Keyword
wildfires
IBC supports regional platform for disaster risk reduction outcomes, vows to continue working with government
March 15, 2017 by Canadian UnderwriterInsurance Bureau of Canada (IBC) has voiced the property and casualty industry’s continued support for efforts by the federal government to enhance disaster risk reduction and make communities more resilient. “Our industry remains committed to being a full partner with…
Slower winds in forecast could aid crews battling wildfires
March 9, 2017 Heather Hollingsworth - THE ASSOCIATED PRESSKANSAS CITY, Mo. – The winds fueling deadly wildfires that scorched vast swathes of land in four Plains states finally dropped Thursday, bringing hope to crews trying to contain the blazes. Emergency personnel warned, however, that extremely dry conditions and…
U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield
February 9, 2017 by Canadian UnderwriterMajor severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across…
A.M. Best projects combined ratio of 100.3% for U.S. industry in 2017
January 30, 2017 by Canadian UnderwriterThe industry-wide combined ratio of the United States property & casualty insurance industry is estimated to have deteriorated by 2.4 points to 100.7% in 2016, A.M. Best Company Inc. said in a recent report. The decline in underwriting performance “was…
In Tennessee wildfires, officials estimate $500M in damage
December 14, 2016 Jonathan Mattise - THE ASSOCIATED PRESSNASHVILLE – Deadly wildfires caused more than $500 million in damage as they tore through a tourism community in the foothills of the Great Smoky Mountains and killed 14 people, local officials estimated Tuesday. Sevier County Mayor Larry Waters put…
Southern U.S. drought relents but not over, despite recent rains
December 8, 2016 Jeff Martin - THE ASSOCIATED PRESSATLANTA – Recent showers and storms across much of the South have eased the severe drought in the region, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. More rain…
Wildfires scorch tourist area in Tennessee; thousands flee
November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESSPIGEON FORGE, Tenn. – Wildfires fueled by high winds roared through parts of the Great Smoky Mountains, burning the doorstep of the Dollywood theme park, destroying a resort and chasing thousands of people from their homes. National Guard troops arrived…
BC Wildfire Service interactive map helps distinguish between registered, open burns and wildfires
November 18, 2016 by Canadian UnderwriterThe BC Wildfire Service is making an interactive map that displays details and locations for specific registered fires available on its website. Although wildfires are rare in British Columbia at this time of year, smoke from legal, registered open burns…
Wildfires, smoke shroud southern end of Appalachian Trail
November 11, 2016 Jeff Martin - THE ASSOCIATED PRESSATLANTA – All but a few of the nation’s largest active wildfires Thursday were burning in the South, where a relentless drought has turned pine trees into torches and forced evacuations in dozens of communities in the Appalachian foothills. High…
IBC commends federal government’s focus on infrastructure and flood mitigation in 2016 fall economic statement
November 2, 2016 by Canadian UnderwriterThe Insurance Bureau of Canada (IBC) is applauding the Government of Canada’s focus on infrastructure investments and flood mitigation in its recently released Fall Economic Statement 2016. In the statement, released on Tuesday, the federal government proposed $21.9 billion over…
Alberta government introduces bill aimed at reducing human-caused wildfires and enhancing firefighting operations
November 1, 2016 by Canadian UnderwriterThe government of Alberta announced on Monday that it has tabled a bill introducing measures aimed at reducing the number of wildfires caused by humans and enhancing firefighting operations in the province. Bill 24, the Forest and Prairie Protection Amendment…
Nat-cats contribute to decrease in net income at SCOR for first three quarters of 2016 compared to prior-year period
October 27, 2016 by Canadian UnderwriterThe Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first…