The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the costliest natural disaster in Canadian history, according to recent reports issued by catastrophe modeling firm AIR Worldwide, rating company DBRS …
Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were evacuated from camps north of Fort …
Arthur J. Gallagher has acquired B.R. Rhymer Insurance Agencies Ltd., a Canadian personal and commercial lines broker located in Winnipeg, Manitoba. The agreement will see the business, which has been operating under a franchise agreement since 1995, become wholly owned …
The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This city was surrounded by an ocean of fire …
Intact Financial Corp. may post insured losses of as much as C$1.1 billion ($850 million) from the wildfires in Alberta, which could dent the Canadian economy harder than Hurricane Katrina hit the U.S. Intact, Canada’s biggest property and casualty insurer, …
While the wildfires raging through northern Alberta and the city of Fort McMurray could bring one of the largest catastrophe losses in Canadian history, property insurers are resilient, according to A.M. Best and Moody’s in separate reports. The fire has …
Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also deployed drones for mining and construction companies, has contracts with …
Wildfires raging through Alberta are set to move away from the main oil-sands facilities north of Fort McMurray after knocking out an estimated 1 million barrels of production from Canada’s energy hub. A cold front scheduled to pass through the …
The wildfires ravaging Canada’s oil hub in northern Alberta have rapidly spread to an area bigger than New York city, prompting the air lift of more than 8,000 evacuees as firefighters seek to salvage critical infrastructure. The inferno around Fort …
A wildfire in the Alberta city of Fort McMurray is set to become the costliest ever Canadian natural disaster for insurers, with 1,600 buildings destroyed and another 19,000 under threat, analysts and industry sources say. The bill for insurers is …
