on January 20, 2014 by admin in Insurance Industry, Comments (0)

Severe weather in 2013 caused record $3.2 billion in payouts: Insurance industry

<!--Severe weather in 2013 caused record $3.2 billion in payouts: Insurance industry | GlobalPost

You are using an outdated browser. Please upgrade your browser to improve your experience.


Ice, floods and thunderstorms made 2013 the worst year ever for insured losses in Canada.

The Insurance Bureau of Canada (IBC) says the December ice storms in southern Ontario and eastern Canada caused more than $200 million worth of insured losses, pushing the total payouts to policy holders for the year to $3.2 billion.

IBC CEO Don Forgeron (forge-er-on) says the terrible effects of the weather hit Canadians and the insurance industry hard.

The largest disaster continues to be the torrential rains and floods that soaked southern Alberta in June, causing $1.74 billion in insured damage.

Flash floods in Toronto the following month caused an estimated $940 million in damages.

Severe thunderstorms in parts of Ontario and Quebec in June and July resulted in about $250 million in insurance payouts.

Copyright 2014 Canadian Press.

All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Copyright 2013 GlobalPost – International News

' ,containerID: 'divGigyaLoginTop' ,showEditLink: 'TRUE' } var login_params_top= { showTermsLink:false // remove 'Terms' link ,hideGigyaLink:true // remove 'Gigya' link ,height: 20 ,width: 145 ,UIConfig: '' ,containerID: 'divGigyaLoginTop' ,pendingRegistration: 'FALSE' } var showSiteFollowBarUI_params= { containerID: 'social-logo-buttons', iconSize: 22, buttons: [ { provider: 'facebook', actionURL: 'https://www.facebook.com/globalpost', title: 'Support GlobalPost on Facebook', action: 'dialog' }, { provider: 'twitter', title: 'Follow @globalpost', action: 'dialog', followUsers: 'globalpost' }, { provider: 'linkedin', actionURL: 'http://www.linkedin.com/today/globalpost.com', title: 'Follow GlobalPost' }, { provider: 'googleplus', actionURL: 'https://plus.google.com/117899428893829482065', title: 'Add GlobalPost to your circles' }, { provider: 'rss', actionURL: 'http://www.globalpost.com/feed/list', title: 'GlobalPost RSS Feeds' } ] } // function to populate name and photo box in header of page function renderUI(res) { if(document.getElementById("profile")){ if (res.user != null res.user.isConnected) { document.getElementById("name").innerHTML = res.user.nickname; if (res.user.thumbnailURL.length 0) document.getElementById("photo").src = res.user.thumbnailURL; else document.getElementById("photo").src = "http://cdn.gigya.com/site/images/bsAPI/Placeholder.gif"; document.getElementById("profile").style.display = "block"; document.getElementById("gig-logout").style.display = "block"; document.getElementById("gigya-login-message").style.display = "none"; document.getElementById("gigya-login-text").style.display = "block"; } else { document.getElementById("profile").style.display = "none"; document.getElementById("gig-logout").style.display = "none"; document.getElementById("gigya-login-message").style.display = "block"; document.getElementById("gigya-login-text").style.display = "none"; document.getElementById("name").innerHTML = ""; } } } // Logout from Gigya platform. This method is activated when "Logout" button is clicked function logoutFromGS() { gigya.socialize.logout(); // logout from Gigya platform } Drupal.behaviors.gigyaHeaderUserInfo = function (context) { gigya.socialize.showAddConnectionsUI(connect_params_top); gigya.socialize.showFollowBarUI(showSiteFollowBarUI_params); //gigya.socialize.showLoginUI(login_params_top); // get user info gigya.socialize.getUserInfo({ callback: renderUI }); // register for connect status changes gigya.socialize.addEventHandlers({onConnectionAdded: renderUI, onConnectionRemoved: renderUI }); }; //--

Article source: http://www.globalpost.com/dispatch/news/the-canadian-press/140120/severe-weather-2013-caused-record-32-billion-payouts-insuran

Tags: , ,

No Comments

Comments are disabled.