Claims
Paul Kovacs, executive director of the Toronto-based Institute for Catastrophic Loss Reduction, discussed the state of science with respect to the impacts of climate change on communities in Canada, at the Climate Change Summit in Quebec City on Tuesday. Kovacs was part of a four-member international briefing team, joined on the podium by Christiana Figueres, […]
By Canadian Underwriter | April 14, 2015
3 min read
Navigational sensors built into consumer devices such as smartphones are capable of detecting surface displacements from moderate and larger earthquakes, a new study has found. Published last week in the Science Advances journal, the research article, Crowdsourced earthquake early warning, noted that earthquake early warning (EEW) can reduce harm to people and infrastructure from earthquakes […]
2 min read
Insurers in the United States should monitor their exposure concentrations with additional risk metrics in light of rising property values in natural catastrophe-prone areas that can increase the opportunity for mega-cat losses, argues a new paper from Karen Clark & Company (KCC). Increasing Concentrations of Property Values and Catastrophe Risk in the U.S., issued Monday […]
4 min read
TORONTO – Ontario will adopt a cap-and-trade system to reduce greenhouse gas emissions, signing a deal with Quebec, but Premier Kathleen Wynne offered scant details Monday on pricing and the effects on hydro bills and gas prices. The announcement comes seven years after Ontario first signed onto the Western Climate Initiative with Quebec and California, […]
By Canadian Underwriter | April 13, 2015
Following the deadly events in Illinois last week, the Federal Alliance for Safe Homes (FLASH) has reiterated the need to be better prepared by changing the construction philosophy in tornado zones. The non-profit group has called for adopting devastation prevention measures and the groundbreaking construction philosophy that emerged after the catastrophic Tuscaloosa, Joplin and Moore […]
VANCOUVER – The bulk carrier ship that has been confirmed as the source of an estimated 2,700 litre bunker fuel spill into Vancouver’s English Bay was on its maiden voyage. The source and the kind of fuel that was spilled answers only a few of the many questions from the public, politicians and lead agencies […]
By Canadian Underwriter | April 10, 2015
Researchers from the Colorado State University (CSU) are predicting a “well below-average” hurricane season for the Atlantic basin in 2015, citing the likely development of a moderate to strong El Niño event as well as anomalous cooling of the tropical and sub-tropical Atlantic. On Thursday, the CSU Tropical Meteorology Project called for seven named storms […]
FAIRDALE, Ill. – A tornado hit the tiny northern Illinois town of Fairdale, killing one person, injuring seven and sweeping homes off their foundations as large storm system swept across a large swath of the country. The vast storm system brought high winds and rain to east Texas, ripping off a church rooftop there and […]
VANCOUVER – An oily purple-blue sheen of fuel believed to be leaking from a bulk carrier ship has coated water and land in Vancouver’s picturesque English Bay. The City of Vancouver said the spill was of bunker fuel and warned on social media that it’s toxic and should not be touched. An emergency response team […]
By Canadian Underwriter | April 9, 2015
VICTORIA – Radiation from the leaking Fukushima Daiichi nuclear reactor has been detected on the shores of Vancouver Island, four years after a deadly earthquake and tsunami in Japan killed 16,000 people. University of Victoria chemical oceanographer Jay Cullen said Monday that it’s the first time radiation has been found on the shorelines of North […]
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