Claims
The federal and Manitoba governments announced on Friday that they are expanding the province’s network of automated weather stations to provide farmers with more accurate information on rain and snowfall distribution. Manitoba has a total of 61 automated stations operated by the provincial government that provide timely, detailed information of use to Manitoba farmers, free […]
By Canadian Underwriter | January 8, 2016
2 min read
Field crews with the U.S. Geological Survey (USGS) are measuring record flooding on rivers and streams in 12 states across the country, with more than 50 preliminary record-high flood measurements along the Mississippi and Ohio Rivers and their tributaries. The USGS said in a statement earlier this week that it is making preparations for a […]
4 min read
Allstate Insurance Company of Canada is applying, to the Supreme Court of Canada, for leave to appeal a ruling arising from a notice denying benefits to an Ontario auto claimant. Court records indicate that Allstate essentially contends that the two-year limitation period in Ontario started when the denial of benefits notice was sent to a […]
3 min read
CHESTERMERE, Alta. – The Alberta government is beginning to meet with residents affected by a massive rain and hail storm which flooded streets in Chestermere last July. Residents in Chestermere and Rocky View County will have until March 16 to apply for disaster relief funding because of last summer’s storm. Municipal Affairs Minister Danielle Larivee […]
By The Canadian Press | January 8, 2016
1 min read
Windstorm Elon-Felix, which affected western and northern Europe in January 2015, resulted in a final loss estimate of 329 million euros, according to PERILS AG, a Zurich-based insurance industry initiative that provides exposure and event loss data. Issued on Friday, the fourth and final PERILS property market loss estimate for Elon-Felix is 329 million euros, […]
International property catastrophe reinsurance rates dropped from 5% to 15% on renewal Jan. 1, after a quiet Atlantic hurricane season and with the availability of alternative sources of capital, Fitch Ratings Inc. suggested Wednesday. “Based on broker and market reports, pricing continued to decline at the Jan. 1, 2016 reinsurance renewals, with US catastrophe reinsurance […]
HALIFAX – Nova Scotia’s health minister said Thursday that he will press his federal counterpart for financial help to replace a beleaguered hospital that saw its heating system knocked out this week following a series of leaks. Leo Glavine appeared again before reporters to talk about the latest problem at Halifax’s Victoria General Hospital site, […]
By The Canadian Press | January 7, 2016
The average annual temperature in the United States in 2015 was the second warmest on record, the National Oceanic and Atmospheric Administration (NOAA) said on Thursday. Only 2012 was warmer, with an average temperature of 55.3°F, compared to the 2015 annual average U.S. temperature of 54.4°F, NOAA said in a summary report. The 2015 average […]
By Canadian Underwriter | January 7, 2016
VANCOUVER – New research suggests farms in developed countries may be more vulnerable to longer, deeper droughts predicted to occur as a result of climate change. “(Those farms) are really good in terms of producing high yields in stable climates, but maybe they’re more vulnerable to weather shocks,” said Navin Ramankutty of the University of […]
An agriculture risk management review task force in Manitoba has recommended researching and developing new insurance tools such as weather derivatives and whole-farm revenue insurance. The recommendation was one of 25 made by the provincially appointed task force, which examined ways the industry can prepare for climate-related risks. The recommendations will also lay the foundation […]
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