Claims
Verisk Climate recently reported the company will use hail data – derived from two significant U.S. radar infrastructure improvements – during the 2015 severe weather season to help more precisely map where hail falls and how severe it is. The improvements are dual-polarization radar data and two-minute radar data frequency, reports Verisk Climate, a Verisk […]
By Canadian Underwriter | March 9, 2015
2 min read
ROGERS PASS, B.C. – It’s called avalanche alley for a reason. A 40-kilometre stretch along the Trans-Canada Highway in the Rogers Pass has the dubious distinction of having the highest avalanche hazard index of any route in Canada. Jeff Goodrich, the senior avalanche officer for Parks Canada, says there are 134 avalanche paths that can […]
3 min read
Warming temperatures in the Greater Toronto Area (GTA) that began Sunday and were forecast to continue for the week could contribute to ice damming, a condition that can result in expensive water damage to homes, suggests a local roofing company. Prevention is key to saving money and protecting homes and businesses, notes a press release […]
GOGAMA, Ont. – Crews are continuing their efforts today to put out a fire caused when a CN Rail train hauling crude oil derailed in northern Ontario. Ontario Provincial Police say the derailment occurred at about 2:45 a.m. on Saturday about four kilometres southwest of Gogama, Ont., which is about 80 km south of Timmins. CN […]
By Canadian Underwriter | March 8, 2015
5 min read
February weather in the United States may have caused more than $1 billion in insured losses while the costliest catastrophe last month was flooding in Indonesia, which affected 75,000 businesses in the Jakarta area, Impact Forecasting LLC reported Thursday. Also in February, avalanches killed at least 286 in Afghanistan, 7,376 homes were damaged in Madagascar […]
By Canadian Underwriter | March 6, 2015
A new web-based computer tool shows about 21 million people a year could be affected by river flooding and 15 nations have more than 1% of their annual gross domestic product exposed to such flooding, though a Munich Reinsurance Company climate research executive suggests that losses can be mitigated through better flood control and zoning. […]
4 min read
The strategic markets of Philippines, China, Japan and Bangladesh are home to over half of the 100 cities most exposed to natural hazards, highlighting the potential risks to foreign business, supply chains and economic output in Asia from extreme weather events and seismic disasters, according to new research from global risk analytics company, Verisk Maplecroft. […]
Rising temperatures in California, which have climbed to record highs as a result of climate change, are to blame for more frequent droughts in the region in the last two decades, said scientists from Stanford University. Researchers led by Stanford professor Noah Diffenbaugh, examined the role that temperature has played in California droughts over the […]
By Canadian Underwriter | March 5, 2015
Canada’s Energy Safety and Security Act – which increases to $1 billion the absolute liability for nuclear operators and offshore petroleum producers – recently passed third reading in the Senate, paving the way for the bill to be signed into law. Upon royal assent of the Energy Safety and Security Act (Bill C-22), absolute liability […]
By Canadian Underwriter | March 4, 2015
The unusually cold winter last year in the eastern United States and Canada was the fourth costliest natural catastrophe worldwide in 2014 for the insurance industry, while a hail storm that hit Airdrie, Alberta last August made Munich Reinsurance Company’s Top 50 list. In its Topics Geo 2014 publication released Tuesday, Munich Re stated that […]
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