Topic
Climate Change
Canada is experiencing its ‘worst wildfire season of the 21st century’: Blair
June 13, 2023 The Canadian PressCanada is experiencing its worst wildfire season of the 21st century. Emergency Preparedness Minister Bill Blair announced the grim milestone Monday, saying more than 47,000 square kilometres have burned so far this year, with 431 wildfires currently burning across Canada. …
Here’s what adjuster capacity is like for Canada’s wildfires
June 12, 2023 by Alyssa DiSabatinoFirefighters and other first responders have been stretched thin while battling an unprecedented wildfire season in Canada, and such may be the case for claims adjuster capacity as well. Across the industry, it’s a mixed bag of how quickly adjusters…
More evacuations in Quebec as record breaking fires continue to burn
June 8, 2023 Sidhartha Banerjee and Jacob SerebrinMONTREAL — Quebec’s wildfire season, which has forced thousands from their homes and left other communities on high alert, is the worst on record, officials said Wednesday. Premier Francois Legault told reporters in Quebec City that the areas in the…
Will this be the worst wildfire season Canada has ever seen?
June 6, 2023 Mia Rabson - THE CANADIAN PRESSOTTAWA – This is on track to be the worst fire season Canada has ever seen and the risk of wildfires will remain well above average in most of the country throughout the summer, the federal government warned Monday. At…
Hurricane season has started. What can the industry expect?
June 1, 2023 by Alyssa DiSabatinoThe 2023 hurricane season is shaping up to be near normal as the current ocean temperatures (which fuel hurricane activity) and the El Niño patterns (which hinder it), are converging to neutralize one another, industry outlooks suggest. For the P&C…
Why Canadian D&O insurers can breathe a sigh of relief
May 31, 2023 by Jason ContantD&O lawsuits claiming boards of directors breached their climate-related fiduciary responsibilities would likely not succeed in a Canadian court if the facts are similar to those in a recent U.K. court case, lawyers suggested in a Mondaq article Wednesday. Non-profit…
How busy will Atlantic hurricane season be?
May 25, 2023 Seth Borenstein - THE ASSOCIATED PRESSTwo clashing climatic behemoths, one natural and one with human fingerprints, will square off this summer to determine how quiet or chaotic the Atlantic hurricane season will be. An El Nino is brewing and the natural weather event dramatically dampens…
Losses adjusters don’t want to see from Alberta wildfires
May 24, 2023 by Alyssa DiSabatinoWith wildfires raging on across Alberta and the west, adjusters are hoping the fires stay remote and spare populous areas from catastrophic losses. “We are seeing some claims and anticipate seeing many more as dangerous conditions persist,” Patricia (P.J.) Davis,…
Emissions from wildfires hit record high as climate change drives fire threat
May 19, 2023 The Canadian PressOTTAWA – Emissions from wildfires hit a new record in 2021 as the blazes that raged in Western Canada and Ontario produced more greenhouse gases than the oil and gas sector and heavy industry combined. Canada’s forests are relied on…
Flood warning for part of northwest B.C., other rivers rising as heat grips province
May 17, 2023 The Canadian PressVANCOUVER — A flood watch covered the Skeena region of northwestern British Columbia Tuesday as unseasonably warm temperatures swelled rivers in many areas of the province. B.C.’s River Forecast Centre posted the warning for the Skeena and Bulkley rivers and…
Private investment needed to ramp up climate adaptation in infrastructure: report
May 16, 2023 The Canadian PressA new report by the Canadian Climate Institute says private capital is needed to invest in climate adaptation infrastructure as extreme weather events like fires and floods become more acute by the year. The report co-authored by insurance firm The…
What claims may come from the Alberta wildfires
May 8, 2023 by Alyssa DiSabatinoWhile it’s too early to estimate losses, Canada’s P&C industry is anticipating incoming property damage claims due to Alberta wildfires and insurers may have already begun to see claims from non-physical aspects of the policies, experts tell Canadian Underwriter. As…