Claims
HALIFAX – Forecasters say hurricane Arthur will likely make landfall in southwestern Nova Scotia on Saturday morning as a near-hurricane strength storm. The Canadian Hurricane Centre has upgraded tropical storm watches to warnings for parts of Nova Scotia, including in Halifax and Digby, Lunenburg and Queens counties. All of Prince Edward Island and southern and […]
By The Canadian Press | July 4, 2014
1 min read
WASHINGTON – A new study explains how just four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 small-to-medium earthquakes in the past five years, according to a study published Thursday by the journal Science. Many of the quakes were […]
By Canadian Underwriter | July 3, 2014
2 min read
Severe thunderstorms in Western and Central Europe last month caused economic losses of roughly US$2.75 billion, according to the latest monthly global catastrophe recap report from Impact Forecasting. Parts of Germany, France and Belgium experienced significant hail damage from an outbreak of severe storms that hit in the first half of June, according to Impact […]
Some property and casualty reinsurance markets have had “significant rate reductions” during the June 1 and July 1 renewals, while there is an “abundance” of capacity of political risk coverage “chasing less business” and outstanding catastrophe bond issuance has reached US$21 billion, Willis Re Inc. suggested in a recent report. Willis Re, the reinsurance broker […]
Farmers in Manitoba and Saskatchewan are bearing the brunt of Prairie flooding, with some at risk of losing both their income and their homes. Doug Chorney of Keystone Agricultural Producers in Manitoba says farmers were already struggling before the recent torrential rain. The soggy spring prevented many farmers from getting crops in the ground before […]
By The Canadian Press | July 3, 2014
OTTAWA – Periodic flurries of federal regulation, rule-making and reassurance followed the rail disaster last July that killed 47 people, destroyed dozens of buildings and contaminated waterways in a small Quebec town. But one year after the tragedy in Lac-Megantic, opposition MPs and a leading environmental group say still bolder steps are required to prevent […]
4 min read
HALIFAX – Forecasters say the season’s first hurricane is expected to bring significant rain and wind to Atlantic Canada on Saturday, although it’s too early to tell exactly which areas will be hit the hardest. The U.S. National Hurricane Center says Arthur became a hurricane today, with maximum sustained winds of about 120 kilometres an […]
Two Saskatchewan communities remain cut off because of flooding and emergency officials warn water levels are still rising in other areas. There has been no access to the villages of Gainsborough and Carievale since a deluge of rain over the weekend caused widespread flooding in eastern Saskatchewan and western Manitoba. Patrick Boyle with the Water […]
By The Canadian Press | July 2, 2014
More than 150 acute care patients and long-term residents have been moved from a hospital in eastern Saskatchewan because of flooding. The full-scale evacuation at St. Peter’s Hospital in the city of Melville, about 145 kilometres northeast of Regina, took place because a creek behind the facility was rising Tuesday. Officials are also watching a […]
By Canadian Underwriter | July 2, 2014
Federal transport minister Lisa Raitt has announced new requirements for railways – including those revolving around the transportation of dangerous goods – that seek to help build a stronger safety culture among railway companies, strengthen containment and help reduce the risk of accidents. “The upcoming regulations will further strengthen safety in Canada’s already robust transportation […]
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