Keyword
storm
Estimated insured losses for U.S., Caribbean from Hurricane Matthew US$2.5 billion to US$8 billion: RMS
October 21, 2016 by Canadian UnderwriterRMS has estimated Hurricane Matthew will produce insured losses of US$1.5 billion to US$5 billion for the United States and US$1 billion to US$3 billion in the Caribbean, making it the reinsurance industry’s costliest Atlantic hurricane since Sandy four years…
Cleanup, damage assessment begins in Atlantic Canada after torrential rains
October 12, 2016 The Canadian PressSYDNEY, N.S. – Communities in Nova Scotia and Newfoundland are facing a costly and lengthy cleanup from widespread flooding damage after a storm brought torrential rain to the region over the long weekend. Premiers in both provinces were scheduled to…
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…
Manitoba issues flood watch advisory as heavy rain continues to fall
October 5, 2016 by Canadian UnderwriterThe province Manitoba has issued a flood watch advisory as heavy rain continues to fall throughout the province. The Hydrologic Forecast Centre of Manitoba Infrastructure reported on Tuesday that a major storm system has moved into the southwestern, western, northern…
[Updated]: Possible tornado in Windsor, Ont., area damages homes; 3 injured
August 25, 2016 The Canadian PressWINDSOR, Ont. – More than a dozen homes were damaged and at least three people injured Wednesday evening amid multiple reports of a possible tornado touching down in southwestern Ontario. Environment Canada said an eyewitness saw a tornado near LaSalle,…
Possible tornado touches down in Windsor area causing damage
August 24, 2016 The Canadian PressWINDSOR, Ont. – Multiple reports of a possible tornado touching down in southwestern Ontario flooded social media as a wild storm passed through Wednesday evening. Video of the funnel cloud forming over LaSalle from @TheWindsorStar reader Katie Lynn Maheux #YQG…
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…
Severe summer storm in the Prairies causes more than $48 million in insured damage, CatIQ reports
August 16, 2016 by Canadian UnderwriterA severe storm that swept through Alberta, Saskatchewan and Manitoba during the second week of July has resulted in more than $48 million in insured damage, according to Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ), which delivers detailed analytical and…
Severe summer storm in southern Ontario causes $30 million in insured damage: CatIQ
August 10, 2016 by Canadian UnderwriterA severe summer storm that swept through southern Ontario during the second week of July has resulted in more than $30 million in insured damages, according to Catastrophe Indices and Quantification Inc. (CatIQ). CatIQ, which delivers detailed analytical and meteorological…
Tornado causes damage on Manitoba reserve, but no injuries reported
August 9, 2016 The Canadian PressWAYWAYSEECAPPO FIRST NATION, Man. – There were no reports of injuries but seven homes were damaged on a First Nation when a severe storm hit southern Manitoba on Monday. Environment Canada confirmed four tornadoes touched down in the region, including…
Hannover Re sees dip in net income, lower gross written premiums for 2016 H1 compared to 2015 H1
August 4, 2016 by Canadian UnderwriterHannover Re saw net income fall 8.6% to 486.1 million euros for the first half of 2016 from 531.9 million euros in the prior-year half, but remains confident the company is on track to achieve its full-year target of at…
Alberta storm event in late June cost an estimated $70 million in insured property damage: PCS Canada
July 25, 2016 by Canadian UnderwriterA storm event with flooding, hail and wind from June 28 to June 30 in Alberta has cost an estimated $70,440,000 in insured property damage, according to a catastrophe bulletin from Property Claim Services (PCS) Canada. According to the bulletin,…