Keyword
storm
Was Atlantic winter storm 2018’s first cat event?
January 16, 2018 by Jason ContantA winter storm that caused storm surges and extensive power outages in Atlantic Canada in early January may not have been a catastrophe event, but it was definitely significant, Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter Monday. CatIQ…
What Canada’s largest city is doing to help reduce flood insurance claims
January 10, 2018 by Greg MeckbachAs climate experts forecast more frequent extreme rain events, Toronto is working towards protecting properties by modernizing its storm drainage system. With its Basement Flooding Protection Program, Toronto’s city government brought in a new standard of accommodating a one-in-100-year storm…
Fierce storm causes storm surges, extensive power outages in Atlantic Canada
January 8, 2018 Alison Auld - THE CANADIAN PRESSHALIFAX – Work crews were fanning out across parts of Atlantic Canada on Friday after a fierce winter storm blasted the region with hurricane-force winds that flooded coastal roads, knocked out power and lashed waterfronts with surging seas. Tens of…
Standard would help enhance flood resilience of new communities: report
September 26, 2017 by Angela StelmakowichResearch out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built…
Free online offering hopes to bolster catastrophe modelling understanding
September 5, 2017 by Canadian UnderwriterWhat has been described as the first free and neutral open online catastrophe modelling course was launched today to help those working in climate change and disaster loss mitigation, academia and insurance better understand the use of models in nat-Cat…
Summer storm floods Saskatoon streets, cuts power and forces mall to close
August 9, 2017 The Canadian Press (CPSTF)SASKATOON – A summer storm that swamped Saskatoon submerged streets, knocked out power in some neighbourhoods and forced a city mall to close. Market Mall shut down Tuesday afternoon after rain, which dumped more than 50 millimetres on some parts…
SCOR posts net income of 292 million euros for the first half of 2017
July 27, 2017 by Canadian UnderwriterFrench reinsurer SCOR has reported a net income of 292 million euros for the first half of the year, up from 275 million euros in the first half of 2016. The company’s net combined ratio in P&C was 93.5% for…
Spring storm in Alberta and Saskatchewan uproots trees and knocks out power
May 25, 2017 The Canadian PressA nasty spring storm has toppled semis, uprooted trees and produced localized flooding throughout much of Saskatchewan and Alberta. In Saskatoon, wind speeds were recorded at 105 kilometres an hour Wednesday afternoon, leaving garbage bins strewn throughout the streets, shingles…
High winds add to flooding fears as storm approaches southern B.C.
May 23, 2017 The Canadian PressVANCOUVER – Flood-weary regions of British Columbia’s southern Interior are bracing for another battering, this time from high winds. Environment Canada has issued special weather statements for parts of Vancouver Island, Metro Vancouver and most of the southern Interior, including…
Flooding expected to be ‘unlike anything ever seen,’ warns Kelowna mayor
May 12, 2017 The Canadian PressVANCOUVER – British Columbia’s Okanagan region is bracing for a storm that Kelowna’s mayor worries could unleash the worst flooding the region has ever seen. Mayor Colin Basran posted a Facebook statement describing expected water levels as “unlike anything we…
Hannover Re Group net income down 2.4% to 264.8 million euros in 2017 Q1 compared to 2016 Q1
May 10, 2017 by Canadian UnderwriterGroup net income for Hannover Re contracted to 264.8 million euros in the first quarter of 2017, but was in line with the prior-year quarter’s exceptionally good results, positioning the reinsurer well for achieving its financial targets this year. Group…
Southern Ontario windstorm in March caused close to $100 million in insured damage: CatIQ
April 18, 2017 by Canadian UnderwriterA windstorm that affected parts of southern Ontario on March 8 has resulted in nearly $100 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) said on Tuesday in a press release from the Insurance Bureau of Canada (IBC).…