U.S. severe weather, flooding leads to billion-dollar cost for insurance industry in January: Aon Benfield
February 9, 2017 by Canadian UnderwriterMajor severe weather and flood events in the United States in January led to billion-dollar cost for the insurance industry, according to Aon Benfield’s latest Global Catastrophe Recap. The January report noted that separate major severe weather outbreaks swept across…
Businesses need to ask how quickly stolen equipment can be replaced: Northbridge
February 8, 2017 by Canadian UnderwriterTheft of equipment is one risk business owners should think about when planning for business continuity, Northbridge Insurance advised recently. “Crime can take many forms and affect businesses in different ways,” Toronto-based Northbridge noted in a blog post, titled Business…
Dozens injured in tornadoes across southern Louisiana
February 8, 2017 Kevin McGill - THE ASSOCIATED PRESSNEW ORLEANS – Brittany Ross remembers she was savoring the smell of her aunt’s simmering white beans when the storm that injured about 40 people in southeastern Louisiana hit. “The place started shaking, kind of twisting,” she said Tuesday as…
Storms preview sea rise damage to California roads, cities
January 31, 2017 Ellen Knickmeyer - THE ASSOCIATED PRESSSAN FRANCISCO – Ocean rise already is worsening the floods and high tides sweeping California this stormy winter, climate experts say, and this month’s damage and deaths highlight that even a state known as a global leader in fighting climate…
A.M. Best projects combined ratio of 100.3% for U.S. industry in 2017
January 30, 2017 by Canadian UnderwriterThe industry-wide combined ratio of the United States property & casualty insurance industry is estimated to have deteriorated by 2.4 points to 100.7% in 2016, A.M. Best Company Inc. said in a recent report. The decline in underwriting performance “was…
Flooding and damaging winds most destructive U.S. natural hazards in 2016: CoreLogic
January 26, 2017 by Canadian UnderwriterNatural hazard activity in the United States in 2016 was “relatively average or below average,” with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew, CoreLogic, Inc. said on Thursday.…
U.S. Storm Prediction Center issues high risk outlook for January for first time in two decades: RMS
January 26, 2017 by Canadian UnderwriterThe severe storms that have struck the southern United States have prompted the Storm Prediction Center (SPC) to issue a “high risk” outlook in the month of January for the first time in nearly two decades, Risk Management Solutions, Inc.…
Georgia’s insurance commissioner estimates US$100 million in property damage from storms
January 25, 2017 by Canadian UnderwriterGeorgia’s insurance commissioner is estimating US$100 million in property damage from storms and tornadoes that devastated parts of the state and resulted in at least 15 deaths. Commissioner Ralph T. Hudgens said in a press release issued Wednesday that “hundreds”…
California governor declares states of emergency in 50 counties following severe winter storms
January 24, 2017 by Canadian UnderwriterCalifornia Governor Edmund G. Brown Jr. has declared states of emergency in about 50 counties following severe winter storms across the state. On Monday, Brown issued two emergency proclamations to secure funding to help communities respond to and recover from…
More tornadoes ahead as death toll reach 15 in southeast U.S.
January 23, 2017 Pamela Sampson - THE ASSOCIATED PRESSATLANTA – A weekend of deadly weather in the Southeast killed 15 people and injured dozens more, authorities said Sunday, while residents along the Georgia-Florida line were bracing for more intense, fast-moving storms – including unusually strong “long track” twisters.…
Rain, snow storms pummel the U.S. West; more wet weather on way
January 20, 2017 Scott Sonner - THE ASSOCIATED PRESSRENO, Nev. – More winter snow and rain pummeled the West on Thursday as the first in a series of expected storms soaked morning commuters in much of California, dumped 18 more inches of snow in the Sierra Nevada and…
Small tornado touches down as storm wallops California
January 11, 2017 Eric Risberg and Janie Har - THE ASSOCIATED PRESSSAN FRANCISCO – A small tornado was whipped up as part of a powerful band of thunderstorms that moved through Northern California during the latest deluge that has downed trees, swollen rivers and prompted evacuations over flood fears. The tornado…