Claims
Following the 3rd annual UN World Conference on Disaster Risk Reduction in Sendai, Japan last week, representatives from 187 United Nations member states have adopted the first major agreement of the post-2015 development agenda – a far reaching new framework for disaster risk reduction. Conference president, Eriko Yamatani, Minister of State for Disaster Management, announced […]
By Canadian Underwriter | March 24, 2015
2 min read
The Toronto-based Institute for Catastrophic Loss Reduction (ICLR) announced on Monday that it will immediately form a new worldwide alliance with an international group of disaster research institutes. The proposal builds on initiatives presented at the Sendai Framework for Disaster Risk Reduction 2015-2030. The 3rd U.N. World Conference on Disaster Risk Reduction was held in […]
The Institute for Catastrophic Loss Reduction (ICLR) has announced that it will host an earthquake risk presentation next month. The Dynamics of Urban Earthquake Risk presentation will be held from 10 a.m. to 11:30 p.m. on April 17. It will explore how urban seismic risk is changing over time and whether cities are becoming safer […]
By Canadian Underwriter | March 23, 2015
With the late winter thaw happening around the country, to be followed by the spring and summer rains, Aviva Canada Inc. is encouraging Canadians to take steps to protect their property from water damage. “2013 was our worst year for water damage in part due to flooding in Alberta and Toronto,” said Sharon Ludlow, president […]
As Halifax continues to clean up from the storm that dumped more than 100 centimetres of snow on the city last week, Alex Walker, national director of claims relations with RSA Canada, is reminding policyholders about the potential for ice damming and structural collapses. The storm caused a temporary suspension of Halifax Transit bus service, […]
4 min read
Three severe winter weather/freeze events accounted for the lion’s share of Allstate Corporation’s estimated US$223 million (pre-tax) in catastrophe losses for February 2015, the insurer reports. The cat loss estimate for the month was US$223 million (pre-tax) and US$145 million (after-tax), notes a statement last week from Allstate, the largest publicly held personal lines in […]
Extreme weather and political stability are increasing risk for agricultural producers while inadequate treatment of wastewater is having a negative impact on rivers, lakes and coastal waters, a United Nations agency suggested in a report released this Friday. “Phenomena such as extreme weather events and market volatility, as well as civil strife and political instability, […]
By Canadian Underwriter | March 20, 2015
3 min read
WASHINGTON – The Obama administration said Friday it is requiring companies that drill for oil and natural gas on federal lands to disclose chemicals used in hydraulic fracturing operations. A rule to take effect in June also updates requirements for well construction and disposal of water and other fluids used in fracking, a drilling method […]
Willis Re, the reinsurance division of global risk advisor Willis Group Holdings plc, has unveiled a “new suite of flood solutions offering unprecedented analytical capabilities that will enable insurers to proactively manage Canada flood accumulations,” the company said in a statement on Thursday. Based on “cutting-edge analytics” provided by Willis Re’s strategic partnership with KatRisk […]
MOOSE JAW, Sask. – A precautionary evacuation has been issued for residents of the valley surrounding the Moose Jaw River due to ice jams. The ice hit with destructive force earlier this week, forcing the closure of the 7th Avenue bridge in Moose Jaw. Churchill Park is underwater with some area residents using sump pumps […]
By The Canadian Press | March 19, 2015
1 min read
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