Canadian Underwriter

wind storm

News CatastrophesClimate Change

Hurricane force gusts expected to hit N.L., as windy storm sweeps East Coast

March 15, 2022 Michael Tutton - THE CANADIAN PRESS

HALIFAX – Powerful and potentially damaging winds and heavy precipitation are forecast to hit the East Coast over the weekend, with hurricane-force gusts expected in Newfoundland and Labrador. Environment Canada is calling for an extended period of strong gusts beginning

News Insurance

Cat counter starts the year at $134 million for winter storms

February 19, 2021 by David Gambrill

For the Canadian P&C insurance industry, Cat activity roared in like a lion in January, but has looked more like a kitten since then. Two winter storms in Western Canada caused more than $134 million in insured damage, based on

News CatastrophesClaims

Ontario, Quebec wind storm to test industry capacity: Crawford

May 8, 2018 by Jason Contant

The wind storm that struck Ontario and Quebec on May 4 and 5 will significantly test the capacity of insurers, independent adjusters, call centres and restoration contractors, Crawford and Company (Canada) Inc. told Canadian Underwriter Monday. Generally speaking, wind claims

News CatastrophesInsuranceMarkets / Coverages

Chief in Bella Bella, B.C. demands action on wildfire near coastal community

February 6, 2017 The Canadian Press

BELLA BELLA, B.C. – The chief of a village near British Columbia’s Great Bear Rainforest says members of the First Nations community fought a wildfire on their own this weekend after they were unable to get help from provincial government

News CatastrophesInsuranceMergers and Aqcuisitions

First autumn wind storm over southern B.C. cuts power to thousands of customers

October 7, 2016 The Canadian Press

VANCOUVER – BC Hydro crews across Vancouver Island and British Columbia’ south coast are working hard to restore power to thousands of customers following the region’s first autumn wind storm. Gusts of nearly 90 kilometres per hour were recorded during

News AssociationsCatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

RMS estimates potential 1-in-500 year catastrophe loss at 10 sea ports

August 8, 2016 by Canadian Underwriter

Six of the ten ports with the highest potential insured loss from natural catastrophes are on the United States gulf coast, Risk Management Solutions (RMS) Inc. said in a release Monday. Newark, Calif.-based RMS ranked the top 10 ports in

News CatastrophesInsuranceMarkets / CoveragesReinsurance

“Entire new sponsors” will enter insurance linked securities market: Swiss Re

August 5, 2016 by Canadian Underwriter

The total value of outstanding insurance-linked securities issuance dropped from $24 billion to $22.3 billion between Jan. 1 and June 30, Swiss Re Capital Markets Corp. said in a report released Thursday, observing that issuance “came to a screeching halt”

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Thousands without power in Quebec after brief wind storm

July 19, 2016 The Canadian Press

Almost 13,000 Hydro Quebec customers were without electricity late Monday following a brief but powerful wind storm earlier in the day. The community of Roxton Falls east of Montreal appeared to bear the brunt of the storm, with trees and