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Death toll rises to 35 from powerful, magnitude 8.1 earthquake in Mexico

September 8, 2017 Mark Stevenson - THE ASSOCIATED PRESS

MEXICO CITY – One of the most powerful earthquakes ever recorded in Mexico struck off the country’s southern coast, toppling hundreds of buildings, triggering tsunami evacuations and sending panicked people fleeing into the streets in the middle of the night.

News CatastrophesClimate ChangeInsurance

Study links major floods in North America and Europe to “multi-decade ocean patterns,” says number of major floods has not increased overall

August 14, 2017 by Canadian Underwriter

The number of major floods in natural rivers across Europe and North America has not increased overall during the past 80 years, rather the occurrence of major flooding in these two continents often varies with North Atlantic Ocean temperature patterns.

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

U.S. Geological Survey scientists to track effects of historic Lake Ontario flooding

July 7, 2017 by Canadian Underwriter

Scientists with the U.S. Geological Survey (USGS) announced on Friday that they will be conducting field work to gather up-to-date information to help emergency managers track and respond to historic levels of flooding on Lake Ontario. The scientists will begin

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

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

News CatastrophesInsuranceMarkets / Coverages

After new energy regulations, Oklahoma’s earthquake rate drops

November 30, 2016 Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – The rate of earthquakes in Oklahoma has dropped dramatically since late May, when the state limited wastewater injections into energy wells, an Associated Press statistical analysis shows. And a new scientific study says the state is on its

News CatastrophesInsuranceMarkets / Coverages

At least 14 people injured after Japan earthquake

November 22, 2016 by Canadian Underwriter

At least 14 people have been injured by a strong earthquake that struck off Japan’s northeast coast early Tuesday morning, the Associated Press has reported. The earthquake – registering between magnitude 6.9 and 7.4 – struck at about 6 a.m.

News CatastrophesInsuranceMarkets / Coverages

At least two dead in 7.8-magnitude New Zealand quake, widespread damage reported

November 14, 2016 by Canadian Underwriter

A powerful magnitude-7.8 earthquake and several large aftershocks struck New Zealand’s South Island in the early morning hours of Monday local time, killing at least two people and injuring several others, Impact Forecasting has reported. The U.S. Geological Survey (USGS)-registered

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City of Cedar Rapids, Iowa braces for high floodwaters

September 27, 2016 by Canadian Underwriter

High-flow measurements on two rivers in eastern Iowa are higher than any level since 2008 in several locations, the U.S. Geological Survey (USGS) said on Monday, as residents of the city of Cedar Rapids braced for near-record floodwaters. USGS field

News CatastrophesInsuranceMergers and Aqcuisitions

Oklahoma experiences strongest earthquake in five years, officials probing possible connection with oil and gas activities

September 4, 2016 by Canadian Underwriter

The governor of Oklahoma has declared a state of emergency for Pawnee County following a magnitude 5.6 earthquake that occurred early Saturday morning. The earthquake was felt in multiple states and was the strongest the state has experienced since November

News CatastrophesInsuranceLegislation / RegulationMarkets / Coverages

Drillers, regulators can lessen earthquakes likely caused by wastewater injection, new research reveals

August 29, 2016 by Canadian Underwriter

Actions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

U.S. Geological Survey confirms historic flooding in South Louisiana, says six streamgages set record levels

August 22, 2016 by Canadian Underwriter

The U.S. Geological Survey (USGS) has confirmed historic flooding in South Louisiana on its streamgage network, with 30 registering above flood stage over the course of several days. At least six streamgages – which estimate the amount of water flowing

News CatastrophesInsuranceMergers and Aqcuisitions

At least US$350M in insured losses from Ecuador quake that killed more than 500: AIR

April 22, 2016 by Canadian Underwriter

As Ecuador continues to suffer aftershocks from a major earthquake the evening of April 16, catastrophe modeling vendor AIR Worldwide estimates insured losses could exceed $1 billion. In an alert published Thursday, Boston-based AIR Worldwide said it estimates that industry