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bomb cyclone

Houses along the shores of Lake Erie following December's 'bomb cyclone'
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Why Ontario should worry about worsening weather

January 19, 2023 by Alyssa DiSabatino

Final numbers for 2022 show another year of NatCats reaching over $3 billion in insured damages (and, at $3.1 billion, the third highest total NatCat losses in Canadian history).  Those figures don’t just point to more insured damages losses for

Financial results graph in blue
News AnnouncementsBrokersCatastrophesClaimsClimate ChangeCommercial LinesInsurance

Intact reveals fourth quarter catastrophe loss estimate

January 12, 2023 by Alyssa DiSabatino

Intact’s Canadian segment experienced an estimated $77 million, pre-tax, in catastrophe losses during the last quarter of 2022, the company said in a report. That figure is below the previous year’s fourth quarter losses.  The Canadian cat losses were mostly

The tail of an Air Canada aircraft behind a pile of snow at Vancouver airport
News AdjustersCatastrophesClaimsClaims CanadaInsuranceMarkets / Coverages

What claims adjusters are seeing from holiday winter storm

January 10, 2023 by Jason Contant

Wind and water claims make up the bulk of the ‘bomb cyclone’ weather event that swept through eastern Canada during the holidays last month, adjusters told Canadian Underwriter. Much of North America was bombarded by heavy snowfall, strong winds and

Houses along the shores of Lake Erie following December's 'bomb cyclone'
News CatastrophesClaimsClaims CanadaInsurance

How much did December’s ‘bomb cyclone’ cost Canadian insurers?

January 5, 2023 by Jason Contant

The ‘bomb cyclone’ that ripped through eastern Canada during the holiday season has been declared a catastrophe, Catastrophe Indices and Quantification Inc. (CatIQ) confirmed to Canadian Underwriter Thursday. The winter storm brought heavy snowfall, strong winds and blizzard conditions to