChangeConstructionEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Estimated insured losses from Hurricane Matthew for U.S., Caribbean between US$2.8 billion and US$8.8 billion: AIR

October 13, 2016 by Canadian Underwriter

Modelled insured losses from Hurricane Matthew could range from US$2.2 billion to US$6.8 billion for the United States and US$600 million to US$2.0 billion for the Caribbean, notes an estimate issued Thursday by AIR Worldwide. Hurricane Matthew affected the Caribbean

News CatastrophesInsuranceMergers and Aqcuisitions

Cleanup, damage assessment begins in Atlantic Canada after torrential rains

October 12, 2016 The Canadian Press

SYDNEY, N.S. – Communities in Nova Scotia and Newfoundland are facing a costly and lengthy cleanup from widespread flooding damage after a storm brought torrential rain to the region over the long weekend. Premiers in both provinces were scheduled to

News CatastrophesInsuranceMergers and Aqcuisitions

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

News CatastrophesInsuranceMergers and Aqcuisitions

Typhoon Megi kills four in Taiwan, shuts down transport but ‘limited damage reports’

September 27, 2016 by Canadian Underwriter

Typhoon Megi has caused “widespread transport disruption” in Taiwan and left four million people without a water supply but insured building stock in Taiwan is “typically designed to withstand typhoons gusts,” Risk Management Systems Inc. said in a report released

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Insured losses from Hurricane Hermine will likely not exceed US$400 million: RMS

September 19, 2016 by Canadian Underwriter

Global catastrophe risk management firm Risk Management Solutions, Inc. (RMS) estimated on Monday that the insured loss associated with wind and coastal flooding from Hurricane Hermine will not exceed US$400 million. This figure includes property damage and business interruption caused

News CatastrophesInsuranceMergers and Aqcuisitions

Meranti southeast China’s most powerful typhoon in decades

September 16, 2016 by Canadian Underwriter

Although Typhoon Meranti weakened significantly as it approached China, it still came ashore with a central pressure of 940 mbar, the equivalent of a Category 4 hurricane – the strongest typhoon in the region since 1949, according to catastrophe modelling

News CatastrophesInsuranceMarkets / Coverages

Hermine is first hurricane to hit Florida coast in a decade

September 2, 2016 Jason Dearen - THE ASSOCIATED PRESS

DEKLE BEACH, Fla. – Hermine tore across northern Florida on Friday as the first hurricane to hit the state in more than a decade, killing one person, raising a storm surge that destroyed beachside buildings and toppling trees into homes.

News CatastrophesInsuranceMergers and Aqcuisitions

Nasty weather, including possible tornado, hits south central Saskatchewan

July 20, 2016 by Canadian Underwriter

DAVIDSON, Sask. – Parts of south-central Saskatchewan have been hammered with hail, heavy rain and even a twister. During a public alert issued Tuesday night, Environment Canada said a tornado had been reported touching down in a rural area near