CALGARY – Construction and cleanup firms are already mobilizing to help rebuild Fort McMurray, Alta., after the wildfires, a monumental effort that’s expected to take years. Ben Dutton at the Casman Group of Companies says he has crews heading up…
FORT MCMURRAY, Alta. — The Canadian Nuclear Safety Commission is sending specialists to Fort McMurray to help emergency crews check out radiological devices that may have been affected by the wildfire. The equipment – which includes radiography cameras used to…
May 12, 2016 – Brampton, ON, Canada – Newtron Group, Canada’s leader in Equipment Restoration, is committed to reducing losses for all businesses, residents, and essential services in Alberta as they begin their recovery process. Time is of the essence…
Impossible to say how soon residents will be able to go home
Economical Insurance estimates its pre-tax losses related to the Fort McMurray wildfire will be $35 million to $45 million, net of reinsurance recoveries and reinstatement premiums. Economical Insurance said in a statement on Wednesday that its catastrophe reinsurance coverage commences…
TORONTO – ClaimsPro, Canada’s largest adjusting and claims management company, has teamed up with Opta, SCM Insurance Services’ analytic arm, to offer clients specialized Catastrophic (CAT) Exposure Services following the recent events in Fort McMurray. ClaimsPro is leveraging Opta’s analytics…
The Fort McMurray wildfire has the potential to give rise to “much more complex issues for the reinsurance market than may appear at first sight,” particularly surrounding issues of causation, aggregation and contingent business interruption (CBI), said a partner with…
EDMONTON – Alberta Premier Rachel Notley says the “ocean of fire” that hit Fort McMurray burned about 10 per cent of the buildings, but the hard work of firefighters saved the bulk of the city so it can be rebuilt.…
May 9, 2016- Toronto, Canada- The team at PT&C|LWG is dedicated to assisting with the mitigation, restoration and peace of mind for the people of Alberta. We have already mobilized our CAT team and are ready to head in to…
Intact Financial Corporation’s (IFC) assessment of its insured damages from the Fort McMurray wildfire using satellite imagery and its exposure geocoding technology ranges from $1 to $1.20 per share, the insurer said on Monday. The assessment range, while early, is…
Credit rating agency Moody’s does not anticipate the massive wildfire in and around Fort McMurray will be a credit event for Canada’s property and casualty industry, but is likely to have an impact on 2016 Q2 results for property insurers.…
“Creative solutions on the fly”