Canadian Underwriter

Topic
Catastrophes


News CatastrophesInsuranceMarkets / Coverages

Red River crests in Winnipeg, flood watch issued west of the Manitoba capital

April 6, 2017 The Canadian Press

WINNIPEG – Manitoba flood officials say the Red River has crested in the provincial capital but water levels remain high in other parts of the province. The latest flood bulletin says the Red River reached its peak Tuesday but water

News CatastrophesCommercial LinesEarnings / RatingsInsuranceMarkets / CoveragesPersonal LinesReinsurance

More action needed to better prepare for earthquake in Canada: Scotti

April 6, 2017 by Angela Stelmakowich

Canada would be well-advised to take a cue from other nations and do more to establish partnerships and requirements that better protect property owners in the event of an earthquake, says Veronica Scotti, president and CEO of Swiss Re Canada.

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesPersonal Lines

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.

News CatastrophesInsuranceMarkets / Coverages

ICLR launches backwater valve installation website for homeowners and professionals

April 5, 2017 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) has launched a backwater valve installation website to provide basic information about sewage backflow prevention devices to assist homeowners in better understanding what they are and how they work, and aid plumbing professionals

News CatastrophesInsuranceMarkets / Coverages

Pack ice, epic blizzards as ‘relentless’ winter won’t let go across Newfoundland

April 5, 2017 Sue Bailey - THE CANADIAN PRESS

JOHN’S, N.L. – From extreme pack ice to record-breaking snow falls, it’s the winter that just won’t let go across much of Newfoundland. There are at least 230 centimetres of snow (more than seven feet) on the ground in Gander

News CatastrophesClimate ChangeCommercial LinesEarnings / RatingsInsurancePersonal LinesReinsuranceTechnology

Difficult year for Canada’s p&c insurance industry: IBC’s McGown

April 4, 2017 by Angela Stelmakowich

The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives

News CatastrophesCommercial LinesInsurancePersonal Lines

Insured losses from Cyclone Debbie reach AU$306 million: Insurance Council of Australia

April 4, 2017 by Canadian Underwriter

The Insurance Council of Australia (ICA) has estimated insured losses to date from Tropical Cyclone Debbie at AU$306 million from 28,000 claims. ICA estimated the insured losses as of 9 a.m. on Tuesday. It also warned in a press release

News CatastrophesCommercial LinesInsuranceTechnology

FM Global launches worldwide flood map for commercial properties

April 4, 2017 by Canadian Underwriter

Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new

News CatastrophesCommercial LinesInsuranceLegislation / RegulationPersonal Lines

Enhancements to Alberta wildfire regulations take effect

April 4, 2017 by Canadian Underwriter

New wildfire protection regulations have taken effect in Alberta. The enhancements to the Forest and Prairie Protection Act regulations took effect on March 31, Alberta Agriculture and Forestry noted in a press release issued last week. The enhancements include: new

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Volunteers in Manitoba town scramble to halt flooding from nearby river

April 3, 2017 The Canadian Press

CARMAN, Man. – The threat of flooding from an ice-choked river has prompted a big southern Manitoba town to declare a state of emergency. Officials in Carman say rising water on the Boyne River is causing flooding and sewer backups

News CatastrophesCommercial LinesInsurancePersonal Lines

B.C. announces more than $8 million in flood protection in latest round of investments

April 3, 2017 by Canadian Underwriter

British Columbia’s Ministry of Transportation and Infrastructure announced on Friday funding for two flood protection projects in the province. The first is a $4.17 million investment to the District of Kent to expand and upgrade the Hammersley Pump Station, which

News CatastrophesInsuranceMarkets / CoveragesPersonal Lines

Winnipeg scaling back flood preparations as floodway operations begin

March 31, 2017 The Canadian Press

Winnipeg scaled back flood preparations on Friday after Manitoba officials moved to divert water around the city. The gates of the Red River floodway were lifted in anticipation of the river cresting in the city sometime on the weekend. City