Canadian Underwriter

Keyword
wildfire


News CatastrophesClimate ChangeInsurance

California firefighters stretched thin as blazes sweep state

August 23, 2016 Don Thompson - THE ASSOCIATED PRESS

SACRAMENTO, Calif. – California’s state fire department is stretched thin just as the bone-dry state enters the peak of its wildfire season, with vacancy rates exceeding 15 per cent for some firefighters and supervisors. The vacancy rate is more than

News CatastrophesClimate ChangeConstructionInsuranceLegislation / RegulationMergers and AqcuisitionsReinsurance

Homes more resistant to ignition by embers had improved survival in Fort Mac wildfire, “luck” not a factor: ICLR report

August 22, 2016 by Canadian Underwriter

Surviving homes in otherwise decimated neighbourhoods of Fort McMurray hit by this spring’s massive wildfire were more resistant to ignition by embers, notes a preliminary report issued by the Institute for Catastrophic Loss Reduction (ICLR). Home survival is not random

News CatastrophesInsuranceMergers and Aqcuisitions

Crews make major gains against Southern California wildfire

August 20, 2016 Christopher Weber and Christine Armario - THE ASSOCIATED PRESS

SAN BERNARDINO, Calif. – Lisa Gregory has kept a close eye on the weather since fleeing her home in the woods as a wildfire advanced in Southern California. She doesn’t know when she can return or whether her house was

News CatastrophesInsurance

Wildfire burns with ferocity never seen by fire crews

August 17, 2016 by CHRISTOPHER WEBER and CHRISTINE ARMARIO - The ASSOCIATED PRESS (AP)

SAN BERNARDINO, Calif. (AP) — A wildfire with a ferocity never seen before by veteran California firefighters raced up and down canyon hillsides, instantly engulfing homes and forcing thousands of people to flee, some running for their lives just ahead

News CatastrophesInsuranceMergers and Aqcuisitions

Wildfire roars into California town, driving out thousands

August 15, 2016 The Associated Press

LOWER LAKE, Calif. – A wildfire destroyed at least 10 homes and forced some 4,000 people to flee as flames jumped a road and moved into a Northern California town still recovering from a devastating wildfire nearly a year ago.

News CatastrophesInsuranceMergers and Aqcuisitions

Aerial firefighting firm training pilots on turbulence risks around wildfire after fatal crash: TSB

August 12, 2016 by Canadian Underwriter

A water bomber that crashed in Alberta was too low to recover from an incipient spin caused by severe turbulence formed from a “fire whirl,” the Transportation Safety Board of Canada suggested in an investigation report released Thursday. On May

News CatastrophesInsuranceMarkets / Coverages

‘Extreme fire activity’ expected in Nova Scotia as wildfire grows

August 10, 2016 The Canadian Press

HALIFAX – An out-of-control wildfire near Kejimkujik National Park has grown yet again, Nova Scotia’s Natural Resources department said Wednesday as crews grappled with challenging weather conditions. The department said the blaze in the Seven Mile Lake area had been

News CatastrophesInsurance

Nova Scotia wildfires continue to create “challenging conditions” for work crews

August 9, 2016 by Canadian Underwriter

A wildfire in Nova Scotia’s Annapolis County has grown to about 240 hectares as weather continues to create “challenging conditions” for crews on site. The fire at Seven Mile Lake in Annapolis County, along with the Perch Lake fire in

News CatastrophesInsuranceMergers and Aqcuisitions

Southern California forest fire triples in size

August 8, 2016 The Associated Press

CRESTLINE, Calif. – A wildfire in the San Bernardino National Forest east of Los Angeles has tripled in size to 7 square miles. The blaze in the San Bernardino Mountains east of Silverwood Lake and south of the high desert

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Economical Insurance cites wildfire’s impact, net income drops to $17.1 million in 2016 Q2

August 8, 2016 by Canadian Underwriter

Canada’s worst-ever insured natural disaster – the Fort McMurray wildfire – delivered a hard hit to the underwriting activity of Economical Insurance, contributing to a net income in the second quarter of 2016 of about half the prior-year quarter. Economical

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Echelon Financial Holdings Inc. sees lower net income in 2016 Q2, will focus on Canadian operations

August 5, 2016 by Canadian Underwriter

Echelon Financial Holdings Inc. (EFH) is exiting the European market to focus on growing its Canadian operations, which were negatively affected by the Fort McMurray wildfires that contributed to lower net income for both 2016 H1 and Q2 compared to

News CatastrophesClimate ChangeEarnings / RatingsMarkets / CoveragesReinsurance

Hannover Re sees dip in net income, lower gross written premiums for 2016 H1 compared to 2015 H1

August 4, 2016 by Canadian Underwriter

Hannover Re saw net income fall 8.6% to 486.1 million euros for the first half of 2016 from 531.9 million euros in the prior-year half, but remains confident the company is on track to achieve its full-year target of at