Topic Catastrophes
Afterburn
April 8, 2020 by Greg Meckbach, Associate EditorHome insurers in Quebec may be on the hook for major fire losses on their property policies in the aftermath of an earthquake
How Canada’s fire departments are responding to COVID-19
March 20, 2020 by Amy Smart - THE CANADIAN PRESSVancouver’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…
The impact of COVID-19 on independent adjusters
March 18, 2020 by Greg MeckbachAs 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…
Quebec warns no emergency shelters for spring flooding amid COVID 19 outbreak
March 17, 2020 by THE CANADIAN PRESSMONTREAL – 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…
Considering your climate risks? The solvency regulator is, too…
March 3, 2020 by David GambrillClimate change risk is very much on the radar of Canada’s solvency regulator. In a mid-February speech to the 17th Annual Review of Insolvency Law (ARIL) Conference in Vancouver, B.C., Jeremy Rudin, Canada’s superintendent of financial institutions, outlined three climate-related…
The cascading societal effects of insurance flood claims
February 27, 2020 by Adam MalikInsurance flood claims have a much broader societal impact than on just the property and casualty insurance industry alone — which is another reason why it is critical to start adopting flood mitigation and prevention measures now, a climate expert…
The hard part of managing wildfire risk
February 26, 2020 by Greg MeckbachYour 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…
How the P&C industry can help move the needle on building a climate-resilient society
February 14, 2020 by Adam MalikThe 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,…
Aftermath of massive St. John’s snowstorm
February 13, 2020 by Holly McKenzie-Sutter - THE CANADIAN PRESSJOHN’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…
Why P&C will need to lead the charge on climate change action
February 12, 2020 by Adam MalikIf recommendations from a report released last year on sustainable finance are going to succeed, the property and casualty insurance industry is going to play a key role in making it happen, said one expert. There is a lack of…
When can Canadian clients get advance warning of earthquakes?
February 10, 2020 by Greg MeckbachIf 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…
Advice to Canadian industry from former U.S. government flood insurance CEO
February 10, 2020 by Greg MeckbachA 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…