Canadian Underwriter

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Catastrophes


News Catastrophes

How wildfire crews are avoiding COVID transmission

June 11, 2020 by Greg Meckbach

Changing the way firefighters eat their meals in camps, having masks on hand, and social distancing are among the precautions the Saskatchewan government has taken to ensure it responds to disasters with the ongoing pandemic. “In Saskatchewan, we have already

News CatastrophesClaimsClaims Canada

Environment Canada says tornadoes destroy barns, down trees in southern Ontario

June 11, 2020 THE CANADIAN PRESS

GLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont,

News CatastrophesClaimsClaims CanadaClimate Change

How basement flood risk could rise with pandemic-induced municipal funding crunch

June 10, 2020 by Greg Meckbach

The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to

News CatastrophesClaims

Roads flooded, some homes evacuated as rain pummels southeast Manitoba

June 9, 2020 THE CANADIAN PRESS

STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and

News CatastrophesClaimsClaims CanadaClimate ChangeInsurance

Why Intact predicts sustained hard market in home insurance

June 5, 2020 by Greg Meckbach

Natural disasters like the recent Fort McMurray flooding will likely continue driving home insurance rates up, suggests Intact Financial Corp. CEO Charles Brindamour. “Personal property is in a relatively hard market environment with mid to upper single digit rates increases.

News CatastrophesClaimsInsuranceLegal

Editor’s Note: Underwriting for the next pandemic

June 5, 2020 by David Gambrill

The social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving

News CatastrophesClaims

How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took

News BrokersCatastrophesInsuranceMergers and Aqcuisitions

Q&A: Business Continuity in the Digital Age

June 1, 2020 by David Gambrill

As an industry challenged by all of the various disasters that the world has to offer, many Canadian property and casualty insurance companies already had business continuity plans in place to keep their operations running in the face of a

News CatastrophesClaimsClaims Canada

Flood warnings expand for part of B.C., but conditions ease elsewhere

June 1, 2020 THE CANADIAN PRESS

Flood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the

News AdjustersCatastrophesClaims Canada

Dry conditions in Nova Scotia fuelling three large wildfires

May 27, 2020 THE CANADIAN PRESS

HALIFAX – Provincial officials in Nova Scotia are warning about the potential for forest fires in dry, humid conditions as firefighters battle three significant wildfires across the province. The fires burning Tuesday follow a weekend blaze near Porters Lake east

News AdjustersCatastrophesClaims CanadaInsurance

Pandemic insurance fraud: What to watch for…

May 25, 2020 by Greg Meckbach

Inflated auto towing and storage claims and arson are among the risks the industry faces from the economic downturn and social distancing arising from the pandemic, a fraud and data analytics expert warns. “A legitimate accident may happen and [a

News CatastrophesClaimsClaims Canada

Residents evacuated for forest fire near Halifax allowed to return home

May 25, 2020 THE CANADIAN PRESS

PORTERS LAKE, N.S. – Residents of more than 500 homes that were threatened by a forest fire in an area east of Halifax are being allowed to return now that officials have lifted an evacuation order. Halifax Fire tweeted late