Canadian Underwriter

Keyword
wildfires


News CatastrophesInsuranceMergers and Aqcuisitions

Wildfires scorch tourist area in Tennessee; thousands flee

November 29, 2016 Steve Megargee and Jonathan Mattise - THE ASSOCIATED PRESS

PIGEON 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

News CatastrophesInsuranceMarkets / CoveragesTechnology

BC Wildfire Service interactive map helps distinguish between registered, open burns and wildfires

November 18, 2016 by Canadian Underwriter

The 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

News CatastrophesInsurance

Wildfires, smoke shroud southern end of Appalachian Trail

November 11, 2016 Jeff Martin - THE ASSOCIATED PRESS

ATLANTA – 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

News CatastrophesClimate ChangeInsurance

IBC commends federal government’s focus on infrastructure and flood mitigation in 2016 fall economic statement

November 2, 2016 by Canadian Underwriter

The 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

News CatastrophesInsuranceLegislation / RegulationMergers and Aqcuisitions

Alberta government introduces bill aimed at reducing human-caused wildfires and enhancing firefighting operations

November 1, 2016 by Canadian Underwriter

The 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

News CatastrophesClimate ChangeEarnings / RatingsMergers and Aqcuisitions

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 Underwriter

The 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

News CatastrophesInsuranceMergers and Aqcuisitions

BC Wildfire Service making “good progress” on 23 small wildfires in province’s southeast

September 2, 2016 by Canadian Underwriter

The BC Wildfire Service has reported that its firefighters are making “good progress” on the two dozen small lightning-caused wildfires that started in the southeast part of the province over the past week. Since Aug. 29, BC Wildfire Service crews

News CatastrophesInsuranceLegalMergers and AqcuisitionsReinsurance

Reinsurance disputes and CBI exposures possible after North American wildfires and Louisiana floods: CMS lawyer

September 2, 2016 by Canadian Underwriter

A year of fire and floods in North America could lead to a repeat of 2007, when reinsurance disputes emerged over causation issues, a lawyer with global law firm CMS said on Friday. Alex Denslow, a partner with the Insurance

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Canada ‘missed the boat’ on economic policies to mitigate climate change: doctor

August 22, 2016 The Canadian Press

VANCOUVER – A leading expert on climate change says Canada “has missed the boat” when it comes to developing renewable energy resources that would mitigate the impact of global warming and its impact on human health. Dr. James Orbinski, who

News CatastrophesInsuranceMergers and Aqcuisitions

California officials: Faulty hot tub caused deadly 2015 fire

August 12, 2016 Paul Elias - THE ASSOCIATED PRESS

SAN FRANCISCO – A hot tub’s faulty wiring ignited one of California’s most destructive wildfires, a blaze that killed four people, sent four firefighters to the hospital and destroyed more than 1,300 homes last year, officials said Wednesday. In addition,

News CatastrophesClimate ChangeEarnings / RatingsInsurance

Argo Group International Holdings Ltd., Blue Capital Reinsurance Holdings Ltd. report Alberta wildfires will have second-quarter impact

July 18, 2016 by Canadian Underwriter

Estimated losses from the Fort McMurray wildfires have hit another two companies operating in the reinsurance industry, with Bermuda-based Argo Group International Holdings Ltd. and Blue Capital Reinsurance Holdings Ltd. reporting late last week the event will have an impact

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

XL Group’s preliminary loss estimate for nat-Cats in 2016 Q2 US$240 million, Fort Mac wildfires largest loss

July 14, 2016 by Canadian Underwriter

XL Group plc’s preliminary net loss estimate relating to natural catastrophes – including the largest single loss from the Alberta wildfires – is US$240 million for the second quarter of 2016, the company announced Wednesday. This estimate – pretax and