Report says policyholders may face major impediments to recovery when insurance coverage from a natural disaster is split—a harsh lesson many Americans learned in 2005, after the US Gulf Coast was struck by a series of major hurricanes, including Hurricane Katrina
With Hurricane Irene bearing down on the east coast and recent tornadoes devastating parts of Canada and the U.S., it’s more important than ever to be prepared for an evacuation
“A M5.8 earthquake in the central and eastern US does not produce an expectation of widespread catastrophic damages,” said EQECAT.
As the town of Goderich, Ontario attempts to recover and rebuild from the F3 tornado that struck on August 21, several Canadian organizations are stepping in to help
Research from B.C. study suggests mega-quake could hit south of Vancouver Island
F3 tornado rips through Ontario town, injuring at least 37 and killing one
iOS5 to feature built-in connectivity to Japan’s national online early-warning system for earthquakes
Serious weather events have an economic impact of $485 billion annually!
More than $400 million already paid for homeowners claims following the May 22 EF-5 tornado in Joplin, Missouri
MSB, AMA and Co-operators to review reconstruction costs and insured values after May’s wild fires
With the additional support of $189 million, the Alberta government has now allocated $289 million towards the Slave Lake area wildfire response to help return the area to pre-disaster condition
Colorado State University researchers say the 2011 Atlantic hurricane season will be “much more active than the average 1950-2000 season”
Travelers reports first unprofitable period since 2004, due to tornado and other catastrophe claims
The Slave Lake fires had a huge impact on the Canadian insurance industry, but Intact Insurance President Louis Gagnon tells ILSTV that the lesson for insurers lies in prevention
Up to 136 millimeters of rain and 137 kilometre per hour winds along with high tides and storm surges caused major flooding in many coastal areas
$265 billion in economic losses for the first half of 2011 already exceeds the total-year figure for 2005, previously the costliest year to date
The expectation of an active U.S. hurricane season, combined with greater insurer discipline, increases the potential for a changing market dynamic through the balance of 2011, says Marsh
U.S. storms, Alberta wildfires add to loss estimates
The May 22 tornado that touched down in Joplin, Mo. was the single deadliest in the United States since 1950, but it will also be the largest insurance event in the state
