Topic Catastrophes
Lloyd’s proposes “open source” frameworks for future pandemic coverage
July 6, 2020 by David GambrillLloyd’s of London is proposing three “open-source frameworks” to provide a blueprint for better protecting society against systemic catastrophic events such as pandemics, after noting the market will pay out between $3 billion and $4.3 billion to its global customers…
Lac Megantic marks seventh anniversary of 2013 rail disaster with memorial site
July 6, 2020 by Stephanie Marin – THE CANADIAN PRESSSeven years after a rail disaster decimated its downtown, Lac-Megantic sought Monday to honour both its past and future by inaugurating a long-planned memorial space at the site at the heart of the tragedy. On July 6, 2013, a runaway…
Flood warnings issued as B.C.’s major rivers surge, rainfall continues
July 3, 2020 by Amy Smart - THE CANADIAN PRESSVANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper…
What was abnormal about June Calgary hail storm
July 2, 2020 by Greg MeckbachAlberta’s hailstorm in mid-June was so severe that some homes suffered interior damage as a result, an independent adjusting firm reports. “We have seen skylights completely blown out to the point that the hail that impacted that skylight also impacted…
Dam threatened by water levels in rural Manitoba, some residents evacuate
July 2, 2020 by THE CANADIAN PRESSRIVERS, Man. – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan…
What you’ll need to think about when re-opening
June 30, 2020 by Adam MalikWhile maintaining employee safety is critical, there are other areas of your business that require diligent attention before re-opening, explained Hub International’s risk leader. With re-opening taking place across the country after the COVID-19 pandemic forced many to close, a…
New models show COVID 19 progress but with ‘hotspots’ to monitor: Trudeau
June 29, 2020 by THE CANADIAN PRESSOTTAWA – New federal models show continued progress in suppressing the spread of COVID-19, but with significant hotspots. The figures released by the Public Health Agency of Canada Monday show that some areas have been more heavily impacted by COVID-19…
How ‘actual cash value’ could be affecting some Alberta hail victims
June 26, 2020 by Greg MeckbachIf some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of…
Public reaction to insurers ‘could get ugly’ after Calgary hail storm: Broker
June 25, 2020 by Greg MeckbachThe industry’s reputation could take a beating in the aftermath of the devastating June 13 Alberta hail storm if misleading rumours are spread by people who do not understand how insurance works, an official with the province’s broker association warns.…
How Alberta brokers are faring with hail claims
June 23, 2020 by Greg MeckbachBrokers with clients in northeast Calgary are getting overwhelmed with claims from the June 13 storm, a board member of the province’s association says. “You can just hear the exasperation in their voice when you talk to them, and the…
The likelihood that COVID-19 could kill a Canadian P&C insurer
June 22, 2020 by Adam MalikThere’s a chance COVID-19 could claim a Canadian insurer, one property and casualty insurance expert believes. “Canada has been blessed for a sustained period with no insurer failings — but there will be one,” warned Alister Campbell, president and CEO…
Calgary hail damage ‘pretty startling’ to this adjuster
June 19, 2020 by Greg MeckbachIf 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…