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Echelon Insurance reports near halving of net income in 2017 Q3 compared to 2016 Q3

November 3, 2017 by Canadian Underwriter

The B.C. wildfires and losses related to commercial auto and motorcycle contributed to Echelon Insurance witnessing a 42% decrease in net income and an increase in combined operating ratio for 2017 Q3 compared to 2016 Q3. Net income amounted to

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Hurricanes to date a capital event for reinsurers, 2017 could be even more costly Cat year than 2005

October 16, 2017 by Canadian Underwriter

The above-average activity for the Atlantic hurricanes season so far – a season that is not yet done – is already a capital event for p&c reinsurers and the remainder plus wildfire activity likely only contributes to nervousness, S&P Global

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ICLR to host webinar on exposure of buildings to wildfire

October 10, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a webinar later this month on vulnerabilities and mitigation strategies related to exposure of buildings to wildfire. The webinar, to be held from 10 a.m. to 11:30 a.m. EDT on

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Fire in Alberta’s Waterton Lakes National Park being held: Parks Canada

September 19, 2017 The Canadian Press (CPSTF)

WATERTON, Alta. – Parks Canada says the wildfire in southwestern Alberta is no longer out of control and is being held. But the agency says the Kenow fire in Waterton Lakes National Park is still active and covers an estimated

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B.C.’s wildfire-related state of emergency expires

September 18, 2017 by Canadian Underwriter

British Columbia’s wildfire-driven provincial state of emergency expired at midnight (Pacific time) on Friday, the province’s Ministry of Public Safety and Solicitor General has reported. The state of emergency was declared on July 7 and extended four times over the

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Kenow wildfire in southwestern Alberta now covers 36,000 hectares

September 15, 2017 by Canadian Underwriter

Several evacuation orders related to the Kenow wildfire have been lifted, while others remain in effect as the fire continues burning in southwestern Alberta about two weeks after it was initially discovered. The mandatory evacuation order for Cardston County was

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Evacuees return home near Kelowna, B.C., as wildfire continues to burn

August 28, 2017 The Canadian Press (CPSTF)

KELOWNA, B.C. – Hundreds of people forced from their homes by a wildfire burning east of Kelowna, B.C., have been allowed to return, but others remain displaced. The Central Okanagan Regional District said an evacuation order for 263 properties was lifted Sunday morning and about 600 residents are now allowed to go home.
About 400 other residents remain under evacuation order due to the flames, and people who have been allowed to return will remain on evacuation alert, meaning they must be prepared…

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Allstate estimates June catastrophe losses at US$335 million

July 24, 2017 by Canadian Underwriter

The Allstate Corp. announced July 20 it estimates its catastrophe losses for the three months ending June 30 will be $993 million, pre-tax, of which $310 million is from 17 events in June alone. Northbrook, Ill.-based Allstate reported in August,

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More than 200 Canadian military members to help police deal with B.C. wildfires


KAMLOOPS, B.C. – Hundreds of Canadian Armed Forces members will support the police response to devastating wildfires in British Columbia, bringing some relief to scores of exhausted officers on the ground. About 225 soldiers travelled on Thursday from CFB Edmonton

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Wildfires prompt evacuations on outskirts of Penticton, B.C.


PENTICTON, B.C. – Residents of a rural area on the outskirts of Penticton, B.C., on Thursday joined the more than 45,000 people in British Columbia who have fled their homes due to fast-moving fires. The blaze broke out around 9

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British Columbia extends state of emergency two weeks due to wildfires


VICTORIA – British Columbia’s new government is extending the state of emergency for two more weeks as wildfires sweeping across the province’s Interior show no signs of slowing. Premier John Horgan said his government’s first priority is to support the

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B.C. officials face challenges in bringing people home after fire evacuations


KAMLOOPS, B.C. – A British Columbia official says getting people to safety as fast-Moving wildfires approached was only half the battle _ the other half will be returning them home. Al Richmond, chairman of the Cariboo Regional District in B.C.’s