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Risk to U.S. property from severe convective storms as high as from hurricanes: Willis Re

March 20, 2017 by Canadian Underwriter

Severe convective storms (SCS) posed as much risk to property in the United States as hurricanes between 2003 and 2015, with the average annual loss from SCS amounting to US$11.23 billion compared to US$11.28 billion from hurricanes. So concludes a

Feature CatastrophesClimate Change

Weather-Proofed

March 1, 2017 Angela Stelmakowich, Editor

Community resilience looks to be taking a big step forward with the recent announcement that National Research Council Canada (NRCC) will take into account climate change as part of regular updates to the country’s building codes. The NRCC will conduct

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Global natural disasters cost US$520 billion in losses every year, poor disproportionately affected: study

November 15, 2016 by Canadian Underwriter

The impact of extreme natural disasters is equivalent to a global US$520 billion loss in annual consumption, forcing some 26 million people into poverty each year, a new report from the World Bank and the Global Facility for Disaster Reduction

News CatastrophesClimate ChangeInsurance

UN report: Human footprint ‘increasingly visible’ in climate

November 8, 2016 Karl Ritter - THE ASSOCIATED PRESS

MARRAKECH, Morocco – Hot and wild and with an “increasingly visible human footprint” – that’s how the U.N. weather agency sums up the global climate in the past five years. In a report released Tuesday at international climate talks in

News AssociationsCatastrophesClimate ChangeCommercial LinesConstructionInsuranceLegislation / RegulationPersonal LinesReinsurance

Barely passable grade on flood preparedness demands immediate action: report

October 31, 2016 by Canadian Underwriter

All 10 Canadian provinces and Yukon are not making the grade when it comes to flood preparedness, signalling the need for change, including not allowing municipalities to override provincial or territorial direction on development in flood-prone areas, argues a new

News CatastrophesClimate ChangeInsuranceProfessional Development

Canadian business leadership critical to reducing climate and other natural disaster risks, PwC Canada says

October 7, 2016 by Canadian Underwriter

Canadian business leadership is crucial to reducing the risks from climate and other natural disasters, PwC Canada said on Friday. That day, PwC convened a group of private and public sector leaders to discuss the case for Canadian businesses to

Blair Feltmate, PhD, Associate Professor, Faculty of Environment and Chair, Climate  Change Adaptation Project (Canada), University of Waterloo
Feature CatastrophesClimate ChangeInsuranceLegislation / RegulationPersonal Lines

Testing the Waters

September 3, 2016 Blair Feltmate, Head, Intact Centre on Climate Adaptation, University of Waterloo

The average cost of a basement flood claim in Canada in 2014 was a hefty $20,537. With severe weather continuing, related flooding and the associated costs are sure to continue absent preventive measures being taken. Those measures will be put to the test as part of the first pilot project of the Home Adaptation Assessment Program.

News Climate ChangeInsuranceLegislation / Regulation

Ontario Chamber of Commerce urges province to delay carbon cap and trade program

May 13, 2016 Allison Jones - THE CANADIAN PRESS

TORONTO – The Ontario Chamber of Commerce is urging the provincial government to delay the implementation of its cap-and-trade plan for one year, saying key questions remain unanswered. The plan to reduce greenhouse gas emissions is set to take effect