Canadian Underwriter

Topic Catastrophes

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New claims-management service launches certificate program for insurers

November 11, 2022 by Alyssa DiSabatino

A new claims management program, which enables insurance companies to divert waste from landfills by recycling flooring and drywall during the claims and restoration process, has officially launched its certification program.   The EcoClaim certificate program will enable insurers to

Sandbag beach reinforcements, which had previously been covered with sand, lie exposed following the passage of Hurricane Nicole, Thursday, Nov. 10, 2022, in Vero Beach, Fla. (AP Photo/Rebecca Blackwell)
News BrokersCatastrophesClaimsEnvironmentalInsurersNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.

Nicole to be typical fall storm, but officials warn of outages where Fiona hit hard

November 11, 2022 by The Canadian Press

HALIFAX – Environment Canada says the Category 1 hurricane that hit Florida early this morning will feel like a typical fall storm when the weather system makes its way to the East Coast this weekend. But officials are warning to

Palm trees in a hurricane
News AdjustersCatastrophesClaimsClaims ProfessionalsEmerging RisksEnvironmentalInsurersLoss ControlPersonal AutoPersonal HomeProperty

How Cats will impact insurers’ and reinsurers’ pricing and investments

November 3, 2022 by Philip Porado

Rising cleanup costs following catastrophic weather events mean P&C insurers and reinsurers may have to adjust what they cover, and how they invest, global financial markets watchdog Fitch Ratings says. As Canada braces for its third year in a row

A maroon coloured minivan is being hoisted on to a tow truck. A fallen tree is in the forefront of the photo. A man in a yellow vest and a CAT vehicle are in the background.
News CatastrophesClaimsClaims ProfessionalsEnvironmentalInsurersOntarioPersonal Home

City of Ottawa awaits answers on derecho storm compensation

October 31, 2022 by Cindy Tran - THE CANADIAN PRESS

OTTAWA – More than five months after a powerful storm damaged property and left people without power for days, the City of Ottawa has yet to be reimbursed by the provincial government for its recovery costs. The derecho, a line

The Fraser Valley in B.C. after flooding on Nov. 21, 2021
News B.C.CatastrophesClaimsEnvironmentalLoss Control

B.C.’s ‘vulnerable’ Fraser Valley needs flood control plan, Senate committee warns

October 27, 2022 by The Canadian Press

OTTAWA – The Senate Committee on Agriculture and Forestry is calling for a comprehensive flood control plan for British Columbia’s Fraser Valley following last year’s catastrophic floods. Last November, historic rainfall caused flooding of 15,000 hectares of land, affecting more

Aerial view of a small town with several houses completely flooded. Consequence of climate change.
News CatastrophesClaimsCommercialConstructionEmerging RisksInsurersPersonal HomeProperty

P&C insurers call for a real estate climate risk score

October 26, 2022 by David Gambrill

Canadian P&C insurers are banding with Canada Mortgage and Housing Corporation (CMHC) to push for the disclosure of a real estate “climate score,” indicating the likelihood of a building or property being damaged during a natural catastrophe. Insurance Bureau of

Buildings sit in the water in Rose Blanche-Harbour Le Cou
News CatastrophesClaimsClaims ProfessionalsCommercialEnvironmentalLoss TrendsNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomeQuebec

Fiona officially the costliest extreme weather event in Atlantic Canada

October 19, 2022 by Jason Contant

Hurricane Fiona is the costliest extreme weather event ever recorded in Atlantic Canada, at $660 million in insured damage, according to preliminary estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The long-lived and powerful storm on Sept. 24 is also

Clean-up from post-tropical storm Fiona in Port aux Basques, Nfld.
News CatastrophesClaimsEnvironmentalNova ScotiaPersonal Home

Nova Scotia legislation would require storm readiness by telecommunications companies 

October 13, 2022 by The Canadian Press

HALIFAX – Nova Scotia is proposing legislation that would require telecommunications companies to be better prepared for weather events like post-tropical storm Fiona or risk stiff fines.   Amendments to the Emergency Management Act and the Emergency 911 Act would

Flooding in Abbotsford, B.C. in November 2021
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Climate Changed: Catastrophe experts say retreat from flood risk is ‘critical option’

October 12, 2022 by Amy Smart - THE CANADIAN PRESS

VANCOUVER – All climate disasters are not created equal and the Institute for Catastrophic Loss Reduction recommends retreat in the face of only one type of threat. “In our opinion, retreat is not an option that is important for most

Firefighter spraying water at a house fire
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No way to enforce fire codes on First Nations, and new law would be costly: document

October 5, 2022 by Stephanie Taylor - THE CANADIAN PRESS

OTTAWA – There is no way to enforce building or fire codes on First Nations and pursuing a legislative fix would require significant time and money, federal officials warn in an internal briefing document. But Blaine Wiggins, the senior director

Mara Elieser, whose husband kept a boat docked nearby, takes photos at the destroyed bridge leading to Pine Island, in the aftermath of Hurricane Ian in Spring Hill, Fla., Sunday, Oct. 2, 2022. The only bridge to the island is heavily damaged so it can only be reached by boat or air. (AP Photo/Gerald Herbert)
News AdjustersCatastrophesClaimsClaims ProfessionalsCommercialCommercial AutoConstructionEnvironmentalLoss ControlLoss TrendsPersonal AutoPersonal HomePropertyRisk ManagersSupply Chain

How Hurricane Ian will strain insurers’ capacity

October 3, 2022 by Philip Porado

Hurricane Ian’s Florida landfall last week and subsequent return to the Carolinas means it’s shaping up to be one of the costliest storms in U.S. history. But, while the storm that arrived on the heels of Hurricane Fiona caused massive

Rubble and damage from Hurricane Fiona in Newfoundland
News AdjustersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyCommercialEnvironmentalNew BrunswickNewfoundland & LabradorNova ScotiaP.E.I.Personal AutoPersonal HomePropertyQuebec

What happened to the ‘quiet’ hurricane season?

September 30, 2022 by Jason Contant

Not long ago, hurricane season began very quietly with no North Atlantic hurricanes in all of August. But now it appears 2022 could produce a record-breaking hurricane. Property data provider CoreLogic is predicting Hurricane Ian could be the costliest Florida