As we go to press with this issue, it is just past the one-year anniversary of Hurricane Katrina, a Category 3 hurricane with sustained winds of 200 km-h that unleashed the flood waters of Lake Pontchartrain in New Orleans and…
Critics may dismiss the dangers of global warming, but increasing sea temperatures are nonetheless linked to more intense Atlantic hurricanes, according to the 2006 edition of the annual publication, the Hazard & Risk Science Review.Researched and edited by Professor Bill…
Canadian P&C insurers were lucky 2005 catastrophes didn’t happen during a period of financial instability
Canadian companies have learned lessons from recent disasters, but are they prepared for The Big One?
Average insured homeowners throughout Gulf and Atlantic coastal communities have taken only half the steps that would best position them to recover from a major storm, according to a new Hurricane Readiness Index released in July.The Index is based on…
Alberta experienced one of the worst flood seasons on record in the summer of 2005 due to severe weather conditions, according to the Government of Alberta. These unprecedented conditions, which saw rainfall ranging from between 50 and 100 mm to…
New models are putting the squeeze on the insurance industry to conserve and increase capital
XN Holdings, Inc., parent company of XN Financial Services, XN Risk Insurance Services and XN Private Client Services, has launched XN Private Client Services on the Web at www.xn.com/pcs.First launched in 2005, XN Private Client Services is a managing general…
Alberta experienced one of the worst flood seasons on record in the summer of 2005 due to severe weather conditions, according to the Government of Alberta.These unprecedented conditions which saw rainfall ranging from between 50 and 100 mm to more…
D&O insurers believe Bill 198 in Ontario will make it easier for plaintiffs to sue Canadian companies and boards
Insurance brokers across the country are enjoying a refreshing period of quiet, stable markets. At the same time, Canadian brokers, faced with gradually declining rates – particularly in commercial and residential lines – are waiting for the proverbial other shoe…
Katrina. Rita. Wilma. These names are now associated with some of the worst – and most costly – natural disasters in history. On a global scale, natural catastrophes and man-made disasters set records in 2005. Hurricanes might have captured headlines,…