Canadian Underwriter

Keyword
wildfires


News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

B.C. extends state of emergency for second time over wildfires

August 4, 2017 The Canadian Press (CPSTF)

VICTORIA – The British Columbia government has extended a state of emergency declared in response to the raging wildfires that have devastated numerous areas of the province’s Interior. This is the second time Premier John Horgan’s government has extended the

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Controlled burns crucial in battling big wildfires, B.C. official says

August 3, 2017 Geordon Omand - THE CANADIAN PRESS

VANCOUVER – A spokesman for British Columbia’s wildfire service says crews accidentally sparked a blaze while burning off fuel in order to contain one of many fires raging across the province’s Interior. Kevin Skrepnek says embers ignited a nearby hillside

News CatastrophesInsuranceLegislation / Regulation

New Brunswick minister issues order restricting forestry operations to help mitigate fire risks

August 3, 2017 by Canadian Underwriter

New Brunswick’s Energy and Resource Development Minister, Rick Doucet, has issued a ministerial order effective noon on Thursday that orders restrictions on forestry operations throughout the province. The order, under the Forest Fires Act, is one step to “reduce risks

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Unrelenting heat, wind and lightning keeping firefighters, homeowners anxious in B.C.

July 28, 2017 The Canadian Press (CPSTF)

KAMLOOPS, B.C. – Hot, dry conditions, gusty winds and a chance of lightning are expected to keep wildfire crews in British Columbia watchful this weekend. The BC Wildfire Service said its weather forecasters have issued a wind warning for the

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

B.C. ranchers say costs of wildfires likely top hundreds of millions

July 25, 2017 The Canadian Press (CPSTF)

KAMLOOPS, B.C. – The British Columbia Cattlemen’s Association says wildfires have inflicted a terrible financial and emotional toll on its members. Association manager Kevin Boon says wildfires that broke out earlier this month in B.C.’s Cariboo and Chilcotin regions are

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

State of emergency continues as wildfires affect interior B.C.

July 13, 2017 by Canadian Underwriter

Mining and wood products are among the industries affected by wildfires in British Columbia’s interior, where a state of emergency is in place. Imperial Metals Corp. announced Wednesday that an open pit copper/gold mine 56 kilometres northeast of Williams Lake

News CatastrophesInsuranceMergers and Aqcuisitions

Saskatoon thunderstorm estimated to cost over US$30 million, floods and convective storms cost global economy US$5 billion in June: Aon Benfield

July 6, 2017 by Canadian Underwriter

A thunderstorm over Saskatoon on June 2 that spawned ping pong ball-sized hail is estimated to cost more than US$30 million, Aon Benfield said in its Global Catastrophe Recap report for the month of June. The fast-developing thunderstorm caused the

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Earth likely to see increase in frequency and intensity of storms, wildfires and flooding: AIR Worldwide

July 5, 2017 by Canadian Underwriter

The earth is likely to see an increase in the frequency and intensity of weather phenomena, including severe thunderstorms, wildfires, inland floods and coastal flood, according to projections from catastrophe risk modelling firm AIR Worldwide. The projections were contained in

News CatastrophesClimate ChangeInsuranceMergers and AqcuisitionsTechnology

Loss adjusting innovation emerging in light of insurance claims for forest fires: Cunningham Lindsey

June 6, 2017 by Canadian Underwriter

Greater complexity in insured losses sparked by forest fires has produced a bright spot: innovation in how loss adjusters are tackling these events, suggests a new review from Cunningham Lindsey. Released Tuesday, the company’s 2017 Major and Complex Loss Review

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

PERILS discloses second loss estimate of 259 million euros for extratropical cyclone Zeus

June 6, 2017 by Canadian Underwriter

PERILS AG has disclosed a second loss estimate for extratropical cyclone Zeus of 269 million euros. The revised estimate, released on Tuesday, is for the property insurance market loss, said PERILS, an independent organization based in Zurich, Switzerland that provides

News CatastrophesInsuranceMergers and Aqcuisitions

PERILS discloses second property loss estimate of 234 million euros for extratropical cyclone Egon

April 12, 2017 by Canadian Underwriter

PERILS AG has disclosed its second loss estimate of 234 million euros for extratropical cyclone Egon, which affected France and Germany on Jan. 12 and 13 of this year. The cold front associated with Egon resulted in heavy rain and

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.