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City of Windsor records nearly 2,700 basement flooding reports from severe rain event

August 31, 2017 by Canadian Underwriter

The City of Windsor in southwestern Ontario has reported nearly 2,700 basement flooding reports as of late Wednesday afternoon. The city continues to recover from a severe rain event on Aug. 29 that resulted in flooded roads, properties and basements.

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Harvey creating life-threatening flooding in southeastern Texas, early damage estimate up to US$2 billion

August 28, 2017 by Canadian Underwriter

Catastrophic and life-threatening flooding persisted over parts of southeastern Texas as of early Monday morning despite Harvey being downgraded from an anticipated Category 3 hurricane to a tropical storm. “Do not attempt to travel in the affected areas if you

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More than 200,000 homes in Texas at potential risk of storm surge damage from Hurricane Harvey: CoreLogic

August 25, 2017 by Canadian Underwriter

More 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

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B.C. tourism businesses feeling effects of wildfires, reporting cancellations

August 10, 2017 The Canadian Press (CPSTF)

KAMLOOPS, B.C. – Tourism officials are starting to assess the impact of devastating wildfires in British Columbia and have received mixed feedback on the toll so far on the travel sector. Maya Lange of Destination BC, the province’s tourism planning

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsReinsurance

Property market loss estimate for Europe’s Cyclone Egon reaches 275 million euros: PERILS

July 13, 2017 by Canadian Underwriter

The latest property insurance market loss estimate for extratropical cyclone Egon, which hit parts of France and Germany in mid-January, has increased to 275 million euros, Zurich-based PERILS reported on Wednesday. Representing the third of four estimates to be issued

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Public security minister preaches patience as Quebec towns deal with flooding

May 3, 2017 The Canadian Press

MONTREAL – Quebec’s public security minister asked flood-stricken communities to be patient on Tuesday as forecasts called for more rain this week. Numerous Quebec municipalities that border streams and rivers are dealing with floods as heavy precipitation and mild temperatures

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Ice jam causes minor flooding in N.B., water levels in Fredericton area to increase near flood stage

April 17, 2017 by Canadian Underwriter

An ice jam caused minor flooding on a residential street in the New Brunswick community of Middle River, the province’s Emergency Measures Organization (EMO) reported on Sunday. However, water levels have subsided after some residents were cut off from their

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Swiss Re losses from Cyclone Debbie currently estimated at US$350 million

April 13, 2017 by Canadian Underwriter

Swiss Re currently estimates its claims burden from tropical cyclone Debbie in Australia at about US$350 million, net of retrocession and before tax, while the total insured market losses associated with the event is estimated at around US$1.3 billion. The

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMarkets / CoveragesTechnology

RSA Canada posts solid underwriting profit despite nat-Cat events in 2016

February 24, 2017 by Angela Stelmakowich

RSA Canada witnessed increased underwriting profit and a solid combined ratio for 2016 despite what can only be described as a challenging year that featured Canada’s most costly insurable nat-Cat ever and a host of other adverse weather events. “We’re

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Red River Basin Commission warns of flood season this year in Manitoba

January 24, 2017 The Canadian Press

WINNIPEG – The Red River Basin Commission is warning Manitobans living along the Red River to prepare for a flood season. Manitoba RRBC director Steve Strang says while there is a good possibility of flooding, it is hard to predict

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Rain, snow storms pummel the U.S. West; more wet weather on way

January 20, 2017 Scott Sonner - THE ASSOCIATED PRESS

RENO, Nev. – More winter snow and rain pummeled the West on Thursday as the first in a series of expected storms soaked morning commuters in much of California, dumped 18 more inches of snow in the Sierra Nevada and

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First of three more storms hits California as drought retreats

January 19, 2017 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – The worst area of drought in California has significantly narrowed to a small region northwest of Los Angeles that has stubbornly failed to benefit from Pacific storms that have drenched much of the state since the fall