Canadian Underwriter

Topic
Catastrophes


Feature CatastrophesClaimsLegislation / Regulation

There goes the neighbourhood

January 4, 2020 Sarah Cunningham-Scharf, Freelance Writer

How governments and the industry should broach the delicate topic of expropriation in areas at high risk of flood damage

News CatastrophesClaimsMarkets / CoveragesReinsurance

What reinsurance renewals on Jan. 1 told us about the market

January 2, 2020 by David Gambrill

Reinsurance renewals at Jan. 1, 2020 reflected an “asymmetrical” market, featuring a mixed bag of rate increases or decreases (depending on the specific business line or territory), as well as significant rate increases in the retrocession markets, according to Guy

Feature CatastrophesClaims CanadaClimate Change

Bright skies ahead

January 1, 2020 Adam Malik, Managing Editor

Catastrophes have hit Canadian P&C adjusters  hard, causing many to wonder if the industry has  the capacity to handle increasing workloads. Why adjusters see sunnier times ahead

Feature BrokersCatastrophesClaimsInsurance

Executive Outlook 2020 | Silvy Wright, Northbridge

December 27, 2019 by David Gambrill

Silvy Wright, President, CEO, Northbridge Financial Corporation The industry’s top priority should be helping our customers effectively navigate volatile market conditions. The challenges being faced in both commercial and personal lines are considerable, from rising auto repair costs, required auto

News CatastrophesInsuranceRisk

Why the Fort McMurray wildfire wasn’t worse

December 10, 2019 by Jason Contant

A young, mobile population with strong safety training contributed to a successful evacuation during Canada’s costliest disaster three years ago in Fort McMurray, Alta., an author said recently at Insurance Bureau of Canada’s (IBC) inaugural Commercial Insurance Symposium. “Most work

Feature Catastrophes

Flooded with new exposure

December 2, 2019 David Gambrill, Editor-in-Chief

Laura Twidle, managing director at Catastrophe Indices and Quantification Inc. (CatIQ), adds a new twist on why the P&C industry is inundated with flood claims. Hint: It’s not just climate change

News CatastrophesClaimsInsurance

Removing crane downed in Halifax during Dorian cost $2 million: minister

November 28, 2019 The Canadian Press

HALIFAX – Nova Scotia’s transportation minister says the cost of removing a construction crane that toppled in downtown Halifax during post-tropical storm Dorian is at least $2-million. Lloyd Hines says the province is examining invoices from an engineering firm and

News CatastrophesClaimsClaims Canada

Thousands displaced by this apartment fire won’t go home this year

November 18, 2019 by Greg Meckbach

More than 1,000 residents displaced by a major electrical fire in 2018 will not be moving back into their apartment building this year. A fire broke out Aug. 21, 2018 in the electrical room of 650 Parliament Street, a high-rise

News CatastrophesClaimsInsurance

A new way to make insurance for high-risk homes in flood plains affordable

November 14, 2019 by Adam Malik

Amphibious architecture could be the key to mitigating flood risk and making insurance affordable for those living and working in floodplains, according to one expert. The technology allows structures to float as water levels rise. Amphibious construction and retrofitting of

News CatastrophesInsuranceRestoration

Evacuation order lifted nearly two months after crane collapse

November 6, 2019 The Canadian Press

HALIFAX – The last three businesses evacuated when a crane collapsed in downtown Halifax are being allowed to return to their locations, almost two months after a storm toppled it. The final stage of the crane and debris removal from

Feature AdjustersCatastrophesClaims CanadaReinsurance

Heat Map

November 3, 2019 Greg Meckbach, Associate Editor

Reinsurers bore a large portion of the Fort McMurray wildfire losses. Now, they want better data on Canada’s high-risk areas

Feature CatastrophesClaimsClaims Canada

Mind the Gap

November 2, 2019 Jason Contant, Online Editor

The gap between those who are insured against catastrophes and those who aren’t is still noticeably wide, particularly as storms are supposed to get worse. Monica Ningen, president and CEO of Swiss Re Canada and English Caribbean, describes  what can be done.