Topic
Catastrophes
How this year’s CAT losses are trending
July 3, 2019 by Adam MalikCanada is well on its way to cracking the $1-billion threshold in insured catastrophe losses yet again as we enter the second half of 2019. Catastrophe Indices and Quantification (CatIQ) told Canadian Underwriter Wednesday that the estimated catastrophic insured loss…
Can Canadian P&C companies be “too big to fail”?
June 27, 2019 by David GambrillIf a major disaster such as an earthquake hits Canada, are some Canadian insurance companies simply “too big to fail”? After the financial crisis of 2007-08, the systemic risk of multiple companies going bankrupt following an extreme catastrophe event is…
Why climate change might be worse than you think
June 21, 2019 by Greg MeckbachIf you are using today’s climate models to predict the frequency and severity of tomorrow’s severe weather, your estimates could be off, suggests a recent convocation speaker at a major Canadian university. Recent unusual patterns in the jet stream are…
Waist-deep flooding hits this prairie city
June 19, 2019 THE CANADIAN PRESSSWIFT CURRENT, Sask. – People in a small southwestern Saskatchewan city are cleaning up after a sudden dump of rain caused parts of the downtown to be flooded. It’s been dry in Swift Current for months, but that all changed…
Where did everyone go?
June 16, 2019 Emily AtkinsHow do you keep track of your insureds when disasters force your clients to abandon the primary address you have on file?
Cross-currents
June 11, 2019 Jason Contant, Online EditorWith overland water damage claims rolling in from major floods across the country, the question still arises: are clients covered?
Ottawa’s spring floods put last round of repairs to the test
June 6, 2019 Christian Paas-Lang - THE CANADIAN PRESSOTTAWA – A new round of repairs is in store for pathways around Parliament Hill, after the second major flood in three years. Water levels on the Ottawa River remain a metre above normal and crews working for the National…
How budget cuts will affect flood risk mitigation
June 5, 2019 by Greg MeckbachFlood risk mitigation in Ontario could start to depend a lot more on the willingness of corporations and individuals to donate money to the conservation authorities. “The conservation authorities are going to have to make a better case for outreach…
Military help in Pikangikum First Nation being ‘drawn down’ as wildfire slows
June 5, 2019 THE CANADIAN PRESSPIKANGIKUM, Ont. – The Canadian Armed Forces says military help is being “drawn down” in a remote northwestern Ontario First Nation as a wildfire that triggered the evacuation of vulnerable residents slows its spread. Second Lt. Christopher Dube says in…
Tornadoes hit Gatineau, Ottawa areas, though no injuries reported
June 3, 2019 THE CANADIAN PRESSOTTAWA – Strong winds uprooted trees and damaged homes, but nobody was injured when a tornado touched down in the Ottawa area Sunday evening. Environment Canada issued tornado warnings in eastern Ontario and western Quebec after someone spotted a twister…
Wildfire destroys homes in Alberta Metis settlement
May 31, 2019 by Greg MeckbachMore than a dozen homes in a northern Alberta Metis community have been destroyed by an aggressive wildfire and there are concerns that more properties may be consumed. “It’s like a burnt piece of toast up there,” said Blake Desjarlais…
Wildfires force more people out of their homes in northern Alberta
May 30, 2019 THE CANADIAN PRESSMore people are being forced from their homes as several wildfires rage out-of-control in northern Alberta and blanket areas to the south in an acrid haze. The Alberta government issued an emergency alert early this morning for Chipewyan Lake Village,…