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Verisk
How much cargo theft rose in 2022
January 16, 2023 by Alyssa DiSabatinoCargo theft across Canada and the U.S. rose by 15% in 2022 from the previous year, equal to 1778 recorded theft incidents, a cargo theft recording firm reports. And cargo insurers should be aware of an emerging threat: fictitious cargo…
Why your clients are increasingly exposed to wildfire losses
September 28, 2018 by Greg MeckbachClimate change has turned the risk of wildfire into a year-round peril in Western Canada, a geography expert says. In the past, wildfire season started in April or May and ended some time in October, said Dominic Ford, senior geospatial…
Beyond Fort Mac
January 1, 2017 Tom Johansmeyer, Assistant Vice President, PCS Strategy and Development; and Ted Gregory, Director of PCS Operations, Verisk Insurance SolutionsProperty 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.
Sponsors completed two cat bonds with Canadian coverage in Q1 2016: PCS
April 6, 2016 by Canadian UnderwriterSponsors completed two catastrophe bonds with coverage for Canada in the first quarter of 2016 – the same two sponsors that did so in the first quarter of 2015, according to Property Claims Services’ (PCS) Q1 2016 cat bond report.…