Keyword
state of emergency
Windsor floods spur insured damage of almost $108 million to date: IBC
November 2, 2016 by Canadian UnderwriterFlooding affecting the Windsor and Tecumseh areas in southwestern Ontario is estimated to have caused almost $108 million in insured damage as of Sept. 30, Insurance Bureau of Canada (IBC), citing figures from Catastrophe Indices and Quantification Inc., reported Wednesday.…
Crews try to keep massive northern Nevada wildfire at bay
October 17, 2016 The Associated PressRENO, Nev. – Firefighters in Nevada were hoping to stop a wind-driven wildfire, which has already destroyed 22 homes north of Carson City, from jumping any major roads Saturday. The blaze between Reno and Carson City was only 5 per…
Heavy rains and strong winds wreaking havoc in the Maritimes
October 11, 2016 The Canadian PressHALIFAX – Thousands of homes and businesses across Atlantic Canada were without electricity early Tuesday due to heavy rain and strong winds that lashed the region on Thanksgiving Monday. Environment Canada said much of mainland Nova Scotia had received more…
Nearly 2 million homes in Florida, the Carolinas and Georgia at risk of storm surge damage from Hurricane Matthew: CoreLogic
October 6, 2016 by Canadian UnderwriterNearly two million homes in Florida, North and South Carolina and Georgia are risk of storm surge damage from Hurricane Matthew as it makes its way toward the United States’ Atlantic Coast, according to new data from CoreLogic, Inc. On…
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…
West Virginia Governor calls special legislative session to address “unprecedented” June flood costs
September 19, 2016 by Canadian UnderwriterEarl Ray Tomblin, the Governor of West Virginia, announced on Friday an extraordinary session of the state legislature to address the state’s share of costs associated with flooding in late June of this year. “The June flooding was unprecedented in…
Louisiana floods to cost U.S. economy between US$10-15 billion: Aon Benfield’s Impact Forecasting
September 8, 2016 by Canadian UnderwriterThe recent flooding in Louisiana is expected to cost the economy of the United States between US$10 billion and US$15 billion, with public and private insured losses expected in the low-digit single billions, according to Aon Benfield’s latest Global Catastrophe…
Oklahoma experiences strongest earthquake in five years, officials probing possible connection with oil and gas activities
September 4, 2016 by Canadian UnderwriterThe governor of Oklahoma has declared a state of emergency for Pawnee County following a magnitude 5.6 earthquake that occurred early Saturday morning. The earthquake was felt in multiple states and was the strongest the state has experienced since November…
“Limited impact” expected for Italian insurers following earthquake: Fitch
August 29, 2016 by Canadian UnderwriterThe impact on Italian insurers from the earthquake that struck the central part of the country is likely to be limited, ratings firm Fitch Ratings said on Friday. Fitch Ratings estimates insured losses of 100 million to 200 million euros,…
Southern Louisiana flooding results in significant property damage: AIR Worldwide
August 16, 2016 by Canadian UnderwriterExtensive precipitation-induced flooding in southern Louisiana, from west of Baton Rouge to Mississippi, has resulted in six deaths, tens of thousands of rescues and significant property damage, catastrophe modelling firm AIR Worldwide said in media advisory issued late Monday. AIR…
Louisiana, Mississippi flooding could exceed US$1.5 billion in economic damage, insured portion will be much less: Impact Forecasting
August 15, 2016 by Canadian UnderwriterRecent flooding across parts of Louisiana and southern Mississippi could approach or possibly exceed US$1.5 billion in economic damage, Impact Forecasting suggested in a cat alert issued on Sunday. “Based on the volume of river crest records that have been…
More than 1,000 rescued in Louisiana floods; 2 dead
August 13, 2016 Bill Fuller, Melinda Deslatte and Michael Kunzelman - THE ASSOCIATED PRESSNEW ORLEANS – National Guard soldiers and other officials in boats and helicopters plucked more than 1,000 people from their homes and cars as “unprecedented, historic” flooding swamped Louisiana, the governor said Saturday, warning that the slow-moving storm would dump…