Canadian Underwriter

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Catastrophes


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Where the federal government sits with its national flood insurance review

May 20, 2020 by Greg Meckbach

Six years after the federal government promised to explore options for a national approach to home flood insurance, the feds are still thinking about it. About 13,000 were recently evacuated from Fort McMurray, Alta., because of flooding on the Athabasca

News CatastrophesInsurance

Opinion: COVID is nasty and impactful, but it’s not a Black Swan

May 19, 2020 Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction

Since the “black swan” metaphor was coined in the 2007 book of the same name, it has become fashionable to label virtually all low probability/high impact events black swans. But the danger of making an occurrence like the COVID-19 outbreak

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MGB’s continued claims services to the commercial/ industrial markets following Fort McMurray flood

May 14, 2020 MGB Claims Consultants

TORONTO,ON, MAY 14, 2020/insPRESS/  – MGB Claims Consultants Inc., Canada’s leading commercial/industrial and complex claims management firm, continues to provide claims support in Fort McMurray in response to the April flooding event. The MGB team is on site to assist

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Fort McMurray homeowners clean up as insurance questions linger after flooding

May 11, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Cora Dion’s voice echoes as she films a video showing what’s left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage.

News Catastrophes

How B.C. is gradually reopening its economy

May 8, 2020 Dirk Meissner -THE CANADIAN PRESS

VICTORIA – British Columbia has reached the point in the COVID-19 pandemic where it will start a gradual reopening of the economy while also allowing social interactions between families, friends and communities to increase. The plan to restart the province

News CatastrophesClaimsClimate ChangeInsurance

Opinion: Climate change isn’t pausing for the pandemic

May 7, 2020 Dr. Janis Sarra, Professor of Law, University of British Columbia

As the insurance sector adjusts to respond to challenges related to the novel coronavirus, flood season in Canada is beginning. Today, residents in Fort McMurray, Alta., are returning to clean up their flooded homes and businesses on the anniversary of

News CatastrophesClaimsClaims CanadaRisk

Dozens more die of COVID in Canada; Greyhound to shut down all service 

May 7, 2020 Colin Perkel - THE CANADIAN PRESS

TORONTO – Dozens more people in Canada have succumbed to COVID-19, authorities reported on Thursday, as one of the country’s major inter-city bus carriers announced it would be shutting down completely due to a precipitous drop in passengers forced by

News CatastrophesClaimsClaims CanadaClimate Change

Federal scientists predict high wildfire risk across Western Canada

May 6, 2020 Bob Weber - THE CANADIAN PRESS

EDMONTON – A majority of forests in Canada face a higher-than-normal wildfire risk this summer, say federal scientists. The forecast map from Natural Resources Canada suggests every region west of central Quebec will face an above-average hazard. “We’re starting to

Feature Catastrophes

The biggest one

May 5, 2020 David Gambrill, Editor in Chief

How the industry will survive a global pandemic

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CRU GROUP honoured to assist with Fort McMurray devastation

May 5, 2020 by CRU Adjusters

TORONTO, ON, MAY 5, 2020/insPRESS/ –  Unlike the 2016 wildfire, Fort McMurray residents and business owners only needed to evacuate for one week before returning to their properties after the recent flood. Assessing the damages and working through the necessary

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How this reinsurer views property risk in Fort McMurray

May 4, 2020 by Greg Meckbach

Some properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is

News CatastrophesClaimsClaims CanadaEngineering

Report recommends measures to avoid repeat of flooding in Quebec community

May 4, 2020 Stephanie Marin- THE CANADIAN PRESS

MONTREAL – A report into the rupture of a dike in Ste-Marthe-sur-le-Lac, Que., during spring flooding last year suggests several problems including a lack of awareness among the population about the associated risks of living in the area. The report