Claims

Less active hurricane season: Colorado State University

The 2009 Atlantic hurricane season will be slightly less active than average, according to Colorado State University (CSU) forecasters. CSU is predicting roughly five hurricanes for the 2009 storm season, of which 2 will be major (Category 3-5).In addition, it is forecasting 11 named storms, 50 named storm days, 20 hurricane days and 4 major […]

By Canadian Underwriter | June 5, 2009

1 min read

What’s New: In Brief (June 03, 2009)

Hot and dry weather has hit B.C. and interface fires have already affected some structures. Insurance Bureau of Canada is reminding homeowners to double-check policies to ensure coverage, instead of waiting until a forest fire threatens their communities. “Every time disaster strikes, we hear of homeowners caught either without insurance or without adequate insurance,” Lindsay […]

By Canadian Underwriter | June 3, 2009

2 min read

Threat of Northeast hurricanes often overlooked, but remains large

The threat of Northeast hurricanes could be the most overlooked of all the risks, BestWeek’s U.S. Canada edition reports.BestWeek points to modeller AIR Worldwide’s suggestion that if a Category 3 or 4 storm hits the metropolitan area along the U.S.’s Northeast coast, insured losses could reach US$110 billion from Rhode Island to New Hampshire.A similar […]

By Canadian Underwriter | June 1, 2009

1 min read

Reinsurance (June 01, 2009)

2009 HURRICANE SEASON IS A 50-50 CHANCE OF BEING NORMAL: NOAA The National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center (CPC) has called for a 50% chance of a near-normal hurricane season, according to the 2009 Atlantic Hurricane Season Outlook. The outlook indicates as well a 25% chance of an above -normal season and […]

May 31, 2009

1 min read