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Southern Ontario windstorm in March caused close to $100 million in insured damage: CatIQ

April 18, 2017 by Canadian Underwriter

A windstorm that affected parts of southern Ontario on March 8 has resulted in nearly $100 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) said on Tuesday in a press release from the Insurance Bureau of Canada (IBC).

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Newfoundland Power crews describe weekend storm as ‘worse than hurricane Igor’


JOHN’S, N.L. – Newfoundland Power is continuing work to restore electricity to areas of the province ravaged by a massive weekend windstorm. Utility spokeswoman Michele Coughlan said 5,000 customers were still without power early Monday – a figure down from

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Wind, hail storms in Texas contribute to $318m in Q1 catastrophe losses for Travelers

April 26, 2016 by Canadian Underwriter

The Travelers Companies Inc. reported catastrophe losses of $318 million during the three months ending March 31, up 96% from $162 million during the same period in 2015, while Q1 earned premiums in personal insurance rose 6.2% year-over year. All

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Final property market loss for windstorm Mike-Niklas estimated at 816 million euros

March 29, 2016 by Canadian Underwriter

Windstorm Mike-Niklas, which affected parts of western and central Europe from March 29 to April 1, caused an estimated property market loss of 816 million euros, PERILS AG said on Tuesday. The fourth and final loss estimate for the windstorm,