Claims
Pandemic risk is pretty much the same as always, even though it has disappeared from the medias radar, according to a report by Munich Re.Although the threat of a pandemic this winter had mainly disappeared from the media due to the almost complete absence of instances of bird flu in Europe, experts are largely in […]
By Canadian Underwriter | April 16, 2007
1 min read
The Insurance Bureau of Canada (IBC) has donated $500,000 to fund a research facility designed to study the building of safer homes. Thanks to the IBC, a typical two-story brick house, similar to many homes found in neighbourhoods across Canada, has been constructed for the sole purpose of being slowly destroyed, says an IBC press […]
By Canadian Underwriter | April 13, 2007
Federal and provincial ministers of agriculture met recently in Winnipeg, Manitoba and committed to ongoing collaboration on new business risk management programming for the agricultural industry.The ministers discussed the continued evolution of a new suite of business risk management programs including the margin-based element, disaster framework, production insurance and savings account programs arising from consultations […]
A panel of senior Canadian climate change experts, chaired by the Canadian Foundation for Climate and Atmospheric Sciencess Dr. Gordon McBean, called on the federal government to increase funding for research on the impact of global warming.We need to factor climate risks into every area it is relevant, Ian Burton, an international expert on natural […]
By Canadian Underwriter | April 11, 2007
2 min read
Swiss Re has structured and placed US$150 million [approximately Cdn$172 million] of securities covering flood and earthquake catastrophic events in Canada, Great Britain, and the United States on behalf of Allianz Global Corporate & Specialty AG.The multiperil issuance is part of a US$1 billion program designed to provide protection against high severity losses incurred from […]
By Canadian Underwriter | April 10, 2007
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
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
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
Maintaining the Leadership Position
By Craig Harris | April 1, 2007
13 min read
El Nio – which moderated storm activity last year – has dissipated, thereby increasing the likelihood of 2007 being an active season, according to Tropical Storm Risk (TSR), a consortium of experts on seasonal climate forecasting led by the Benfield UCL Hazard Research Centre. TSR predicts Atlantic basin and U.S. landfalling hurricane activity in 2007 […]
April 1, 2007
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