Keyword
severe thunderstorm
Flash storm hits same areas of Toronto as in 2013 Cat event. Was the damage the same?
July 9, 2020 by Adam MalikToronto is drying out from another sudden thunderstorm, but claims professionals may have dodged an even bigger workload thanks to the storm quickly moving out. “We’ve seen worse,” Glenn McGillivray, managing director at the Institute for Catastrophic Loss Reduction (ICLR),…
Combined ratio down 5.9 points, P&C reinsurance premiums down 8% for Munich Re
August 11, 2017 by Canadian UnderwriterMunich Re reported Wednesday a combined ratio of 93.9% in reinsurance in the three months ending June 30, down 5.9 points from 99.8% in the same period in 2016, when the German reinsurer had natural catastrophe claims costs of €335…
Fitch changes U.S. P&C insurance industry outlook to negative from stable
November 30, 2016 by Canadian UnderwriterFitch Ratings has changed the fundamental sector outlook for the United States property and casualty insurance industry to negative from stable, reflecting recent declines in profitability and anticipated further earnings deterioration in 2017 due to more competitive market conditions. Fitch…
ICLR to host June workshop on extreme atmospheric peril events
May 31, 2016 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on extreme atmospheric peril events on Friday, June 17 in Toronto. The ICLR said that its next Friday Forum, titled What Would Happen if Extreme Atmospheric Peril Events…