Canadian Underwriter

Topic Catastrophes

Aerial view of a residential district in Ontario
News CatastrophesClaimsPersonal Home

Canada’s most exposed insurance lines

May 31, 2022 by Jason Contant

Exposure related to insuring personal lines of business in general continues to see steady growth in the Canadian P&C insurance industry, with a whopping $9.3 trillion of personal property assets in Canada now insured against fire, according to Catastrophe Indices

Image of man standing with his hands on his hips, looking at Winnipeg's red river floodway
News AdjustersCatastrophesClaimsClaims ProfessionalsInsurersManitobaOntario

Adjusters stretched thin after back-to-back storms

May 31, 2022 by Alyssa DiSabatino

Manitoba has experienced one of the wettest springs on record, and the back-to-back storms and flooding have stretched adjusters’ resources very thin, claims professionals say.  Strong winds and a rainstorm that occurred in Manitoba last evening have continued into today. This event

Stormy sky with a wall of clouds
News B.C.CatastrophesClaimsOntarioQuebec

Hot summer temperatures, big storms to sweep much of Canada, Weather Network predicts

May 31, 2022 by David Friend - THE CANADIAN PRESS

TORONTO – Seasonal or higher than normal temperatures across much of the country will offer Canadians a chance to enjoy the summer, but predictions from a prominent national forecaster warn the humidity could welcome a rather stormy few months. Chris

Container ship, heavily loaded, at sea.
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War and other factors loom over shipping sector: report

May 27, 2022 by Philip Porado

While fewer total losses of cargo ships worldwide is good news for marine insurers, the number of shipping casualties rose during 2021, said Allianz Global Corporate & Specialty’s (AGCS) annual Safety & Shipping Review. Globally, 54 total vessel losses were

Tree damage following derecho
News AdjustersCatastrophesClaimsClaims ProfessionalsEnvironmentalOntarioPersonal HomeQuebec

Emergency alerts when severe weather happens can be improved: Environment Minister

May 26, 2022 by Mia Rabson - THE CANADIAN PRESS

OTTAWA – Emergency weather alerts that are broadcast over the mobile network should be improved to make sure they are getting to the right people at the right time, Environment Minister Steven Guilbeault said Wednesday. Guilbeault is in Germany for

Delta flooding after hurricane.
News AdjustersAlbertaB.C.BrokersCatastrophesClaimsClaims Canada ArchiveClaims ProfessionalsClaims TechnologyEnvironmentalLoss ControlLoss TrendsManitobaNew BrunswickNewfoundland & LabradorNova ScotiaNunavutNWTOntarioP.E.I.Personal AutoPersonal HomePropertyQuebecSaskatchewanTechnologyYukon

How to speed up claims response for NatCats

May 25, 2022 by Yasser Korany, Mario Delorme and Mazen Habash

Extreme weather events have become common, some bringing unprecedented levels of destruction to structures and facilities, overwhelming owners, property managers and insurers. In response, nearly all major insurers have created centralized Cat units dedicated to handling claims arising from extreme

A twister is pictured at the end of a country road. The sky is dark and storming.
News AdjustersCatastrophesClaimsEnvironmentalInsurersOntarioQuebec

Was derecho storm damage caused by climate change?

May 25, 2022 by Alyssa DiSabatino

The Long Weekend derecho storm in Ontario and Quebec, which spawned a tornado in Uxbridge, Ont., and resulted in over 1,000 kilometers of damage, is “very difficult” to credit as a climate change event, even though the industry is seeing

Storm cloudscape over grass field
News CatastrophesClaimsClaims ProfessionalsEnvironmentalOntarioPersonal HomePropertyQuebec

First Cat of the year predicted after powerful “derecho” storm

May 24, 2022 by Alyssa DiSabatino

A series of powerful thunderstorms that affected Ontario and parts of Quebec this weekend is already being billed by the industry as the first major Cat of 2022. And while industry experts anticipate a large number of insured damages, one

A barren farm field
News AlbertaCatastrophesEnvironmentalManitobaSaskatchewan

The window of opportunity to address increasing drought and expanding drylands is vanishing

May 10, 2022 by The Canadian Press

By Margot Hurlbert, Canada Research Chair, Climate Change, Energy and Sustainability, University of Regina – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information

A woman stands in the backyard of her flooded home in Calgary in 2013
News AlbertaCatastrophesConstructionEnvironmentalPersonal Home

Construction to begin on flood mitigation project west of Calgary

May 5, 2022 by The Canadian Press

CALGARY – Nine years after a catastrophic flood caused billions of dollars in damage to parts of Calgary and surrounding communities, work is to begin on a dam to protect the area from rising water in the future. Premier Jason

Alberta oil sands facility.
News AlbertaB.C.CatastrophesCommercialEnvironmentalInsurersLegalLicensing

Insurance Act changes may help Alberta as insurers retreat from oil and gas

May 4, 2022 by Philip Porado

Major insurers continue to announce they’ll cease issuing coverage to the oil and gas industry, which remains economically critical to Alberta and other Canadian provinces – and is poised to experience a demand boost as Europe seeks alternatives to Russian

Damage after a tornado in Barrie, Ont. in July 2021
News CatastrophesClaimsConstructionEnvironmentalOntarioPersonal AutoPersonal HomeProperty

Why Barrie’s 2021 tornado damage was “largely preventable”

May 4, 2022 by Jason Contant

More than 35 years after a deadly tornado in Barrie, Ont. – the site of another strong tornado last year – the industry is still looking for modernizations to the Ontario Building Code and tornado protection construction practices. “Since before