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U.S. earthquakes estimated to cost US$6.1 billion annually in building stock losses

June 26, 2017 by Canadian Underwriter

Earthquakes are estimated to cost the United States US$6.1 billion annually in building stock losses, according to an updated report published last week by the Federal Emergency Management Agency (FEMA). The new loss estimate represents a 10% increase over the

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Cyber security a ‘key aspect’ of risk management for medical professional liability insurers: A.M. Best

May 11, 2017 by Canadian Underwriter

Medical professional liability insurers who retain cyber risk need to limit their exposure “through strong policy language,” A.M. Best Company Inc. warned in a report released Wednesday. The ability to “identify emerging risks in areas such as cyber security,” is,

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U.S. Midwest, South recovering after deadly weekend storms

May 1, 2017 The Associated Press

ATLANTA – Parts of the Midwest and the South were recovering Monday after a weekend round of storms, winds, hail and isolated tornadoes killed at least 14 people. And a chance remained for more severe weather in the South. Parts

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Severe weather outbreaks in U.S. in February lead to billion-dollar payout for insurance industry: Aon Benfield

March 8, 2017 by Canadian Underwriter

Prolific severe weather outbreaks in the United States lead to an expected billion-dollar payout for the insurance industry as no fewer than five outbreaks of severe weather impacted portions of the country during February, according to Impact Forecasting’s latest Global

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Hurricane Matthew clocks top wind speed for 2016 at 101 miles per hour (162.5 km/h): CoreLogic

January 16, 2017 by Canadian Underwriter

Hurricane Matthew, which became the first Category 5 Atlantic hurricane since Felix in 2007, clocked the top wind speed for 2016 at an estimated 101 miles per hour (about 162.5 kilometres per hour) on Oct. 6, according to CoreLogic’s Windy

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In Tennessee wildfires, officials estimate $500M in damage

December 14, 2016 Jonathan Mattise - THE ASSOCIATED PRESS

NASHVILLE – Deadly wildfires caused more than $500 million in damage as they tore through a tourism community in the foothills of the Great Smoky Mountains and killed 14 people, local officials estimated Tuesday. Sevier County Mayor Larry Waters put

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Southern U.S. drought relents but not over, despite recent rains

December 8, 2016 Jeff Martin - THE ASSOCIATED PRESS

ATLANTA – Recent showers and storms across much of the South have eased the severe drought in the region, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. More rain

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Canadian couple among the dead in Tennessee wildfire

December 2, 2016 THE CANADIAN PRESS

GATLINBURG, Tenn. – A couple from Canada is among the victims of a wildfire that ravaged the Smoky Mountains resort city of Gatlinburg, Tennessee. Authorities say 71-year-old Jon Tegler and 70-year-old Janet Tegler are among 13 people who have died

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Death toll in storms sweeping southern U.S. increases to five

November 30, 2016 Bill Fuller and Rebecca Yonker - THE ASSOCIATED PRESS

Possible tornadoes swept through parts of Alabama and Tennessee overnight, killing five people and injuring more than a dozen as heavy rains from storms moving across the South produced flooding in areas previously suffering from months of drought. Possible tornadoes

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Wildfires scorch tourist area in Tennessee; thousands flee

November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESS

PIGEON FORGE, Tenn. – Wildfires fueled by high winds roared through parts of the Great Smoky Mountains, burning the doorstep of the Dollywood theme park, destroying a resort and chasing thousands of people from their homes. National Guard troops arrived