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Catastrophes


News CatastrophesInsurance

This area could get half a metre of snow

January 18, 2019 THE CANADIAN PRESS

FREDERICTON – An intense winter storm is forecast to descend on the Maritimes on Sunday, and the New Brunswick government is warning residents to prepare for power outages. Environment Canada says a low-pressure system approaching from the southwest will track

News Catastrophes

What the industry paid out for severe weather in 2018

January 17, 2019 by Greg Meckbach

The industry lost nearly $2 billion last year in Canada alone from the combined effect of several weather catastrophes. “No single event caused the high amount paid out for losses,” the Insurance Bureau of Canada said Wednesday in a release.

News CatastrophesClimate ChangeInsurance

Number of homes uninsurable for flood risk growing: study

January 17, 2019 The Canadian Press

A coast-to-coast study finds Canadians aren’t keeping up with the need to protect their homes against catastrophic events made more common by climate change. The study from the University of Waterloo points out that insurance claims from weather-driven problems like

News CatastrophesEngineering

Experts call for federal investigation of fatal bus crash

January 14, 2019 Alanna Rizza THE CANADIAN PRESS

Experts are calling on the federal transportation safety board to investigate a deadly bus crash in Ottawa to prevent similar incidents from occurring again. Ahmed Shalaby, a civil engineering professor at the University of Manitoba, said the Transportation Safety Board

News CatastrophesClaims

New Brunswick earthquake ‘widely felt’

January 11, 2019 THE CANADIAN PRESS

GRAND BAY-WESTFIELD, N.B. – A minor earthquake rattled windows and knocked dishes off shelves in a small community in southern New Brunswick on Thursday. “It felt like something ran into the building _ it was a big bang,” said Troy

News CatastrophesRestoration

Flood watches in British Columbia result from heavy rain

January 4, 2019 THE CANADIAN PRESS

VANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood

News CatastrophesClaims

Half a metre of snow dumped on Newfoundland

January 3, 2019 THE CANADIAN PRESS

GANDER, N.L. – Residents of Gander, Nfld. are digging out after one of the biggest snowfalls ever recorded there – nearly two feet. A powerful storm blanketed much of the province Wednesday, with St. John’s and some other communities getting

News CatastrophesRestoration

Recent storm ‘most damaging’ in BC Hydro history

January 2, 2019 THE CANADIAN PRESS

VANCOUVER – BC Hydro says December’s massive windstorm was the most damaging in its history and demonstrates improvements are needed in order to be ready for future outages. A report from the Crown corporation says the Dec. 20 storm was

News AdjustersCatastrophesClaimsInsurance

What needs to be done to address independent adjuster mobility

December 10, 2018 by Jason Contant

The Canadian Independent Adjusters’ Association (CIAA) has proposed a “national emergency licensing protocol” to address mobility issues facing independent adjusters in Canada. It has also proposed a national licensing qualification, a longer-term solution that would require legislative changes to Insurance

News AdjustersCatastrophesClaimsInsurance

What is the best way to address mobility issues for independent adjusters?

December 4, 2018 by Jason Contant

There needs to be a hybrid system of self-regulation in concert with regulatory discipline to handle interprovincial mobility issues for independent adjusters, says the president and CEO of an independent adjusting firm. “We need a hybrid system of self-regulation in

News Catastrophes

Flood watches in effect for British Columbia

November 27, 2018 THE CANADIAN PRESS

VANCOUVER – Drenching rain that has deluged British Columbia’s south coast since Sunday night should begin to relent over the next 24 hours, although Environment Canada says another 40 millimetres of precipitation is expected across parts of the region by

News CatastrophesInsuranceMarkets / Coverages

The flood risk that might be unaccounted for

November 19, 2018 by Greg Meckbach

Insurers might be unintentionally covering flood and fire risks arising from computer problems, a cyber expert with a risk modelling firm suggests. “Anything that is related to a computer system could trigger non-cyber losses,” Matt Honea, cyber director for Cyence