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  • "Investors and certified analysts are trying to figure out how much underlying margins will shrink, going forward," Amit Kumar, an analyst at Macquarie Research, told Reuters. Insurers have also been hit by claims stemming from hail storms in Texas, earthquakes in Japan and Ecuador and floods in Europe during the quarter. Pre-tax catastrophe losses, net of...

  • Travelers said its second-quarter earnings were hit by a series of weather-related and other natural disasters, including the Fort McMurray wildfires in Canada's Alberta oil sands region. Insurers have also been flooded with claims stemming from hail storms in Texas, earthquakes in Japan and Ecuador as well as floods in Europe. Travelers' net income fell 18...

  • Travelers said its earnings were hit by a series of weather-related and other natural disasters, including the Fort McMurray wildfires in Canada's Alberta oil sands region. Hail storms in Texas, earthquakes in Japan and Ecuador and floods in Europe also hit insurers during the quarter. Travelers' net income fell to $664 million, or $2.24 per share, in the second...

  • Landowners and the state are relying on hungry animals to lower the risk of wildfires.

  • Multiple weather events in the United States, which included hail storms in Texas, earthquakes in Japan and Ecuador, floods in Europe and wildfires in Fort McMurray in Canada were among the natural catastrophes covered in the company's loss estimate. The Zurich- based insurer said on Tuesday it expects pre-tax losses to total $390 million in the second quarter,...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an insurance industry group said on Thursday. The losses far exceed those from the Alberta floods of 2013, which cost about C $1.7 billion in claims, the Insurance Bureau of Canada said in a...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an industry group for the country's insurers said on Thursday. The losses far exceed those from the Alberta floods of 2013, which cost about C $1.7 billion in claims, according to the...

  • CALGARY, July 7- Insured losses from the May wildfires in Fort McMurray, Alberta, are expected to total C $3.58 billion, making it the costliest-ever Canadian natural disaster, an industry group for the country's insurers said on Thursday. The losses exceed the North American ice storm in 1998 and the Alberta floods of 2013, which both cost about C $1.9 billion,...

  • Scorching heat fuels California wildfires

    NBC's Steve Patterson reports on the wildfires that have burned some 5,400 acres so far in California.

  • Deadly heat wave fueling Western wildfires

    Soaring temperatures across the Southwest are spurring wildfires and forcing evacuations.

  • Nearly 8,000 acres burned in Cali. wildfire

    NBC's Leanne Gregg reports on the impact and intensity of the Sherpa Wildfire in California.

  • Triple-digit heat wave on the way

    Residents in Arizona, California and Nevada face scorching temperatures ahead, as hot as 120-degrees in the next few days.

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five weeks. Cenovus shut operations and evacuated all 118 workers from its 23,000- barrel-per-day...

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake projects in northern Alberta as wildfires again threaten western Canadian output just as production begins to recover. Cenovus shut operations and evacuated all 118 workers from its 23,000-...

  • CALGARY, Alberta, June 8- Two separate wildfires have shuttered oil sands operations in northern Alberta, forcing producers to halt hundreds of thousands of barrels per day of production. A blaze in the Wabasca region discovered on Tuesday prompted Cenovus Energy and Canadian Natural Resources Ltd to shut in 23,800 barrels. Meanwhile oil companies are...

  • OTTAWA, May 31- The Canadian government needs to do more to mitigate climate disasters such as floods and wildfires, a top green watchdog said on Tuesday as the Alberta town of Fort McMurray struggled to recover from a huge inferno. Environment Commissioner Julie Gelfand said Ottawa should share more data with provincial policy-makers about long-term severe...

  • TORONTO/ MONTREAL, May 25- The wildfire that has ravaged northern Alberta and cut Canadian crude output by 25 percent is set to crimp corporate earnings beyond the oil patch, especially hitting the rail and hospitality sectors. The fire, which has caused an estimated $50 million a day in lost production for oil sands companies near the evacuated city of Fort...

  • OTTAWA, May 18- Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the head of the country's property insurance industry group said on Wednesday. A wildfire sweeping through the heavily forested oil sands region of Alberta near the town of Fort McMurray could eventually cost...

  • OTTAWA, May 18- Canada will have to set aside more money to deal with natural disasters like wildfires, storms and floods as climate change starts to bite, the country's property insurance industry group said on Wednesday. A wildfire sweeping through the heavily forested oil sands region of Alberta near the town of Fort McMurray could eventually cost C $6...

  • CALGARY, Alberta, May 17- A massive wildfire raged near Fort McMurray, Alberta on Tuesday and threatened major oil sands production facilities, forcing the evacuation of thousands of workers and prolonging a shutdown that cut Canadian oil output by 1 million barrels a day. The fire jumped a critical firebreak late Monday where plants and trees had been removed...