Canadian Underwriter

Topic Catastrophes

News AdjustersCatastrophesClaimsClaims Canada ArchiveTrending

Calgary hail damage ‘pretty startling’ to this adjuster

June 19, 2020 by Greg Meckbach

If you have clients in the Calgary area who suffered property damage in the June 13 hail storm, they could be waiting a while to get their properties repaired, an executive for one independent adjusting firm suggests. “There are tens

News CatastrophesClaimsClaims Canada ArchiveTrending

Why the latest Calgary hail storm could cost $1 billion

June 15, 2020 by Greg Meckbach

The thunderstorm that hit Calgary this past Saturday evening could be more expensive to the industry than the 2014 Airdrie, Alta., hail storm that cost P&C insurers more than $500 million, an industry watcher suggests. Hail the size of tennis

News BrokersCatastrophesClaimsCommercialHRInsurersRisk Managers

CU Webinar: Industry execs to discuss impact of economic recession on Canada’s P&C industry

June 12, 2020 by David Gambrill

Way back in 2020 Q1, before the world turned upside down, the Canadian property and casualty insurance results were on the rebound from a difficult prior year. But on Mar. 11, 2020, the World Health Organization declared the novel coronavirus

News AdjustersCatastrophesClaims ProfessionalsInsurersLoss ControlLoss TrendsPersonal Home

One cheap way for cities to reduce basement flood risk

June 11, 2020 by Greg Meckbach

The Intact Centre on Climate Adaptation is encouraging Canadian municipalities to follow the example of Nova Scotia municipalities that are distributing basement flood prevention tips to property owners with their tax bill. Starting Friday June 12, both the town and

News CatastrophesSaskatchewan

How wildfire crews are avoiding COVID transmission

June 11, 2020 by Greg Meckbach

Changing the way firefighters eat their meals in camps, having masks on hand, and social distancing are among the precautions the Saskatchewan government has taken to ensure it responds to disasters with the ongoing pandemic. “In Saskatchewan, we have already

News CatastrophesClaimsClaims Canada Archive

Environment Canada says tornadoes destroy barns, down trees in southern Ontario

June 11, 2020 by THE CANADIAN PRESS

GLENCOE, Ont. – Environment Canada says it’s investigating after two tornadoes were reported near London, Ont., Wednesday night. The weather agency says the first happened at 7:50 p.m. in Glencoe, Ont., while the second happened 40 minutes later in Belmont,

News CatastrophesClaimsClaims Canada Archive

How basement flood risk could rise with pandemic-induced municipal funding crunch

June 10, 2020 by Greg Meckbach

The economic repercussions of the COVID-19 pandemic could have an impact on public works projects aimed at reducing basement flooding, the head of an extreme weather risk think tank suggests. “When you are talking about how we are going to

News CatastrophesClaimsManitoba

Roads flooded, some homes evacuated as rain pummels southeast Manitoba

June 9, 2020 by THE CANADIAN PRESS

STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and

News CatastrophesClaimsClaims Canada Archive

Why Intact predicts sustained hard market in home insurance

June 5, 2020 by Greg Meckbach

Natural disasters like the recent Fort McMurray flooding will likely continue driving home insurance rates up, suggests Intact Financial Corp. CEO Charles Brindamour. “Personal property is in a relatively hard market environment with mid to upper single digit rates increases.

News CatastrophesClaimsEditorialLegal

Editor’s Note: Underwriting for the next pandemic

June 5, 2020 by David Gambrill

The social and economic impact of the novel coronavirus pandemic in 2020 is truly horrifying, saddening, and staggering. Many of us have lost loved ones, or know people who are out of work because of the potentially lethal virus moving

News CatastrophesClaims

How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took

News BrokersCatastrophesMergers and Aqcuisitions

Q&A: Business Continuity in the Digital Age

June 1, 2020 by David Gambrill

As an industry challenged by all of the various disasters that the world has to offer, many Canadian property and casualty insurance companies already had business continuity plans in place to keep their operations running in the face of a