Keyword
weather
School of Thought
April 1, 2017 Dawn H. Puro, Senior Vice President, Specialty Casualty, Public Entity Lines, Ironshore; and Victor Ip, Vice President, Specialty Casualty, Ironshore CanadaRisks associated with higher education institutions are many, ranging from targeted violence to indiscriminate severe weather. Whether planned or not, both types of events demand a well-conceived emergency response be available.
Toronto city managers authorized to negotiate $10.9-million agreement with ClaimsPro
March 29, 2017 by Canadian UnderwriterToronto City Council voted Tuesday to authorize staff to enter into a three agreement with ClaimsPro LLP to provide adjusting services to the city. ClaimsPro, owned by SCM Insurance Services Inc., was one of four adjusting firms to respond in…
Weather risk accounts for an estimated US$56 billion in untapped wind energy asset values globally: GCube
January 31, 2017 by Canadian UnderwriterResource underperformance has surpassed mechanical breakdown and component damage as the major obstacle to achieving bankable wind energy projects, GCube Underwriting Ltd. notes in a report estimating the untapped asset values of wind energy stakeholders around the world at US$56…
Fort McMurray wildfire tops annual meteorologist list of weather stories
January 3, 2017 The Canadian PressTORONTO – The “beast” of a wildfire that charred Fort McMurray, Alta., was named Canada’s biggest weather story of the year in an annual list compiled by the country’s top meteorologists. The list, which also includes the melting Arctic Sea…
Record new Cat bond, ILS issuance in 2016 spurs highest-ever outstanding market size: Artemis.bm
January 3, 2017 by Canadian UnderwriterCatastrophe bonds and similarly structured insurance-linked securities (ILS) deals in 2016 propelled the market to record levels, with the approximately US$7 billion in new issuance resulting in an outstanding market size of US$26.82 billion at year-end, notes the latest edition…
Collisions claims continue to inch up overall: Allstate Canada study
November 30, 2016 by Canadian UnderwriterAuto collisions claims among Allstate Insurance Company of Canada customers in four provinces rose 1.7% over the previous study period, reflecting increases in some jurisdictions and decreases in others. Results of the eighth annual Allstate Canada Safe Driving Study show…
Zurich Insurance Group’s 2016 business operating profit down in H1, up in Q2 over prior-year periods
August 11, 2016 by Canadian UnderwriterContinuing to build on its efforts to simplify and become more agile, Zurich Insurance Group reports that its business operating profit (BOP) for the first half of 2016 was US$2.194 million, down 2% from US$2.238 million for 2015 H1. Figures…
Government of Alberta to review Fort McMurray wildfire response
June 16, 2016 by Canadian UnderwriterAlberta’s Ministry of Agriculture and Forestry has reported that it is reviewing its response to the Fort McMurray wildfire, which is being held, but estimated to cover nearly 590,000 hectares as of Wednesday afternoon. The review will look at the…
U.S. insurers paid US$5.37 billion in total hail claims for 2008-14; 2011 and 2014 costliest years
June 13, 2016 by Canadian UnderwriterThe years of 2011 and 2014 were the costliest years for hail-related vehicle claims in the United States during a 2008-14 study period, with losses concentrated in the country’s midsection, according to an updated analysis by the Highway Loss Data…
As risk of farm losses rise, so too do number of farmers buying crop insurance
May 10, 2016 Ian Bickis - THE CANADIAN PRESSCALGARY – Kelly McIntyre has tilled the soils of northwestern Alberta for more than 30 years, but only this spring did he conclude that he needed crop insurance. “There just seems to be increased risk, more risk all the time,”…