Claims
Levis, 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 devastating wildfires in the Fort McMurray area in May were a reminder of how lives […]
By Canadian Underwriter | August 15, 2016
2 min read
NEW ORLEANS – National Guard soldiers and other officials in boats and helicopters plucked more than 1,000 people from their homes and cars as “unprecedented, historic” flooding swamped Louisiana, the governor said Saturday, warning that the slow-moving storm would dump even more rain and cause further problems. At least two people were killed when swift-moving […]
By Jason Contant | August 14, 2016
4 min read
A water bomber that crashed in Alberta was too low to recover from an incipient spin caused by severe turbulence formed from a “fire whirl,” the Transportation Safety Board of Canada suggested in an investigation report released Thursday. On May 22, 2015, four Air Tractor AT-802A Fire Boss airplanes were dropping water on a forest […]
By Canadian Underwriter | August 12, 2016
SAN FRANCISCO – A hot tub’s faulty wiring ignited one of California’s most destructive wildfires, a blaze that killed four people, sent four firefighters to the hospital and destroyed more than 1,300 homes last year, officials said Wednesday. In addition, a fifth Northern Californian who was last seen in his home before it was destroyed […]
By Jason Contant | August 12, 2016
3 min read
The National Oceanic and Atmospheric Administration (NOAA) is now calling for a “higher likelihood of a near-normal or above-normal” Atlantic hurricane season, one that is still expected to be the most active since 2012. In its updated 2016 Atlantic Hurricane Season Outlook, issued on Thursday, NOAA also decreased the chance of a below-normal season to […]
By Canadian Underwriter | August 11, 2016
Continuing to build on its efforts to simplify and become more agile, Zurich Insurance Group reports that its business operating profit (BOP) for the first half of 2016 was US$2.194 million, down 2% from US$2.238 million for 2015 H1. Figures were more positive for the quarter ended June 30, 2016, with the company reporting BOP […]
It’s a tale of two summers this year in Canada, with rain – and the lack of it – causing concerns about the state of the country’s crops. In Ontario, officials are forecasting a strong fruit harvest but add that unusually dry conditions could mean some crops will have smaller yields and costs will be […]
Alberta’s Agriculture Financial Services Corporation (AFSC) said on Wednesday 1,289 new hail claims were created last week, while 3,089 hail claims are currently waiting for an inspector. AFSC, the Crown corporation with a private sector board of directors that provides farmers, agribusiness and other small businesses loans, crop insurance and farm income disaster assistance, also […]
The City of Prince Albert, Sask. has begun its claims process seeking financial remuneration from Husky Energy following a lengthy oil spill that the city says has cost it millions of dollars. The city is seeking compensation on a wide variety of costs, including the salaries of city workers and contractors and “material costs in […]
HALIFAX – An out-of-control wildfire near Kejimkujik National Park has grown yet again, Nova Scotia’s Natural Resources department said Wednesday as crews grappled with challenging weather conditions. The department said the blaze in the Seven Mile Lake area had been about 15 per cent contained, even as it grew more than 100 hectares to 350 […]
By The Canadian Press | August 10, 2016
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