Pembroke, Bermuda-based AXIS Capital Holdings Limited announced on Monday its preliminary estimate of second quarter 2016 catastrophe and weather-related losses, including major losses from the Fort McMurray wildfire. AXIS Capital’s preliminary estimate of Q2 2016 cat and weather-related pre-tax losses…
The Insurance Bureau of Canada (IBC) has announced that Fort McMurray #468 First Nation has been selected by Specialized Property Evaluation Control Services Ltd. (SPECS) to carry out the coordinated demolition and debris removal initiative following the Fort McMurray wildfire.…
Fort McMurray’s #468 First Nation has been selected by Specialized Property Evaluation Control Services to carry out the wildfire debris removal initiative said the Insurance Bureau of Canada last Friday. The selection followed a competitive bidding process. Affected residents have…
ATLANTA (July 14, 2016) – After launching a global Employee Giving Program two months ago, Crawford & Company® will present the Canadian Red Cross with more than $100,000 to help the citizens of Northern Alberta with essential needs. The program…
Business Interruption & Civil Authority Coverage Issues with the Fort McMurray, Alberta wildfire
OTTAWA – The Bank of Canada is cutting its economic outlook for the year, saying the extensive damage from the Alberta wildfires will result in an economic contraction in the second quarter. The central bank’s forecast was released Wednesday along…
CALGARY – Oilsands producers are not expected to be among the recipients of a record insurance payout arising from the wildfire in Fort McMurray, Alta., in May even though some of them had to halt production for weeks at a…
Insured damage from the recent wildfire affecting Fort McMurray, Alta. is estimated at $3.58 billion, Insurance Bureau of Canada’s vice president western and Pacific, Bill Adams, said Thursday. A third of the $3.58 billion loss is commercial property, 5% is…
The Institute for Catastrophic Loss Reduction (ICLR) has scheduled a webinar, July 12, on its preliminary findings of the forensic investigation into the wildfire damage in Fort McMurray, Alberta. “As catastrophic as it was, this disaster presents opportunities for learning…
FORT MCMURRAY, Alta. – The man who led the fight against the wildfire that devastated parts of Fort McMurray in May is urging changes to the way homes are rebuilt to avoid similar destruction in the future. Fort McMurray fire…
Hub International’s Eileen Greene challenged the insurance industry, companies, vendors, brokers and suppliers to step up to the plate to support the Fort McMurray fundraising concert #BackFortMac, held June 27 at Toronto’s Roy Thomson Hall. A stellar line-up of Canadian…
The province of Alberta has announced that a new first responder radio system will launch on July 1. The Alberta First Responders Radio Communications System (AFRRCS) will let first responders communicate with each other more effectively, Alberta Justice and Solicitor…