Canadian Underwriter

Keyword
drought

A fire burning across the lake in Osoyoos, B.C.
News CatastrophesClaimsClaims CanadaInsurance

Drought, heat raise risk of repeat of last summer’s record-breaking wildfires

April 10, 2024 The Canadian Press

Persistent drought and months of above-average temperatures have raised the risk of a repeat of last year’s record-breaking wildfires. Federal officials say conditions are already ripe for an early and above-normal fire risk from Quebec all the way to British

Harvested wheat field in Saskatchewan
News CatastrophesClaimsClaims CanadaClimate ChangeInsuranceMarkets / Coverages

Why climate change on the farm equates to a big bill

April 8, 2024 Amanda Stephenson – The Canadian Press

To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books.  The prairie province had forecast a more than $1 billion surplus for the fiscal

Wildfire on the Cariboo Plateau of B.C.
News ClaimsClaims CanadaClimate ChangeInsuranceRisk

Active spring wildfire season may be in store for B.C. as drought persists

March 19, 2024 Ashley Joannou – The Canadian Press

British Columbia needs a drenching of rain to alleviate the tinder dry conditions that have forecasters worried about the potential for another difficult wildfire season. Cliff Chapman, director of operations for the BC Wildfire Service, said parts of the province

The McDougall Creek wildfire in West Kelowna, BC.
News CatastrophesClaimsClaims CanadaInsurance

More than 100 wildfires still burning after B.C.’s record wildfire season

January 17, 2024 Ashley Joannou - The Canadian Press

More than 100 wildfires are still listed as burning in British Columbia thanks to a combination of a busy wildfire season, extreme drought and generally warmer and drier conditions through December. Forrest Tower of the BC Wildfire Service said that

Donnie Creek wildfire in B.C.
News ClaimsClaims CanadaInsuranceMarkets / Coverages

Cooler weather sees B.C. wildfire numbers dip, but drought still poses concern

July 26, 2023 The Canadian Press

The number of active wildfires in British Columbia has dipped below 450 as cooler weather and recent rain has cut the fire risk, although another hot spell could wipe out those gains as large sections of the province wilt under

Wooden grain storage elevator in Saskatchewan
News ClaimsClaims CanadaCommercial LinesInsuranceMarkets / Coverages

Prairie drought continues, forcing farmers to write off crops 

July 25, 2023 Amanda Stephenson - THE CANADIAN PRESS

Saskatchewan farmers forced to write off drought-afflicted crops are being asked to consider ways to turn those crops into cattle feed instead.   The Agricultural Producers Association of Saskatchewan (APAS), an industry association, put out a plea recently to grain farmers

A forest fire near Peachland, B.C.
News ClaimsClaims CanadaInsuranceRisk

Fire and drought: What does 2024 hold for British Columbia? 

July 20, 2023 Brieanna Charlebois - THE CANADIAN PRESS

VANCOUVER – British Columbia hasn’t yet hit the “peak” of its wildfire season, but it has already broken the record for the total area burned in a year, the province’s minister of emergency management said.   Officials are now eyeing the

corn field destroyed by the drought
News BrokersCatastrophesClaimsClimate ChangeInsuranceRisk

What the forecast says for Cats in 2023

February 16, 2023 by Alyssa DiSabatino

After a severe NatCat year in Canada in 2022, all signs point toward warmer, drier conditions in 2023 and a quiet hurricane season. With that, however, meteorologists predict this year will make Top 5 list for warmest years on record

Concept of drought and flooding
News Insurance

How much severe weather will cost the Canadian economy by 2050

August 29, 2022 by Jason Contant

Floods, storms and droughts could result in a total loss of CAD$139 billion to Canada’s gross domestic product (GDP) between now and 2050, new research found. Total direct losses from 2022 to 2050 are expected to reach $88 billion in

A barren farm field
News Insurance

The window of opportunity to address increasing drought and expanding drylands is vanishing

May 10, 2022 The Canadian Press

By Margot Hurlbert, Canada Research Chair, Climate Change, Energy and Sustainability, University of Regina – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information

News Insurance

Heat dome, flooding, drought: A list of Canada’s Top 10 weather events in 2021

December 29, 2021 The Canadian Press

Dave Phillips, senior climatologist with Environment Canada, has been compiling a Top 10 list of Canada’s weather events for more than two decades. Here are his picks for 2021:   Heat dome in Western Canada: At the end of June,

News Insurance

Drought, wildfires, COVID-19 drive up Saskatchewan deficit to record $2.7B

December 2, 2021 Mickey Djuric - THE CANADIAN PRESS

REGINA – Saskatchewan’s latest financial report says drought, wildfires and the COVID-19 pandemic have heavily contributed to what is projected to be a record deficit. The mid-year report released Monday shows a deficit of $2.7 billion, an increase of $97