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Catastrophes


News Catastrophes

Are sandbags effective? A look at the popular flood prevention tool

April 30, 2019 Michelle McQuigge - THE CANADIAN PRESS

For centuries, residents of flood-prone areas have looked to sandbags to stave off rising waters. Flood management experts say that while it’s easy to understand why sandbags have become the first line of defence, they may not necessarily be the

News Catastrophes

One in 1,000-year flood happening in Quebec

April 26, 2019 Giuseppe Valiante and Stephane Blais - THE CANADIAN PRESS

MONTREAL – Quebec public security officials called for the immediate evacuation of an area along the Rouge River west of Montreal on Thursday because of the risk a hydro dam could fail. Simon Racicot, director of production and maintenance with

News Catastrophes

Lake levels continue to rise near Bracebridge: mayor

April 25, 2019 THE CANADIAN PRESS

BRACEBRIDGE, Ont. – The mayor of a small town in central Ontario’s cottage country says water levels in two nearby lakes have now exceeded those last seen during devastating flooding in 2013, and the weather forecast is “not promising.” Bracebridge

News CatastrophesConstructionInsurance

Is wind “the new water” for Canada’s insurers?

April 25, 2019 by Jason Contant

High winds contributed in part to most catastrophes in Canada over the past few decades, prompting the need for a new national standard on wind resilience, the Institute for Catastrophic Loss Reduction (ICLR) said Thursday. A report released by ICLR

News Catastrophes

Rising Saint John River frustrating swath of southern New Brunswick

April 24, 2019 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Thane Mallory says the picturesque water view out the back window is what keeps him going back every day to Gulliver’s World Cafe, his restaurant in Gagetown, N.B. “I wake up every morning and look out the back

News CatastrophesRestoration

 Out of control Saskatchewan wildfire triggers state of emergency, evacuation

April 23, 2019 THE CANADIAN PRESS

BIGGAR, Sask. – Saskatchewan’s fire commissioner is urging people across the province not to have open fires as a wildfire around the town of Biggar sparked a state of emergency and some evacuations. Duane McKay says crews are assessing what

News CatastrophesInsurance

Flooding fears persist in Quebec town after worst deluge in 48 years

April 17, 2019 THE CANADIAN PRESS

BEAUCEVILLE, Que. – A Quebec town that this week suffered its worst flooding in nearly 50 years is fearing more damage as rain is forecast in the coming days. Officials in Beauceville, about 90 kilometres south of Quebec City, say

News AdjustersCatastrophesClaimsInsurance

Uber-style platform for expediting appraisals now in Canada

April 16, 2019 by David Gambrill

An Uber-style platform to expedite home and auto claims appraisals has made its way into Canada. Offered by WeGoLook, the online and mobile sharing-economy platform provides personalized, onsite data capture for inspections and low-complexity services across the United States. Now

News CatastrophesClaimsEarnings / RatingsInsurance

Is the reserve release tank running on empty?

April 15, 2019 by David Gambrill

The Canadian property and casualty industry saw its reserve releases contract in 2018 to their lowest level in seven years, according to MSA’s Q4 2018 Quarterly Outlook. Expressed as a percentage of loss development margin, reserve releases last year amounted

News CatastrophesClaimsInsurance

March winter storm costs insurers over $124 million

April 12, 2019 by Jason Contant

A mid-March winter storm that struck central and eastern Canada caused over $124 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) said Thursday. The storm hit Ontario on Mar. 14 and continued through Quebec, New Brunswick and Nova

News Catastrophes

The change to disaster mitigation funding that IBC is looking for

April 10, 2019 by Greg Meckbach

The insurance industry needs to ensure its own flood risk maps are widely available and the federal government needs to make it easier to spend money on disaster mitigation projects, says Insurance Bureau of Canada CEO Don Forgeron. The federal

News AdjustersCatastrophes

More than 100,000 Quebeckers without power after wind, freezing rain

April 10, 2019 THE CANADIAN PRESS

MONTREAL – Premier Francois Legault says the large majority of the more than 100,000 Quebec homes still without power after Monday’s ice storm will have electricity restored by Wednesday night. Speaking to reporters in Quebec City, Legault thanked Hydro-Quebec crews,