Canadian Insurers Push Owners to Fortify Homes, Urge Carney to Prioritize Climate Risks April 14, 2026 By Nivedita Balu Worried about wildfires sending claims soaring this year, Canada’s property and casualty insurers are pushing owners to flood- and fire-proof...
Wood-Panel Producer Norbord Halts Mill Production Following Alberta Wildfires May 22, 2019 Norbord Inc said on Tuesday it suspended production at its oriented strand board (OSB) mill in High Level, Alberta, to...
300-Plus Canadian Wildfires Force Closures of Lumber Mills, Natural Gas Facility July 12, 2017 By Danielle Bochove, Natalie Obiko Pearson and Jen Skerritt More than 300 wildfires in British Columbia have forced Canadian lumber mills and an Enbridge Inc. natural gas compressor station...
Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report June 5, 2017 Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published...
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015 March 30, 2017 Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s...
Nat Cats Cost Insurers $39.5B in 2016, Highest Level in 4 Years: Willis Re February 10, 2017 Insured loss estimates from major natural catastrophes totaled US$39.5 billion during 2016, which is the highest level since 2012 when...
Canada’s 2016 Nat Cats Bring Record Insured Damages of $3.7B January 6, 2017 Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of...
Insured Cat Losses in 2016 Totaled $49B, with $158B of Economic Costs: Swiss Re December 15, 2016 More than 10,000 people died as a result of natural and man-made disasters during 2016, with financial losses totaling at...
Slow Pace of Insurance Payouts, Rebuilding Angers Alberta Wildfire Victims October 18, 2016 By Nia Williams Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting September 22, 2016 By Carolyn Cohn The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming...