Claims
Only slight major loss expenditure in Q2 2014 – also had been the case in the first quarter – has contributed to Hannover Re Group achieving what it characterizes as very satisfying financial results for the first half of the year, results that are helping the reinsurer remain on track for 2014 target profits. “Hannover […]
By Canadian Underwriter | August 6, 2014
4 min read
LIKELY, B.C. – The president of Imperial Metals has apologized to residents living downstream from a toxic flood from one of the company’s gold and copper mines in the British Columbia Interior. Brian Kynoch told about 200 residents of Likely, B.C., 600 kilometres northeast of Vancouver, that the failure of the tailings pond at the […]
3 min read
JAKARTA, Indonesia – A strong, shallow earthquake shook the seas off eastern Indonesia on Wednesday, but did not cause major damage. The U.S. Geological Survey said the magnitude-6.1 quake occurred at a depth of 10 kilometres (6.2 miles) and was centred 395 kilometres (244 miles) south of Ambon, the capital of Maluku province. Indonesia’s Meteorology […]
1 min read
KUNMING, China – Rescuers dug through shattered homes Monday looking for survivors of a strong earthquake in southern China’s Yunnan province as the death toll rose to at least 398 people, with more than 1,800 injured. About 12,000 homes collapsed when the quake struck Sunday afternoon in impoverished Ludian county, around 370 kilometres (230 miles) […]
By Canadian Underwriter | August 5, 2014
American International Group (AIG) Inc. released Monday its financial results for the three months ending June 30, reporting underwriting income in property and casualty of $101 million, compared to an underwriting loss of $223 million during the same period in 2013. All figures are in United States dollars. For the second quarter of 2014, New […]
2 min read
TORONTO – Numerous streets were closed and portions of two main highways were shut down in the Burlington, Ont. area Monday due to a deluge of rain. The Weather Network reports the southwest Ontario city received about 125 millimetres of rain – or nearly two months worth – in one day. As a result, sections […]
By The Canadian Press | August 5, 2014
JOHANNESBURG, South Africa – An earthquake shook buildings in Johannesburg and surrounding areas in South Africa’s most populous province on Tuesday. At least one person was killed and three were injured, medical staff said. The magnitude-5.3 quake was centred in Orkney, 170 kilometres (105 miles) southwest of Johannesburg, the U.S. Geological Survey said. One man […]
HALIFAX – The Canadian Hurricane Centre in Halifax says Bertha has weakened to a tropical storm as it continues to move in a northeasterly direction. The storm, located about 731 kilometres west-northwest of Bermuda, has maximum sustained winds of 102 kilometres an hour. Forecasters say the storm will gradually weaken over the next 24 to […]
KAOHSIUNG, Taiwan – Heavy machinery pulled vehicles from huge trenches gouged by explosions along an underground pipeline in Taiwan’s second-largest city that killed at least 25 people and injured 267. The series of five explosions from about midnight Thursday to early Friday struck a densely populated industrial district in the port of Kaohsiung where petrochemical […]
By Canadian Underwriter | August 1, 2014
ALGIERS, Algeria – Algerian officials say six people are dead and 420 injured following an earthquake that shook Algiers Friday morning. Algeria’s health ministry says four of the victims died after jumping from windows in panic. Authorities say two more people died of heart attacks during the quake, which measured 5.6 on the Richter scale. […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
