Keyword
wildfire
The Co-operators reports net loss of $39.1 million in 2016 Q2 for Co-operators General Insurance Company
July 29, 2016 by Canadian UnderwriterCo-operators General Insurance Company, part of The Co-operators Group, took a hit from the devastating Fort McMurray wildfire, reporting a consolidated net loss of $39.1 million for 2016 Q2 compared to a net income of $58.2 million for 2015 Q2.…
Destructive California wildfire drives thousands from homes
July 25, 2016 Christopher Weber - THE ASSOCIATED PRESSSANTA CLARITA, Calif. – An unpredictable wildfire that destroyed more than a dozen houses filled skies north of Los Angeles with smoke Monday after driving thousands from their homes. Some evacuees were about to return home Sunday when unexpected winds…
Ottawa’s approach to disaster response, recovery does not address increasing frequency of extreme weather
July 25, 2016 by Canadian UnderwriterUneven distribution of disaster events in Canada means the federal government should rethink its current approach to disaster response and recovery, including reinstating Ottawa’s share of disaster-related costs, suggest Canada’s Premiers, who Friday wrapped their 2016 Summer Meeting in Whitehorse.…
Q2 catastrophe losses up 50.6% for Travelers after hail, wildfires
July 21, 2016 by Canadian UnderwriterThe Travelers Companies Inc. reported Thursday its combined ratio deteriorated 2.3 points, it renewed July 1 a property catastrophe reinsurance contract for Canada covering losses between $200 and $600 million (plus 50% of losses over $100 million), and that it…
Endurance’s estimated financial impact of several Cat events in 2016 Q2, including Alberta wildfires, is US$55.5 million
July 15, 2016 by Canadian UnderwriterBermuda-based Endurance Specialty Holdings Ltd. reported Thursday that the company’s initial estimated net negative financial impact of several catastrophic events in 2016 Q2, including the wildfires in Alberta, is US$55.5 million. The events included in the initial estimate include the…
Nearly $3.6 billion in insured losses from Fort McMurray wildfire: CatIQ
July 7, 2016 by Canadian UnderwriterInsured damage from the recent wildfire affecting Fort McMurray, Alta. is estimated at $3.58 billion, Insurance Bureau of Canada’s vice president western and Pacific, Bill Adams, said Thursday. A third of the $3.58 billion loss is commercial property, 5% is…
Vancouver area wildfire 60% contained, industrial park evacuation ends
July 6, 2016 Camille Bains - THE CANADIAN PRESSDELTA, B.C. – Weather is not considered a factor in the cause of a wildfire at a unique peat bog in Delta, B.C., as crews contained about 60% of the blaze on Tuesday, the fire chief says. Dan Copeland said…
Institute for Catastrophic Loss Reduction to share Fort McMurray research in July 12 webinar
July 4, 2016 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) has scheduled a webinar, July 12, on its preliminary findings of the forensic investigation into the wildfire damage in Fort McMurray, Alberta. “As catastrophic as it was, this disaster presents opportunities for learning…
Wildfire puts Delta, British Columbia under provincial emergency status
July 4, 2016 The Canadian PressDELTA, B.C. – The Burns Bog fire southeast of Vancouver was 10 per cent contained Monday morning, with crews hoping to fully contain the flames by the end of the day. Chief Dan Copeland of the Delta Fire Department said…
Response to Recovery
July 2, 2016 Bill Adams, Vice President, Western and Pacific, Insurance Bureau of CanadaWhat has been projected to be Canada’s largest insured loss event, the wildfire in and around Fort McMurray, perhaps will become known for something more positive: how early, co-ordinated and collaborative insurance industry response can help smooth the way to recovery.
Manitoba wildfires force evacuation of more than 2,000 people
June 24, 2016 by Canadian UnderwriterThe wildfire program of Manitoba Sustainable Development (MSD) said on Thursday that evacuation orders have been issued by the communities of Easterville and Chemawawin Cree Nation, 450 kilometres north of Winnipeg, due to smoke and threats from fires that have…
Pelican Lake wildfire threat eases, allowing Cenovus workers to return
June 9, 2016 The Canadian PressWABASCA, Alta. – An out-of-control wildfire in northern Alberta that prompted two companies to curtail heavy oil production in the Pelican Lake area is now being held, one of the companies says. Cenovus Energy Inc. (TSX:CVE) said it safely shut…