Summary A significant flood event has affected portions of the Ottawa and Saint Lawrence River Valleys and surrounding watersheds. The flooding is a result of recent snowmelt from a significant snowpack, coupled with recent periods of heavy rainfall affecting the area. Evacuations have affected over 9,500. Several thousands of homes have been inundated by the resulting ... Continue Reading »
GC Analytics
Automobile Liability Segment Outlook
In 2017, writers of automobile (auto) liability insurance continued to cope with deteriorating combined ratios, which remained above 100 percent for the seventh consecutive year. While carriers have implemented effective strategies that improved their operations and as a result are achieving improved expense ratios, evolving market and environment factors continue to challenge ... Continue Reading »
Mw 6.7 Earthquake – Near Coquimbo, Chile
A magnitude (Mw) 6.7 earthquake was reported near Coquimbo, Chile around 01:32 UTC January 20, according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 53 km (33 miles) and about 15 km (9 miles) SSW of Coquimbo, Chile, between the regions of Atacama and O’Higgins. Media reports to date indicate variable damage to property and infrastructure, a ... Continue Reading »
Guy Carpenter Announces New Division and Senior Appointments Designed to Deliver Enhanced Client Value
Guy Carpenter today announced the formation of a new Global Capital Solutions Group and a series of new leadership appointments related to the Jardine Lloyd Thompson Group plc (JLT) acquisition. These appointments will become effective upon closing of the transaction between Guy Carpenter’s parent company, Marsh & McLennan Companies, and JLT, which remains subject to the r ... Continue Reading »
Sydney Hailstorms, December 20, 2018
A severe convective storm affected large parts of New South Wales, including Sydney, the Central Coast and Wollongong from 4:00 to 7:00 pm on December 20, 2018. The storm generated large hail, damaging winds and flash flooding in many areas of the state. According to the Australian Bureau of Meteorology (BOM), there were ground reports of hail of 8 cm diameter in Berowra ... Continue Reading »
GC Capital Ideas: CAT-i Stories: Fourth Quarter 2018
Here is a look back at the CAT-i articles from October 1 through December. Mw 7.0 Earthquake – Near Anchorage, Alaska: The magnitude (Mw) 7.0 earthquake near Anchorage, Alaska, on November 30 occurred at a depth of 44.1 km as the result of a slip on an intraslab fault within the subducting Pacific slab. According to the United States Geological Survey, the faulting involved a ... Continue Reading »
Mw 7.0 Earthquake – Near Anchorage, Alaska
A magnitude (Mw) 7.0 earthquake was reported near Anchorage, Alaska around 17:29 UTC on November 30 (8:29 local time), according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 44.1 km and about 12.9 km (8.0 miles) north of Anchorage, Alaska. A tsunami warning was issued but later lifted by the U.S. National Weather Service. Initial media ... Continue Reading »
Wildfire Activity – California – Update
Recent wildfire activity has rendered especially severe impacts to areas of California, including areas of Butte, Los Angeles and Ventura Counties. Rates of extreme fire spread were enabled by especially dry, windy conditions on November 8 and the days following. Aggressive firefighting efforts allowed containment efforts to progress despite adverse conditions over the ... Continue Reading »
Wildfire Activity – California
Significant wildfires have affected areas of northern and southern California due to extremely dry, windy conditions and very dry fuels. In Northern California, the Camp Fire has burned at least 130,000 acres since November 8 and claimed at least 48 lives, making this the deadliest wildfire in known California history. Damage survey efforts are still ongoing, however initial ... Continue Reading »
Data and Analytics Support Innovations in Flood Risk Management – GC@BB Commentary
Elizabeth Cleary, Managing Director Contact Increased computing power is fueling innovative solutions for flood underwriting Insurers are using technology to communicate a homeowner’s flood risk with mobile apps Guy Carpenter works extensively with most commercial vendor flood models ... Continue Reading »
