Canadian Underwriter

Keyword
wildfires


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

News CatastrophesInsuranceMergers and Aqcuisitions

Wildfires rage across Western US, but homes mostly spared

June 22, 2016 John Antczak - THE ASSOCIATED PRESS

LOS ANGELES – For days, wildfires have raged amid spiking heat across Southern California and much of the West, driving hundreds of people from their homes. Yet homes have overwhelmingly remained safe so far, after aggressive and strategic firefighting and

News CatastrophesClimate ChangeInsurance

B.C. premier says climate change is sparking need for national forest fire plan

May 19, 2016 Bruce Cheadle - THE CANADIAN PRESS

OTTAWA – Climate change is leading to more wildfires and the country needs a national forest firefighting strategy, says B.C. Premier Christy Clark. While the country has been transfixed by the raging fires around Fort McMurray in northern Alberta, British

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Canada must work to be better-prepared for natural disasters: IBC’s Forgeron

May 18, 2016 by Canadian Underwriter

Canada needs a “thoughtful, sustainable approach” to address losses associated with severe weather, including floods and fires that are expected to become a growing problem in future, Don Forgeron, president and CEO of Insurance Bureau of Canada (IBC), suggested in

News CatastrophesInsuranceLegalMergers and Aqcuisitions

String of wildfires in British Columbia believed to be arson, BC Wildfire Service says

May 10, 2016 by Canadian Underwriter

Investigators with the BC Wildfire Service and provincial natural resource officers have found evidence to suggest at least 10 separate wildfires in three distinct areas have been deliberately set. Extra conservation officers have been brought in to help with the

News CatastrophesInsuranceMergers and Aqcuisitions

45 new wildfires burn in northeast British Columbia over two-day period

April 20, 2016 by Canadian Underwriter

The BC Wildfire Service has responded to 45 new wildfires in northeast British Columbia over a two-day period, the Ministry of Forests, Lands and Natural Resource Operations said on Tuesday. The ministry said in a statement on Tuesday evening that

News CatastrophesLegislation / RegulationMergers and Aqcuisitions

B.C. has seen 59 wildfires since April 1, forestry ministry says

April 18, 2016 by Canadian Underwriter

BC Wildfire Service crews have responded to 59 wildfires since April 1, including 12 in the Prince George Fire Centre, the British Columbia Ministry of Forests, Lands and Natural Resource Operations said on Friday. Almost all of the wildfires were