Canadian Underwriter

Topic
Catastrophes


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

Feature CatastrophesClaims Canada

Where did everyone go?

June 16, 2019 Emily Atkins

How do you keep track of your insureds when disasters force your clients to abandon the primary address you have on file?

Feature CatastrophesClimate Change

Cross-currents

June 11, 2019 Jason Contant, Online Editor

With overland water damage claims rolling in from major floods across the country, the question still arises: are clients covered?

News CatastrophesClaimsClaims Canada

Ottawa’s spring floods put last round of repairs to the test

June 6, 2019 Christian Paas-Lang - THE CANADIAN PRESS

OTTAWA – 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

News CatastrophesClaims

How budget cuts will affect flood risk mitigation

June 5, 2019 by Greg Meckbach

Flood 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

News CatastrophesClaims

Military help in Pikangikum First Nation being ‘drawn down’ as wildfire slows

June 5, 2019 THE CANADIAN PRESS

PIKANGIKUM, 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

News CatastrophesClaims

Tornadoes hit Gatineau, Ottawa areas, though no injuries reported

June 3, 2019 THE CANADIAN PRESS

OTTAWA – 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

News CatastrophesClaims Canada

Wildfire destroys homes in Alberta Metis settlement

May 31, 2019 by Greg Meckbach

More 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