Claims
A.M. Best reports in a new briefing that the total insurance loss of Malaysia Airlines Flight MH-17 is not expected to result in any ratings actions. In issuing the briefing Wednesday, A.M. Best reports it believes the majority of the loss will be absorbed by the Lloyd’s market, as well as a number of global […]
By Canadian Underwriter | July 24, 2014
2 min read
Global natural catastrophes for the first half of the year accounted for US$22 billion in insured losses, with more than half occurring in the United States, Impact Forecasting said in a report Wednesday. Roughly 55% of the insured losses came from the U.S., with 23% in Europe, and 19% in Asia, according to Impact Forecasting, […]
By Canadian Underwriter | July 23, 2014
Much of New Brunswick – which witnessed flooding this spring and continues to clean up in the wake of post tropical storm Arthur – was under a severe thunderstorm watch from Environment Canada Wednesday. The watch was in effect for all of northern and central New Brunswick. “Persons in or near this area should be […]
A Toronto-area rehabilitation clinic has been convicted of several auto insurance fraud-related offences and has been fined $200,000. Ontario Rehab Centre was charged following co-operative investigations involving the Financial Services Commission of Ontario (FSCO), the Insurance Bureau of Canada, multiple insurers, and the Toronto Police Service. The conviction resulted from an investigation into a staged […]
BEIJING – Typhoon Matmo churned ashore in southeastern China on Wednesday and was downgraded to a tropical storm, while the death toll from last week’s more powerful Typhoon Rammasun rose further. After passing across Taiwan overnight Tuesday, Matmo made landfall in China’s heavily populated province of Fujian. The country’s weather agency said it had gusts […]
Catastrophe losses in Canada during the first half of this year fell 98% over last year, with only two catastrophe events designated so far, Property Claims Services reported Wednesday. Both wind and thunderstorm events occurred in June, with the first event’s losses estimated at $34 million. An estimate for the second event is not yet […]
The Travelers Companies, Inc. has reported a net income of $683 million for the second quarter of the year, down from $925 million in the same quarter last year because of higher catastrophe losses. Catastrophe losses for the three months ended June 30 this year totaled $284 million, the New York-based insurer reported Tuesday. Last year’s […]
By Canadian Underwriter | July 22, 2014
BEIJING – The death toll from the strongest typhoon to slam into China’s south in decades has risen to 46, with 25 other people still missing, the government said Tuesday. The Civil Affairs Ministry said Typhoon Rammasun caused floods, hail showers and mudslides since it made landfall Friday. The storm destroyed tens of thousands of […]
1 min read
CHARLESTON, S.C. – A new analysis of sea level rise concludes that billions of dollars in property and infrastructure is at risk in extreme floods expected along the coast of the Carolinas in coming years. Climate Central of Princeton, New Jersey, a non-profit group of scientists and journalists that surveys and conducts climate change studies, […]
HANOI, Vietnam – A typhoon that barrelled into northern Vietnam killed at least 11 people and left several missing, state media said Monday, while in China the death toll from the strongest storm to strike the country’s south in four decades rose to 26. Typhoon Rammasun made landfall in Vietnam over the weekend, triggering heavy […]
By Canadian Underwriter | July 21, 2014
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.
