Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) announced that they have entered into an agreement whereby Impact Forecasting’s cat event response flood footprints for Canada will be made available as a layer on CatIQ’s CatHUB module. “Aon Impact Forecasting’s Canadian…
PERILS AG has disclosed a second loss estimate for extratropical cyclone Zeus of 269 million euros. The revised estimate, released on Tuesday, is for the property insurance market loss, said PERILS, an independent organization based in Zurich, Switzerland that provides…
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…
The federal budget’s commitment to create a $2 billion Disaster Mitigation and Adaptation Fund demonstrates Ottawa’s increasing support for disaster risk reduction, suggests Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction (ICLR). “For many years, the federal…
PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced on Wednesday that it has entered into a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada. With immediate effect,…