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Slave Lake fires could cost Intact $45 to $55 million
Insurer says more than 800 insureds will be compensated for mostly property damage
Category: Natural Disasters
Ash cloud affecting European flights
Iceland’s Grimsvotn volcano created ash cloud disrupting many flights throughout Western Europe
More than 300,000 hectares have burned in Alberta wildfires
By ILSTV Staff on May 25, 2011 in Natural Disasters
As of May 23, approximately 505 wildfires have burned over 300,000 hectares in the province
Insured losses from deadly Missouri tornado could reach $1 to $3 billion
May 22 tornado is the deadliest to hit the United States since 1947
Japan earthquake, Australia floods, New Zealand earthquake cost Lloyd’s
Estimated net claims from natural disasters in line with industry losses
Canadian Hurricane Centre prepared for hurricane season
CHC simplifies storm track maps, public bulletin to make hurricane info more accessible, easy-to-use for Canadians
Wildfires burn through Alberta
By ILSTV Staff on May 18, 2011 in Natural Disasters
IBC’s Community Assistance Mobile Pavilion (CAMP) deployed in Slave Lake; The Co-operators have implemented its Catastrophe Response Plan
Up to $100 million in insured losses from Spanish earthquake
Earthquake insurance is a mandatory coverage of property insurance in Spain
Loss estimate of Japan earthquake now between $22 – $39 billion
Losses to property insurers estimated to range between $15 – $25 billion: EQECAT
Tornadoes, floods kill hundreds in Southern United States
At least 340 people have been killed in second deadliest single-day tornado outbreak in U.S. history
FirstOnSite Restoration, BMO arranging Loans for flood victims
FirstOnSite and BMO pair to help Manitoba reesodemtents affected by flooding
Top ten insurers in tornado-affected states
State Farm Fire and Casualty Company has over 50 percent of the direct premium written for the tornado-affected southern states
Property losses from US tornadoes could reach $5 billion
Costs, human losses from the second-deadliest U.S. tornado outbreak on record continue to rise
Insurance rate increases confined to loss-affected exposures, says Marsh
The first quarter of 2011 brought record level catastrophe losses to the insurance industry, but Marsh says that rate increases were confined to loss-affected exposures. In its Spring 2011 Insurance Market Update, Marsh said that in regions and for classes of business not affected by recent losses, there was little change in market conditions in [...]
Large, frequent earthquakes delay restoration in Japan
Ongoing earthquakes and aftershocks plague Japan, causing restoration efforts to be delayed
If the 1906 San Francisco earthquake happened today
On the 105th anniversary of the great San Francisco earthquake, Fireman’s Fund investigates what effects a similar event would have today
Japan Earthquake: Insurance impact and risk management lessons
While the human toll and financial impact of March 11’s earthquake and tsunami in Japan are still being assessed – and further concerns raised over Fukushima and other nuclear facilities prompted by reports of a powerful new magnitude 7.1 aftershock on April 7 – Towers Watson says that economic losses are expected to rise, but [...]
Protecting vehicles from overland flooding
As parts of the province are already experiencing flooding issues, Manitoba Public Insurance is urging drivers to protect their vehicles from overland flooding. The insurer’s tips include: Don’t leave vehicles–including snowmobiles, recreational vehicles and motorcycles–where flood waters may overtake them. Move your vehicles to high ground. Flood waters can quickly wash out roads and bridges. [...]
Japan earthquake, tsunami adds to Great-West Lifeco’s $75 million Q1 hit
Great-West Lifeco Inc. said it expects to take a $75 million after-tax hit in the first quarter, due largely to the magnitude 9.0 earthquake and resulting tsunami in Japan. “The financial impact is essentially related to claims on property catastrophe retrocession coverage sold to property and casualty reinsurers by London Reinsurance Group Inc., an indirect subsidiary of [...]
