Canadian Underwriter

Topic
Catastrophes


Feature CatastrophesClaims CanadaRisk

Business, interrupted

April 3, 2020 Brooke Smith, Freelance Writer

Businesses can lose revenue in any number of ways. Increasingly, they can be shut down for political risks that are beyond the company’s control. Examples of emerging business interruption risks include trade wars, armed conflicts, or political protests. As businesses

News CatastrophesClaimsClaims Canada

How Canada’s fire departments are responding to COVID-19

March 20, 2020 Amy Smart - THE CANADIAN PRESS

Vancouver’s fire department is preparing to stop responding to the site of non-critical medical calls to preserve its ability to respond to major fires and other emergencies during the COVID-19 pandemic. Fire Chief Darrell Reid told a news conference this

News AdjustersCatastrophesClaimsClaims CanadaInsurance

The impact of COVID-19 on independent adjusters

March 18, 2020 by Greg Meckbach

As most Canadians are being asked to leave home only when necessary, how will the property and casualty industry deal with a large catastrophe, such as a major wind storm, while still taking precautions to reduce the risk of COVID-19

News CatastrophesClaimsInsurance

Quebec warns no emergency shelters for spring flooding amid COVID 19 outbreak

March 17, 2020 THE CANADIAN PRESS

MONTREAL – Quebec’s public security minister is warning that due to the novel coronavirus outbreak, the province will not be able to open emergency shelters in the event of spring flooding. Genevieve Guilbault says the COVID-19 pandemic is changing the

News CatastrophesClaimsClimate ChangeInsurance

The hard part of managing wildfire risk

February 26, 2020 by Greg Meckbach

Your clients may be doing all the right things to manage their wildfire risk, but what about the property halfway down the street? “You can have four homes in a row that are perfectly maintained, just the way they are

News CatastrophesClaimsInsurance

How the P&C industry can help move the needle on building a climate-resilient society

February 14, 2020 by Adam Malik

The clock is ticking on taking action when it comes to creating more climate-resilient homes, neighbourhoods and cities, a panel warned at a recent conference. When asked by moderator Glenn McGillivray, managing director of the Institute for Catastrophic Loss Reduction,

News Catastrophes

Aftermath of massive St. John’s snowstorm

February 13, 2020 Holly McKenzie-Sutter - THE CANADIAN PRESS

JOHN’S, N.L. – The mayor of St. John’s, Nfld. says the cleanup after last month’s fierce blizzard could cause the city to blow its snow-clearing budget by several million dollars. Newfoundland and Labrador’s capital was under a weeklong state of

News CatastrophesInsuranceReinsurance

When can Canadian clients get advance warning of earthquakes?

February 10, 2020 by Greg Meckbach

If an earthquake hits Canada after 2024, some clients could get at least a few seconds’ advance warning. At least that’s what the federal government is hoping for. “Earthquake early warning has the potential to reduce the impact of a

News CatastrophesClaimsClaims CanadaInsurance

Advice to Canadian industry from former U.S. government flood insurance CEO

February 10, 2020 by Greg Meckbach

A former head of the United States National Flood Insurance Program has some frank advice for Canadian insurance professionals concerned about the lack of affordable overland flood coverage insurance for high-risk properties. “Look at what they have done south of

News CatastrophesEngineeringInsurance

What underwriters can learn from Cloudy with a Chance of Meatballs

February 6, 2020 by Greg Meckbach

Hail is a major driver of insured property damage in Canada, but testing resilience of roofing material by dropping steel balls on it has limited value, a CatIQ Connect speaker suggested Wednesday. Roy Wright, president and CEO of the Insurance

News CatastrophesClaimsClaims CanadaInsurance

What the regulator found when asking if fire following earthquake is covered in Quebec

February 5, 2020 by Greg Meckbach

Most Quebec homeowners are covered for fire following earthquake, according to a survey by the province’s regulator, which canvassed about 90% of insurers doing business in Quebec. The results of the Quebec Autorite des Marches Financiers (AMF) survey indicate that

News CatastrophesClaimsClimate ChangeInsuranceRisk

This is how much severe weather claims could cost in 10 years

February 3, 2020 by Jason Contant

Large losses will become larger, and the average annual severe weather claims paid by insurers in Canada could more than double over the next 10 years, according to a new report from the Insurance Institute of Canada. Since 2013, severe