Claims

Extreme weather events cost rising by 2% a year since ’70s

The financial costs of extreme weather events have been increasing by an average of two per cent a year since the 1970s, Dr. Robert Muir-Wood, chief research officer of Risk Management Solutions (RMS), said in response to the chapter, The Summary for Policymakers in the Intergovernmental Panel on Climate Changes (IPCC) most recent report.Dr. Muir-Wood […]

By Canadian Underwriter | April 9, 2007

1 min read

Insurers should model for flooding, drought as a result of global warming

The insurance industry should start planning and modeling for a higher level of losses across the world by the middle of this century, as sea levels rise and large portions of polar ice sheets begin to melt, according to a report by Lloyds of London.In its report, 360 Risk Project, posted online, Lloyds warns that […]

By Canadian Underwriter | April 5, 2007

1 min read

Canadian cities to face more heat waves, report finds

The Intergovernmental Panel on Climate Change (IPCC) is preparing to launch its second report this year, which found that Canada can expect to see major issues around heat waves and water shortages, reports the Toronto Star. The Star obtained a near-final draft of the reports technical summary, and reported that nearly six pages of the […]

By Canadian Underwriter | April 2, 2007

1 min read

Adjusting for the Future

Maintaining the Leadership Position

April 1, 2007

13 min read