Half of Canadian homeowners have not purchased additional coverage for water damage, relying on a standard homeowner policy that does not cover risk of overland flood or water seepage into the home. Endorsements are available to extend coverage for water…
Belair does not have to pay a condo claimant more than $1,500 in daily mileage costs accrued over almost eight months, during which time flood damage in the insured’s unit was being repaired. Belair Insurance Company insured a condominium owned…
BURLINGTON, Wis. – Flooding in the Midwest closed roadways and knocked out power to thousands, including a suburban Chicago hospital that was forced to close, but residents in the Wisconsin city of Burlington appeared upbeat even as portions of streets…
Homeowners in Canada lack awareness of flood risk and the protection options available to them to reduce that risk, suggests a new study from researchers at the Interdisciplinary Centre on Climate Change and Partners for Action research network at Ontario’s…
Most Canadian insurers were able to generate positive underwriting results in Alberta through their use of reinsurance risk sharing following the Fort McMurray wildfire, credit ratings agency DBRS Limited said in a commentary released on Wednesday. The commentary, titled 2016…
Hurricane Matthew, which is estimated to have caused $150 million in economic losses in Canada alone and killed more than 600 in the Western hemisphere, set several records, Impact Forecasting LLC said in a report released Monday. Hurricane Matthew officially…
Infrastructure Canada announced on Thursday that it will contribute more than $20.5 million to help protect three Alberta communities from flood risks. The new federal funding for three disaster mitigation projects was announced in Canmore, Alta. for projects in Canmore,…
Earl Ray Tomblin, the Governor of West Virginia, announced on Friday an extraordinary session of the state legislature to address the state’s share of costs associated with flooding in late June of this year. “The June flooding was unprecedented in…
TORONTO – Residents, cottage and business owners on some of the biggest lakes in Muskoka are launching a $900-million class-action suit against the Ontario government because of flooding caused by high water levels. People living on Lakes Muskoka, Lake Joseph…
The recent flooding in Louisiana is expected to cost the economy of the United States between US$10 billion and US$15 billion, with public and private insured losses expected in the low-digit single billions, according to Aon Benfield’s latest Global Catastrophe…
Extensive precipitation-induced flooding in southern Louisiana, from west of Baton Rouge to Mississippi, has resulted in six deaths, tens of thousands of rescues and significant property damage, catastrophe modelling firm AIR Worldwide said in media advisory issued late Monday. AIR…
Burlington, Ont. will serve as the pilot site for Intact Centre on Climate Change’s (ICCA) Home Adaptation Assessment Program (HAAP), meant to enhance homeowner awareness of how to reduce flood-related damage and limit the level of losses seen during events…