Keyword
storms
Latest estimate of insured losses from Eva-Frank flooding £538 million: PERILS AG
June 27, 2016 by Canadian UnderwriterPERILS AG Friday issued an estimate of £538 million for insured property market loss from flooding damage in the United Kingdom as a result of storms in late December and early January. Storms Eva and Frank hit the U.K. in…
B.C. commits $750,000 in funding for flood mitigation projects in Delta and Kelowna
June 23, 2016 by Canadian UnderwriterBritish Columbia’s Ministry of Transportation and Infrastructure announced on Wednesday $750,000 in funding for flood mitigation projects in the province’s Kelowna and Delta areas. The ministry said in a press release on Wednesday that it is committing $550,000 in funding…
National model building code should account for anticipated climate change: Auditor General report
May 31, 2016 by Canadian UnderwriterCanada’s federal environment and climate change department “should work with partners” to figure out how to produce data used to measure intensity, duration and frequency of storms, and the National Research Council should “incorporate climate change trends” when developing structural…
Aon Benfield’s Tropical Storm Risk forecasts 17 named storms between June and November
May 30, 2016 by Canadian UnderwriterTropical Storm Risk (TSR), which is part of Aon Benfield Research’s academic and industry collaboration, is forecasting 17 named storms, nine hurricanes and four major (Category 3+) hurricanes between the months of June and November. TSR issued its May forecast…
Global economy suffers worst natural disaster losses in April in five years: Aon Benfield report
May 5, 2016 by Canadian UnderwriterThe global economy suffered the worst natural disaster losses in April in five years, according to Impact Forecasting’s Global Catastrophe Recap for the month. Between April 14 and 16, two major earthquakes struck Japan within 24 hours, causing massive devastation,…
The Weather Company predicts 14 named storms for the 2016 tropical season
April 30, 2016 by Canadian UnderwriterThe Weather Company, an IBM Business, has issued their first tropical forecast for the 2016 season, which includes a total of 14 named storms. Of those named storms, eight will be hurricanes and three will be major hurricanes, The Weather…