656 articles for fort mcmurray
Desjardins’ combined ratio up 26.5 points in Q2 2016, Fort McMurray wildfire losses estimated at $30.2 million
August 15, 2016 by Canadian UnderwriterLevis, Que.-based Desjardins General Insurance Group (DGIG) released its second quarter financial results on Friday, reporting an estimated expense of $30.2 million after reinsurance and income taxes related to the Fort McMurray wildfire and a combined ratio of 99.1%. “The…
Alberta announces financial assistance for small businesses affected by Fort McMurray wildfire
August 10, 2016 by Canadian UnderwriterAlberta’s Ministry of Economic Development and Trade announced on Tuesday that financial assistance for small businesses affected by the Fort McMurray wildfire will be available starting in September. Small businesses recovering from the wildfire will have access to two complementary…
President of the Canadian Independent Adjusters’ Association Comments on Insurance Claims Arising from Fort McMurray Wildfire
August 8, 2016 Canadian Independent Adjusters' AssociationWell, it happened. We knew it would. Everyone knew. It was just a matter of time. A really big one. Fort McMurray burned. At the time of this writing, the return of Fort McMurray residents and with them, loss adjusters…
RSA Group reports $75 million net claims cost for Fort McMurray wildfire in 2016 interim results
August 6, 2016 by Canadian UnderwriterRSA Insurance Group plc has reported a net claims cost of 39 million pounds – or $75 million – for the recent Fort McMurray wildfire and 35 million pounds for the United Kingdom and European floods in June in its…
Markel reports 3-point drop in combined ratio in Q2 2016 to 93%, US$25.3 million underwriting loss related to Fort McMurray wildfire
August 3, 2016 by Canadian UnderwriterMarkel Corporation has reported a 3 point drop in its combined ratio for the second quarter of 2016 ending June 30, from 96% in Q2 2015 to 93% in the most recent quarter, despite a US$25.3 million underwriting loss related…
Fort McMurray wildfire adds 9.2 points to Northbridge Insurance’s Q2 combined ratio
August 3, 2016 by Canadian UnderwriterThe recent wildfire in and near Fort McMurray, Alberta resulted in net incurred losses of $13.5 million for OdysseyRe and $20.9 million for Northbridge Insurance, the carriers’ parent company reported recently. All figures are in United States dollars. Fairfax Financial…
ServiceMaster Restore is Proud Sponsor of the 2016 Baseball Canada Cup in Fort McMurray
August 3, 2016 by ServiceMaster of Canada LimitedServiceMaster Restore is proud to be the major sponsor of the 2016 Baseball Canada Cup being held in Fort McMurray, Alberta from August 3rd through August 8th. This will be the first major sporting event held in the city since…
Intact reports $127 million loss from Fort McMurray wildfire, combined ratio up to 99.2% in Q2
July 27, 2016 by Canadian UnderwriterIntact Financial Corporation (IFC) reported a $127 million impact in its second quarter financial results from the Fort McMurray wildfire, bringing its combined ratio to 99.2% for the quarter, including 8.8. points of Fort McMurray catastrophe losses. “We delivered $114…
Higher prices from Fort McMurray wildfire to boost Q2 energy company results
July 21, 2016 Dan Healing - THE CANADIAN PRESSCALGARY – Analysts predict oil prices driven higher by production stoppages during the Fort McMurray, Alta., wildfires in May will bolster the bottom lines of Canadian oil and gas companies as they report financial results starting this week. Western Canada…
Allied World reports $10.3 million in reinsurance catastrophe losses from Fort McMurray wildfire
July 20, 2016 by Canadian UnderwriterAllied World Assurance Company Holdings AG reported Tuesday a 7.2-point improvement in its combined ratio, while the Fort McMurray, Alberta wildfires cost the carrier about $10.3 million and hail storms in Texas cost its reinsurance segment about $6 million and…
Direct economic impact of Fort McMurray wildfire expected to reach US$5 billion: Impact Forecasting
July 20, 2016 by Canadian UnderwriterThe overall direct economic impact of the Fort McMurray wildfire is expected to approach US$5 billion once all attributable losses are realized, according to Impact Forecasting, Aon Benfield’s catastrophe model development centre of excellence. “The first half of 2016 ended…
SCM Insurance Services Reopens Fort McMurray and Raises Over $32,000 for Red Cross
July 19, 2016 by SCM Insurance ServicesSCM Insurance Services, the parent company of ClaimsPro, is pleased to announce that it has reopened its Fort McMurray ClaimsPro office. ClaimsPro’s team of seven local adjusters remained active in the region during the wildfires, but are now reachable from…