659 articles for fort mcmurray
Widespread reinsurance pricing stabilization remains elusive: Willis Re
July 4, 2016 by Canadian UnderwriterAny indication of widespread reinsurance pricing stabilization remains elusive amidst an environment of continuing market softening in the June/July renewal season, lack of catastrophe losses and abundant capacity across virtually all classes and territories, notes a new report issued Friday…
Death of the Pricing Cycle?
July 1, 2016 Sean van Zyl, Freelance WriterThe medieval nursery rhyme, ring a ring o’ roses, depicting the ravages of the black plague, could well represent a metaphor for the property and casualty insurance industry’s past erratic pricing behaviour. Now, with a record level of excess capital awash in the global marketplace, has the historical pricing cycle been broken forevermore?
Climate change turning the world’s bogs into fire hazards, researchers warn
June 29, 2016 by Canadian UnderwriterThe peat bogs of the world, once waterlogged repositories of dead moss, are being converted into fuel-packed fire hazards that can burn for months and generate deadly smoke, warns a researcher from McMaster University in Hamilton, Ont. New research from…
Climate change forcing builders to rethink how they design structures: expert
June 27, 2016 Alexandra Posadzki - THE CANADIAN PRESSTORONTO – Severe weather events like wildfires and floods are becoming more frequent and more difficult to predict, forcing architects and engineers to rethink how they design buildings, infrastructure and cities. Brock Schroeder, managing director of engineering firm Entuitive, says…
The Digital Edition of Canadian Underwriter’s June 2016 issue
June 23, 2016 by Canadian UnderwriterDigital Edition below ↓ Cover Story: ‘Technology Assist’ Growing use of technology solutions during natural disasters — as evidenced by happenings in Fort McMurray — looks poised to continue, with different options and more applications becoming a natural part of…
Flood losses expected to dampen French, German insurers’ first-half earnings: A.M. Best
June 21, 2016 by Canadian UnderwriterFlood losses in the wake of storms Elvira and Friederike in late May and early June are not expected to result in ratings actions, but it is anticipated they will hit first-half results for French and German insurers, notes a…
Wildfire loss to oilsands at least 30 million barrels worth $1.4 billion
June 15, 2016 Dan Healing - THE CANADIAN PRESSCALGARY – Analysts say lost oilsands production from the Fort McMurray wildfires could top 30 million barrels and cost the industry upwards of $1.4 billion. Some of the largest oilsands producers in the province were forced to shut down or…
#YMM: Getting The Job Done
June 13, 2016 by STRONE-ItechSTRONE Inc. is pleased to share the news that Fort McMurray International Airport opened on schedule on June 10 following a major cleanup project that started on May 31. “When we heard about the fire and what it had done…
Connections at IBAA’s 2016 Convention
June 10, 2016 IBAAInsurance Brokers Association of Alberta held another successful convention and AGM in picturesque Banff, Alberta, May 15 to 18. Following the convention’s “connect” theme, energy accelerated as many events leapt between entertainment, presentation, meeting, or networking. Keynote Richard Bertram (WestJet’s…
2013 Calgary floods spawned ‘increased demand’ for services from non-profits: World Conference on Disaster Management speaker
June 9, 2016 Greg Meckbach, Associate EditorNon-profit organizations need to be prepared for natural disasters so they can help deliver public services, speakers suggested Tuesday at the World Conference on Disaster Management. From research conducted after the floods in affecting southern Alberta in 2013, the Calgary…
Need exists to embrace all tools, including social media, to enhance emergency management and response
June 8, 2016 Angela Stelmakowich, EditorSocial media can serve as an important tool in a scattergun approach that helps the public to be better informed, further engaged and more prepared in the event of an emergency or disaster, suggests Melanie Irons, PhD, psychology lecturer with…
AON estimates $7 billion in claims from global disasters
June 8, 2016 byReport outlined cats in Alberta, Europe, the U.S. and parts of Asia