Canadian Underwriter

Topic
Catastrophes


insPRESS CatastrophesClaimsInsurance

Catastrophe Response Unit Delivers when Big Insurer Clients Call

May 10, 2018 by CRU Adjusters

TORONTO, May 10, 2018 /insPRESS/ – Kyle Winston, President and CEO of CRU GROUP, announced today that 5 of Canada’s largest property insurers had already sought and received significant assistance from CRU GROUP’s Catastrophe Response Unit Inc. within the past week.

News CatastrophesClaims

CatIQ releases updated toll of April ice storm damage

May 10, 2018 by Jason Contant

The mid-April ice storm in southern Ontario and Quebec cost insurers more than $190 million, Catastrophe Indices and Quantification (CatIQ) said Thursday. CatIQ has reported more than 15,000 insurance claims, including 1,800 car collisions, due to the storm. Strong winds,

News CatastrophesClaims

Ontario, Quebec wind storm to test industry capacity: Crawford

May 8, 2018 by Jason Contant

The wind storm that struck Ontario and Quebec on May 4 and 5 will significantly test the capacity of insurers, independent adjusters, call centres and restoration contractors, Crawford and Company (Canada) Inc. told Canadian Underwriter Monday. Generally speaking, wind claims

News CatastrophesTechnology

Emergency system fails first test in Quebec

May 7, 2018 Peter Rakobowchuk and Terry Pedwell - THE CANADIAN PRESS

QUEBEC – A glitch in the new national public alert system for mobile devices affected the entire province of Quebec on Monday, said a CRTC spokeswoman. The problem did not originate with cellphone service providers but appears to have occurred

News CatastrophesClaimsInsurance

Ontario ice storm estimated to cost insurers up to $164 million

May 6, 2018 by Greg Meckbach

The historic ice storm in Ontario and Quebec in mid-April could cost the insurance industry more than $150 million in damage claims, Verisk Analytics Inc.’s Property Claim Services unit reported Thursday. PCS’s preliminary estimate of a catastrophe event April 14-16

News CatastrophesClaimsInsurance

Officials warning B.C. flooding this year may be worse due to 2017 wildfires

May 3, 2018 The Canadian Press

WILLIAMS LAKE, B.C. – Emergency officials in British Columbia’s southern Interior warn that devastating wildfires that charred thousands of square kilometres of timber and bush last year now have the potential to make seasonal flooding even more severe. The warning

News CatastrophesClaimsInsurance

New Brunswick floods: ‘This could get very uncomfortable,’ officials warn

May 2, 2018 Kevin Bissett - THE CANADIAN PRESS

SAINT JOHN, N.B. – People were being urged to evacuate their homes Wednesday as rising floodwaters threatened to surpass record-setting water levels in areas along the Saint John River, with one fire chief warning residents: “This could get very uncomfortable.”

News Catastrophes

Flooding grows along Saint John River in New Brunswick

May 1, 2018 THE CANADIAN PRESS

FREDERICTON – Floodwaters were expanding their reach Tuesday and washing through several communities along the Saint John River, stranding residents, soaking basements and making islands out of homes. “I see nothing but water,” Earl LeBlanc, a 76-year-old widower, said from

News CatastrophesClaimsInsurance

Early April storm in Ontario, Quebec causes $85 million in insured damage

April 30, 2018 by Jason Contant

A windstorm in early April is estimated to have cost insurers more than $85 million, mostly from home insurance claims in Ontario, according to Catastrophe Indices and Quantification Inc. (CatIQ). The April 4-5 storm brought severe rain and freezing rain,

News CatastrophesClaimsInsuranceReinsurance

Ontario ice storm catches the eye of global reinsurance brokerage

April 20, 2018 by Greg Meckbach

Severe weather earlier this week in Ontario has caught the attention of reinsurance providers. Impact Forecasting LLC, a unit of reinsurance brokerage Aon Benfield, noted Friday that winter weather starting April 13 “left considerable damage across southern sections of Canada’s

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Major flood of B.C.’s Fraser River could cause billions in economic losses: ICLR speaker

April 18, 2018 by Jason Contant

A major flood of British Columbia’s Fraser River or a coastal flood between now and 2100 could trigger economic losses of between $20 billion and $30 billion, a recent flood strategy report found. Released in 2016, Phase 1 of the

News CatastrophesClaims

Insurers consider weekend storm in Ontario Cat event

April 16, 2018 by Greg Meckbach

Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than