Claims

Weather-related losses dampen ING’s profit in 2008 Q2

ING Canada Inc. (TSX: IIC) reported its profits declined to Cdn$112 million in 2008 Q2, down from the Cdn$194.3-million net income it reported last year.The company said the decline was due in part to severe winter weather storms, as well as weakness in the equity markets, resulting in a reduction in investment gains.The company’s return […]

By Canadian Underwriter | August 13, 2008

2 min read

TSR revises hurricane forecast, predicts stronger season

Based on current and projected climate signals, Tropical Storm Risk (TSR) has increased its outlook for Atlantic hurricane activity in 2008. TSR predicts Atlantic basin and U.S. landfalling hurricane activity in 2008 will be 90% above the long-term norm, as compared to the 35% above-norm predictions issued on July 4, 2008, according to a Benfield […]

By Canadian Underwriter | August 11, 2008

1 min read

Munich Re’s 2008 Q2 profit takes a hit due to market turmoil

Munich Re Group has recorded a profit of EUR1.4 billion (Cdn$2.2 billion) in the first six months of 2008, down from its profit of EUR2.1 billion (Cdn$3.4 billion) during the first half of 2007.”Despite marked reductions in share prices and the fall in the dollar, the profit for 2008 should be well above EUR2 billion […]

By Canadian Underwriter | August 6, 2008

2 min read

Tornadoes: The Hidden Damage

Detailed tornado research has used debris patterns and downburst damage surveys to help determine wind speeds during severe storms

By Gregory A. Kopp Professor, Boundary Layer Wind Tunnel Laboratory, University Of Western Ontario | July 31, 2008

3 min read