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Catastrophes


News AdjustersCatastrophesClaimsInsurance

Post-Dorian claims adjustment: has the industry resolved its capacity issues?

September 10, 2019 by Greg Meckbach

More than 100,000 Atlantic Canada homes and businesses were still without power three days after Dorian hit Nova Scotia, but the latest hurricane to hit Canada’s east coast should be easier for the industry to handle than the May 4

News AdjustersCatastrophes

The impact of Dorian on Canada’s P&C industry

September 9, 2019 by Greg Meckbach

Hurricane Dorian is definitely a catastrophe-level event for Canadian insurers, probably with huge business interruption losses and possibly bigger than 2016’s Hurricane Matthew, industry experts said Monday. “Business interruption is going to be huge on the commercial book of business,”

News CatastrophesClimate Change

How this city uses technology to detect wildfire

September 3, 2019 THE ASSOCIATED PRESS

ANCHORAGE, Alaska – Thermo-sensing cameras were installed in Alaska to help the fire department locate, analyze and monitor wildfires, officials said. The security-like thermography camera is meant to help the Anchorage Fire Department respond to fires faster by providing a

News Catastrophes

We will rise from those ashes:’ Ranch still rebuilding two years after

August 30, 2019 Lauren Krugel - THE CANADIAN PRESS

CALGARY – Melody Garner-Skiba and her family have had some tough conversations since a wildfire raged into Waterton Lakes National Park in southeastern Alberta two years ago, spread into nearby grassland and destroyed their horse-breeding ranch. “It’s definitely taken a

News CatastrophesClaimsClaims CanadaInsurance

Flash flooding risk in Maritimes as Storm Erin arrives

August 29, 2019 THE CANADIAN PRESS

HALIFAX – Heavy rain was reported Thursday in parts of the Maritimes as Erin, now a post-tropical weather system, advanced toward the region. Environment Canada issued rainfall warnings for southeastern New Brunswick, parts of western and northern Nova Scotia and

News CatastrophesClaims

Tropical storm to hit Atlantic Canada by Thursday

August 27, 2019 THE CANADIAN PRESS

HALIFAX – Environment Canada is warning residents of the Maritimes to brace for a tropical storm later this week. Tropical storm Erin is expected to form later today off the Carolinas and then track northeastward toward Nova Scotia, where heavy

News AdjustersCatastrophesClaims Canada

Post-flood demolition begins in Ste-Marthe-sur-le-Lac

August 19, 2019 THE CANADIAN PRESS

STE-MARTHE-SUR-LE-LAC, Que. – Four months after a dike ruptured and forced 6,000 people from the town of Ste-Marthe-sur-le-Lac, demolition work has begun on flood-stricken homes in the community west of Montreal. Roland Gariepy, 77, paid a visit to his old

News CatastrophesClaimsInsurance

Where spring showers have done much of the damage in 2019 1H

August 14, 2019 by Jason Contant

Payout amounts and the number of claims related to severe weather in Quebec have increased dramatically in the first half of the year compared to 2018, Insurance Bureau of Canada (IBC) reported recently. Successive weather events marked the first half

News CatastrophesClimate Change

How this year’s CAT losses are trending

July 3, 2019 by Adam Malik

Canada 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

News CatastrophesClaimsInsurance

Can Canadian P&C companies be “too big to fail”?

June 27, 2019 by David Gambrill

If 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

News CatastrophesClaimsClaims CanadaClimate Change

Why climate change might be worse than you think

June 21, 2019 by Greg Meckbach

If 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

News CatastrophesClaimsClaims Canada

Waist-deep flooding hits this prairie city

June 19, 2019 THE CANADIAN PRESS

SWIFT 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