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Dash 8 crew erroneously thought convective activity was not a factor in Mont-Joli approach incident: TSB

August 16, 2017 by Canadian Underwriter

A combination wind shear and turbulence was one factor in a 2016 incident in Quebec in which a pilot had “temporary difficulty” controlling a Dash 8 below 2,000 feet, the Transportation Safety Board of Canada said in a recent investigation

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Nat cat insured losses total US$19.5 billion for first six months of 2017: Munich Re

July 18, 2017 by Canadian Underwriter

Four of the five costliest natural catastrophes, measured by insured losses, during the first half of this year, occurred in the United States, while four of the five deadliest events occurred in Asia, Munich Re announced. Munich Re released Tuesday

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Severe thunderstorm in Saskatoon causes power outages, street flooding

July 11, 2017 by Canadian Underwriter

Crews from the City of Saskatoon are responding to “power outages, lifted manhole covers and flooded streets” following a severe thunderstorm Monday evening. According to a press release on Monday from the city, Environment Canada issued a thunderstorm warning and

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Saskatoon thunderstorm estimated to cost over US$30 million, floods and convective storms cost global economy US$5 billion in June: Aon Benfield

July 6, 2017 by Canadian Underwriter

A thunderstorm over Saskatoon on June 2 that spawned ping pong ball-sized hail is estimated to cost more than US$30 million, Aon Benfield said in its Global Catastrophe Recap report for the month of June. The fast-developing thunderstorm caused the

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Beyond Fort Mac

January 1, 2017 Tom Johansmeyer, Assistant Vice President, PCS Strategy and Development; and Ted Gregory, Director of PCS Operations, Verisk Insurance Solutions

Property Claim Services Canada has designated nine catastrophe events in Canada in 2016. Though most of the $4.9 billion insured loss arose from the Alberta wildfires, the data indicates hail and thunderstorms events are becoming more severe.

News CatastrophesInsuranceMergers and AqcuisitionsReinsurance

Fort McMurray wildfire accounts for 98% of H1 insured cat losses in Canada, 29% of PCS-designated North American losses

August 31, 2016 by Canadian Underwriter

The Fort McMurray wildfire accounted for 98% of first-half insured catastrophe losses in Canada and 29% of Property Claim Services (PCS)-designated North American cat losses for the period, according to a preliminary estimate from the company. Insurers affected by the

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Worst flooding since 1998 leaves US$33 billion economic toll in China: Aon’s Impact Forecasting

August 4, 2016 by Canadian Underwriter

Flooding in China in July caused an estimated US$33 billion in economic losses, but claims payouts represented less than 2% of the cost, according to Impact Forecasting’s monthly Global Catastrophe Recap. The report from Impact Forecasting, Aon Benfield’s catastrophe model

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Flight-following software ‘not used as intended’ as airplane hit by severe turbulence in thunderstorm: TSB

July 13, 2016 by Canadian Underwriter

The Transportation Safety Board of Canada recently released an investigation report into a severe turbulence incident in southwestern Ontario, in which the crew of an American airline flew into a line of thunderstorms, temporarily lost control of their airplane and

News CatastrophesInsuranceMergers and Aqcuisitions

7 hurt, homes, businesses damaged after tornado in Oklahoma

March 31, 2016 The Associated Press

TULSA, Okla. – At least seven people were injured after severe storms spawned multiple tornado touchdowns in northeastern Oklahoma, damaging homes and businesses, authorities said. National Weather Service meteorologist Amy Jankowski said a tornado touched down and lifted up numerous