Keyword
rain
Swiss Re losses from Cyclone Debbie currently estimated at US$350 million
April 13, 2017 by Canadian UnderwriterSwiss 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…
RSA Canada posts solid underwriting profit despite nat-Cat events in 2016
February 24, 2017 by Angela StelmakowichRSA 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…
Red River Basin Commission warns of flood season this year in Manitoba
January 24, 2017 The Canadian PressWINNIPEG – 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…
Rain, snow storms pummel the U.S. West; more wet weather on way
January 20, 2017 Scott Sonner - THE ASSOCIATED PRESSRENO, 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…
First of three more storms hits California as drought retreats
January 19, 2017 John Antczak - THE ASSOCIATED PRESSLOS 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…
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 UnderwriterModelled 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…
Intact estimates $170 million in cat losses for third quarter of 2016
October 4, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) has announced estimated catastrophe losses, net of reinsurance, of approximately $170 million on a pre-tax basis for the third quarter of 2016. The estimate equates to about $124 million or $0.95 per share for the quarter,…
Communities in southwestern Ontario beginning to dry up after floods
October 3, 2016 The Canadian PressWINDSOR, Ont. – Days after floods ripped through the southwestern Ontario city of Windsor and the neighbouring town of Tecumseh, residents are starting to pick up the pieces. Environment Canada said rain was pouring down in the communities from Wednesday…
Tale of two summers: Farmers deal with drought in the east, rain on the prairies
August 11, 2016 Ian Bickis and Peter Goffin -THE CANADIAN PRESSIt’s a tale of two summers this year in Canada, with rain – and the lack of it – causing concerns about the state of the country’s crops. In Ontario, officials are forecasting a strong fruit harvest but add that…
Flood recovery centres open in Estevan, Sask.
July 14, 2016 by Canadian UnderwriterThe government of Saskatchewan announced on Thursday that a temporary Provincial Disaster Assistance Program (PDAP) flood recovery centre will open in the city of Estevan to provide immediate support and advice to residents affected by recent severe weather and flooding.…
Storms tear up small communities in Minnesota, Wisconsin
July 12, 2016 The Associated PressLITCHFIELD, Minn. – Storms carrying tornadoes, torrential rain and powerful winds damaged homes, deposited a snowplow in a tree and flooded highways in north-central Minnesota and northern Wisconsin. Audrey Schoenberg took shelter at a restaurant in Litchfield, Minnesota, after a…
SGI Canada assigning more adjusters to deal with Saskatchewan flooding claims following heavy rainfall
July 12, 2016 by Canadian UnderwriterSGI Canada will be assigning additional adjusters to Estevan, Saskatchewan – among the areas in the province hit by heavy rainfall that prompted localized flash flooding – to handle what is anticipated to be higher-than-normal claim volumes, the insurer reported…