663 articles for fort mcmurray

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

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…

Over 30 Juno Awards to be represented on stage to perform at Benefit Concert #BackFortMac, Monday June 27

Toronto – Hub International’s Eileen Greene is challenging the insurance industry, companies, vendors, brokers and suppliers to step up to the plate to support the fundraising concert #BackFortMac on Monday June 27, 2016 at Toronto’s Roy Thomson Hall at 7:30 p.m.…

Tenor John McDermott, Guitarist Liona Boyd and Rocker Alan Frew to Perform at Benefit Concert #BackFortMac

TORONTO, ON – Canadian tenor John McDermott, classical guitarist and 5-time Juno Award winner Liona Boyd, and legendary rocker, author, and 5-time Juno Award winner and Grammy Award nominee Alan Frew of Glass Tiger will perform #BackFortMac #TheConcert on June 27 at…

Under pressure: brokers try to deal with the Fort Mac claims crunch

“It’s been extremely stressful…”

IBC says insurers are confident they have resources to process Fort Mac claims quickly

“Industry comes together on these types of events”

DBRS says major insurers well placed to handle Fort Mac Disaster

Puts claims at $2 to $6 billion

Economical puts first estimate of Fort Mac losses at $35 to $45 million

Cat reinsurance coverage will kick in at $30 million

Heat Map

Reinsurers bore a large portion of the Fort McMurray wildfire losses. Now, they want better data on Canada’s high-risk areas

Taming the Flaming Cats

The biggest lessons from catastrophes such as Fort McMurray, and how to apply them in the future

On the front lines

The Fort McMurray wildfires racked up $3.58 billion in insured losses—the costliest disaster in Canadian history. The fires burned for 15 months, spanned 6,000 square kilometres, destroyed 2,400 homes and businesses, and displaced nearly 90,000 residents.

A year and a half later, with thousands still in temporary accommodations, CITB looks back at the unprecedented role Canada’s insurance industry played in the crisis response. With the B.C. wildfires making headlines this year and an anticipated rise in weather-related catastrophes, what can brokers learn from the aftermath of Fort McMurray?

P&C industry results show improvement in Q2: MSA

2017 is proving to be a “more normal CAT year” following the Fort McMurray fires in 2016, said MSA CEO

P&C stable in 2017 but faces significant market pressures: A.M. Best

The outlook follows a challenging 2016 in which the industry grappled with the Fort McMurray wildfires