Claims
The Wildfire Management Branch (WMB) of British Columbia’s Ministry of Forests, Lands and Natural Resource Operations reported on Thursday that it is responding to five new wildfires in the Prince George Fire Centre. The blazes come at a time when WMB crews and support personnel are already “very busy” fighting the Little Bobtail Lake fire […]
By Canadian Underwriter | May 22, 2015
2 min read
Four wind/hail weather events accounted for more than 90% of Allstate Corporation’s estimated catastrophe losses for April, the insurer reported on Thursday. The Northbrook, Ill.-based company reported that the estimated catastrophe losses for the month of April were US$273 million, pretax (US$177 million after tax). “Catastrophe losses occurring in April comprised six events at an […]
By Canadian Underwriter | May 21, 2015
1 min read
Ottawa leads the pack of 15 Canadian cities in flood preparedness, according to a new study commissioned by The Co-operators. The study, released on Thursday, was written by Dr. Blair Feltmate, an associate professor in the Faculty of Environment at the University of Waterloo. Prepardness of fifteen Canadian cities to limit flood damage assessed the […]
3 min read
An assessment of 1,300 of the world’s most important commercial hubs and urban centres indicates terrorist attacks pose an “extreme risk” to populations and business in the capital cities of 12 countries, with Baghdad being the world’s highest risk urban centre, U.K.-based Verisk Maplecroft reported Wednesday. The countries in question include the strategic markets of […]
The Institute for Catastrophic Loss Reduction (ICLR) in Toronto will be hosting a forum next month on building public confidence in emergency management. The ICLR workshop, entitled Building Public Confidence in Emergency Management, will be held from 10 a.m. to 11:30 a.m. EST on June 12. The event will feature a special guest from Australia, […]
A security researcher told federal agents he was able to hack into aircraft computer systems mid-flight numerous times through the in-flight entertainment systems, and at one point he caused a plane he was on to move sideways, according to an FBI agent’s affidavit. Although the claims are still being investigated, the airline involved, United, cast […]
By Canadian Underwriter | May 20, 2015
New economic, technological, socio-political and environmental developments, as well as the growing interdependencies among them, are expected to be the key drivers of a changing risk landscape that the global reinsurance industry will face over the next few years, notes a report released Wednesday by Swiss Re. The Swiss Re SONAR report identifies the four […]
5 min read
Berkshire Hathaway Specialty Insurance (BHSI) is launching its Crime Protection Policy and the Executive Impersonation Coverage endorsement – with limits of $25 million and more – for large public and private companies in Canada. “Our Crime Protection Policy makes it easy for brokers and customers in Canada to secure broad coverage and address the rising […]
Washington Gov. Jay Inslee declared a statewide drought on Friday, following snowpack at historic lows, dwindling rivers and irrigation districts cutting off water to farmers. “We’re really starting to feel the pain from this snowpack drought,” Inslee said in a press statement. “Impacts are already severe in several areas of the state. Difficult decisions are […]
By Canadian Underwriter | May 19, 2015
PRINCE GEORGE, B.C. – An unexpected spike in wind has spoiled the prospect of better firefighting conditions in British Columbia’s Central Interior, where crews are struggling to make headway against the first major blaze of this year’s fire season. B.C.’s Fire Management Branch welcomed Monday’s forecast of cooler temperatures and lighter winds in the fight […]
By The Canadian Press | May 19, 2015
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