Claims
WINNIPEG – Flood officials in Manitoba say a crest of floodwater is set to hit river-side communities west of Winnipeg. Emergency Measures Minister Steve Ashton says the region near Portage La Prairie will see a “very significant crest” by midnight Tuesday. He says the water coming from Saskatchewan has crested in Brandon, Man., without incident. […]
By The Canadian Press | July 7, 2014
2 min read
The “supercell” storm that hit Canterbury, New Zealand in late February has produced $4.8 million (New Zealand dollars) in insurance payouts, notes information from the Insurance Council of New Zealand (ICNZ). The storm brought torrential rain, thunderstorms, lightning, a large hailstorm and reports of tornado damage to parts of Canterbury. Although provisional results initially put […]
By Canadian Underwriter | July 7, 2014
1 min read
Private property and casualty insurers in the United States experienced a 2.6-point year-over-year increase in their first-quarter combined ratio and a 51% drop in their net underwriting gain, as loss and adjustment expenses rose more quickly than premiums, according to the Property Casualty Insurers Association of America and Insurance Services Office (ISO) Inc. Net loss […]
3 min read
TUXTLA GUTIERREZ, Mexico – A magnitude-6.9 earthquake on the Pacific Coast jolted a wide area of southern Mexico and Central America Monday, killing at least two people and damaging dozens of homes. The U.S. Geological Survey said the quake hit at 6:23 a.m. (7:23 a.m. EDT; 11:23 GMT) on the Pacific Coast 1 mile (2 […]
HALIFAX – Tens of thousands of people are still without power in the Maritime provinces today following post-tropical storm Arthur. About 93,000 NB Power customers are still in the dark, while Nova Scotia Power says more than 50,000 of its customers still don’t have power. All New Brunswick government offices in the Fredericton area are […]
A recent report that assigns a natural disaster risk score to more than 3,000 county housing markets in the United States found that about 8% of the 131 million U.S. housing units were located in very high-risk counties. The total number of housing units in the 3,138 counties was 10.6 million, 8% of total U.S. […]
By Canadian Underwriter | July 4, 2014
WINNIPEG – Manitoba is declaring a provincial state of emergency and is asking the Canadian military to help fight a surge of floodwater coming from Saskatchewan. Premier Greg Selinger said Friday that calling in the army will help protect about 200 rural homes from a flood that could topple records set in 2011. Selinger said […]
German insurers have reported about 350,000 property and vehicle claims amounting to 650 million euros in the wake of hail and windstorm Ela, which hit the country last month and inflicted the most serious damage in North Rhine-Westphalia, notes a statement from Gesamtverband der Deutschen (GDV). Property insurers have received 250,000 claims totalling about 400 […]
Risk Management Solutions Inc. recently announced it plans to partner with the United Nations Office for Disaster Risk Reduction to offer governments access to its RMS(one) catastrophe modelling product. “The UNISDR’s new global, multi-peril, probabilistic risk model will be freely available to all public and private sector users of RMS(one) to use for risk assessment […]
MONTREAL – Claude Charron’s most-recent visit to his Lac-Megantic pharmacy called for head lamps, hard hats and masks to block the pervasive stench of petroleum. A year has passed since his Quebec town was ground zero for a railway disaster, yet the local druggist was only allowed inside his contaminated, shuttered pharmacy last week once […]
5 min read
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