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B.C. flooding is the costliest severe weather event in province’s history
December 10, 2021 by Jason ContantIt’s official — the massive flooding in southern British Columbia is the costliest severe weather event in the province’s history. In a press release issued late Thursday by Insurance Bureau of Canada (IBC), Catastrophe Indices and Quantification Inc. (CatIQ) said…
B.C. moves to recovery management phase after floods; most military leaving province
December 7, 2021 by Dirk Meissner - THE CANADIAN PRESSVICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety…
Claims adjusters react to B.C. flooding
December 6, 2021 by Greg MeckbachIt’s too early to tell how much the recent “atmospheric river” in British Columbia will cost the industry, but independent adjusters are observing widespread damage. Environment Canada lifted weather alerts for British Columbia on Thursday as storm conditions eased, floodwaters…
Can we blame climate change for B.C. ‘atmospheric river?’
December 2, 2021 by Greg MeckbachWe can’t say for sure that climate change has caused the heavy rainfall and severe floods and landslides currently affecting British Columbia, but global warming is making disasters like this more likely, a Swiss Re speaker suggested Thursday. “Warmer air…
More flood warnings, watches issued in B.C. as province braces for third rainstorm
November 29, 2021 by THE CANADIAN PRESSVANCOUVER – Flood warnings are posted for a section of British Columbia’s southern Interior and flood watches or high water advisories cover large parts of the province, as it deals with the consequences of a second major rainstorm in as…
Extreme wildfire weather increasing around the globe, some of the largest increases in Western Canada: research
November 25, 2021 by Bob Weber - THE CANADIAN PRESSNew research suggests the risk of extreme wildfire events is increasing across the globe, with some of the largest increases in Western Canada. The research, conducted by Natural Resources Canada and published Thursday in the journal Nature, says rising temperatures and…
Flooding reported in Cape Breton and western Newfoundland as storm stalls over region
November 24, 2021 by Michael MacDonald and Sarah Smellie - THE CANADIAN PRESSTorrential rain flooded basements and washed out roads and bridges in western Cape Breton and southwestern Newfoundland on Wednesday, as a huge storm spent a third day slowly trudging over Atlantic Canada. A state of emergency was declared late Tuesday in Cape…
Private Lives: How to ensure discretion for your HNW clients’ claims
November 23, 2021 by Brooke SmithPrivacy is an essential part of insurance and for high net worth (HNW) clients, it’s even more important to be discreet — particularly if they have insurance claims. “For a HNW client, [any kind of loss] resulting in a claim…
Maritimes targeted for blast of torrential rain and powerful winds
November 22, 2021 by The Canadian PressHALIFAX – Much of the Maritime region is bracing for strong winds and heavy downpours that could dump up to 150 millimetres of rain in some areas by Wednesday. Total rainfall over the next 36 hours is expected to be…
BrokerLink acquires brokerages in Alberta, Ontario
November 16, 2021 by Jason ContantBrokerLink has announced the acquisition of three new brokerages in Canada — one in Alberta and two in Ontario. The Intact Financial Corporation subsidiary said Monday it had acquired Alberta-based Blue Circle Insurance Brokers Ltd., as well as Ontario-based Stevenson…
20 evacuation centres open in B.C. for rescued motorists, residents escaping
November 16, 2021 by The Canadian PressAGASSIZ, B.C. – Melanie Forsythe’s drive home from Vancouver to Hope, B.C., had her making at least five detours as torrential rain washed out a bridge, closed roads and trapped her overnight between two mudslides before a helicopter landed on…
How much Intact has improved its personal property loss ratio
November 15, 2021 by Greg MeckbachAs home insurance prices continue to climb, Intact Financial Corp. reported an underwriting profit in personal property in the latest quarter, despite higher-than-normal weather catastrophe losses. The personal property line “should operate” with combined ratios below 95% “even with severe…