Keyword
Institute for Catastrophic Loss Reduction
Why B.C’s heat dome puts the industry on alert for wildfires
August 18, 2022 by Alyssa DiSabatinoA heat wave building across western Canada and the Prairies could worsen wildfires, which have already burned more hectares this year over last despite fewer fires to date, one industry expert observes. This week, Alberta, British Columbia and Saskatchewan will…
Is wind the new water?
June 8, 2022 by Alyssa DiSabatinoWhen a storm hits, it’s no surprise that extreme wind can be a significant driver of insured losses — but wind may actually edge out water as the industry’s costliest weather event, said one industry expert. “From 2008 to…
Becoming better at planning for disasters
June 6, 2022 by Alyssa DiSabatinoIf the ongoing flooding in Manitoba and the Ontario/Quebec derecho storm of last month taught us anything, it’s that we must change how we think about natural disasters, argue the Institute for Catastrophic Loss Reduction’s Glenn McGillivray, and PhD candidate Korey Pasch,…
Was derecho storm damage caused by climate change?
May 25, 2022 by Alyssa DiSabatinoThe Long Weekend derecho storm in Ontario and Quebec, which spawned a tornado in Uxbridge, Ont., and resulted in over 1,000 kilometers of damage, is “very difficult” to credit as a climate change event, even though the industry is seeing…
First Cat of the year predicted after powerful “derecho” storm
May 24, 2022 by Alyssa DiSabatinoA series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one…
Industry needs ‘to find a solution’ to this claims adjusting problem
September 9, 2020 by Greg MeckbachSomething needs to be done to make it easier to let Canadian claims adjusters work outside their home province in the event of a disaster, speakers suggested on a recent webinar. “It’s generally understood that it’s easier to bring U.S.…
Industry seeks government help to deal with homes in high-risk flood areas
February 1, 2018 by David GambrillCanadian property and casualty insurers cannot be the sole financial backstop for homeowners who build their homes in high-risk flood areas, a senior industry executive told a catastrophe risk conference in Ottawa. “We have to resolve the issue of high-risk…
OneEleven and Aviva Canada to host Canada’s “first ever” DisasterTech Hackathon
September 12, 2017 by Canadian UnderwriterOneEleven, described as “North America’s largest scaleup innovation hub,” and Aviva Canada have announced that a 48-hour DisasterTech Hackathon will be held next month in Toronto. The event will kick off at OneEleven’s office at 325 Front St. West in…
Provincial, local governments should consider mandatory hurricane interpretation training: ICLR report
August 25, 2017 Jason Contant, Online EditorProvincial and local governments should consider mandating compulsory training in the Canadian Hurricane Centre (CHC)’s severe hurricane interpretation course, the Institute for Catastrophic Loss Reduction (ICLR) recommended in a new research paper. The paper, titled Communicating hurricane risk in Eastern Canada:…
“Clear and direct communication line” needed between insurers and Canadian Hurricane Centre: ICLR
August 24, 2017 by Canadian UnderwriterA “clear and direct communication line” should be established between the Canadian insurance industry and the Canadian Hurricane Centre (CHC), the Institute for Catastrophic Loss Reduction (ICLR) recommended in a research paper released on Thursday. The recommendation was one of…
State of emergency continues as wildfires affect interior B.C.
July 13, 2017 by Canadian UnderwriterMining and wood products are among the industries affected by wildfires in British Columbia’s interior, where a state of emergency is in place. Imperial Metals Corp. announced Wednesday that an open pit copper/gold mine 56 kilometres northeast of Williams Lake…
IBC encouraging policyholders to discuss policy limits with insurers as B.C. wildfires continue
July 10, 2017 by Canadian UnderwriterAs British Columbia has declared a state of emergency due to wildfires burning out of control throughout much of the Interior, the Insurance Bureau of Canada (IBC) is encouraging policyholders to discuss policy limits with their insurer. Most home and…