Keyword
severe weather
Crawford & Company reports net income attributable to shareholders rises to US$36.0 million in 2016 compared to loss in 2015
February 27, 2017 by Canadian UnderwriterAtlanta-based Crawford & Company posted net income attributable to shareholders for both the full year and fourth quarter of 2016 – reaching about US$7.8 million and about US$36.0 million – compared to losses in the prior-year periods. Net income attributable…
U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield
February 9, 2017 by Canadian UnderwriterMajor severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across…
Dozens injured in tornadoes across southern Louisiana
February 8, 2017 Kevin McGill - THE ASSOCIATED PRESSNEW ORLEANS – Brittany Ross remembers she was savoring the smell of her aunt’s simmering white beans when the storm that injured about 40 people in southeastern Louisiana hit. “The place started shaking, kind of twisting,” she said Tuesday as…
Economic losses from nat cat events in 2016 total US$210 billion, the highest loss amount in four years: Aon Benfield
January 17, 2017 by Canadian UnderwriterThree hundred and fifteen natural catastrophe events in 2016 generated economic losses of US$210 billion, the highest loss amount in four years and 21% above the 16-average of US$174 billion, according to Aon Benfield’s 2016 Annual Global Climate and Catastrophe…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the…
Government of Alberta announces additional $45 million for flood and drought protection
December 19, 2016 by Canadian UnderwriterThe government of Alberta has announced an additional $45 million in funding for flood and drought protection. Over the next four years, the government will invest an additional $31 million in the Alberta Community Resilience Program (ACRP) and $14 million…
IBC applauds federal government’s approach to carbon pricing
October 4, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) has applauded the Government of Canada’s pan-Canadian approach to pricing carbon pollution. “IBC congratulates the government on today’s carbon pricing announcement,” IBC president and CEO Don Forgeron said in a statement on Monday. “Severe…
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,…
New mobile app issues verbal safety warnings to Edmonton drivers
September 13, 2016 by Canadian UnderwriterThe City of Edmonton has launched a new mobile app that warns drivers of school zones, speed limit changes and high collision locations. City of Edmonton Councillor Dave Loken said in a press release from the city on Monday that…
Almost $65 million in insured damage from severe summer storm in Alberta, Saskatchewan
August 24, 2016 by Canadian UnderwriterA severe storm that swept through southern Alberta and Saskatchewan in the third week of July has prompted an insured damage estimate of almost $65 million, reports Insurance Bureau of Canada (IBC), based on figures provided by Catastrophe Indices and…
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…
Ontario, City of Burlington support Home Adaptation Assessment Program pilot launch
August 9, 2016 by Canadian UnderwriterBurlington, Ont. will serve as the pilot site for Intact Centre on Climate Change’s (ICCA) Home Adaptation Assessment Program (HAAP), meant to enhance homeowner awareness of how to reduce flood-related damage and limit the level of losses seen during events…