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climate change

News Climate ChangeInsurance

Flood risk awareness: Dialogue around “re-location” has arrived

July 18, 2019 by David Gambrill

Canadian P&C insurers believe they are starting to make headway with national and provincial governments on the climate change adaptation file. This has put the industry in the thick of a relatively new political dialogue about re-locating Canadians who live

News CatastrophesClaimsClaims CanadaClimate Change

Why climate change might be worse than you think

June 21, 2019 by Greg Meckbach

If you are using today’s climate models to predict the frequency and severity of tomorrow’s severe weather, your estimates could be off, suggests a recent convocation speaker at a major Canadian university. Recent unusual patterns in the jet stream are

News Climate ChangeInsurance

Is climate change to blame for Alberta wildfires?

June 3, 2019 by Jason Contant

Is climate change causing the massive wildfires that are burning out of control in Alberta, which are now reportedly nearing half the size of the 2016 Fort McMurray wildfire? Not on its own, but climate change can mean a fire

News CatastrophesClimate ChangeInsurance

Long-range weather forecast: more flood claims for the P&C industry

April 3, 2019 by Jason Contant

Coastal flooding is expected to increase in many areas of Canada, bringing with it increased risk of damage to coastal infrastructure, according to a report released Tuesday by the federal government. “Local sea level is projected to rise, and increase

News Climate Change

What the climate in these Canadian cities could be like in 2080

February 13, 2019 Bob Weber - THE CANADIAN PRESS

Wondering what your city’s climate will be like in a few decades? Look south – about 1,000 kilometres south, says an unusual new study published Tuesday. That’s the average distance between 540 cities in the United States and Canada and

News Climate Change

How flood risk will change in Northern Canada

January 16, 2019 Bob Weber - THE CANADIAN PRESS

The impact of climate change on roads and other crucial structures in Canada’s North is likely to be even greater than feared, says new detailed research. “These are greater impacts than anything I’m aware of,” said John Pomeroy, head of

News Climate ChangeInsuranceReinsurance

What could drive reinsurers away from some markets

December 10, 2018 by Greg Meckbach

Reinsurance is extremely important but could get too expensive in certain areas, industry leaders said at a recent event. Some insurance companies today are “dialing up their reinsurance protection – property and cat risk in particular in the United States,”

News CatastrophesClimate ChangeLegislation / Regulation

A new idea to cover basement flooding losses

October 26, 2018 by Greg Meckbach

The money needed to pay homeowners the cost of basement flooding could be raised by suing large oil firms, a politician suggested Thursday. “A lot of people are not going to be able to qualify for private insurance against flooding

News Climate ChangeLegislation / Regulation

Tories call for ‘made-in-Ontario’ climate change adaptation plan

August 21, 2018 by Greg Meckbach

Ontario’s new government is promising to address property risk with a “new climate change plan,” but one of the first things it has done is table legislation scrapping a program that charges people for carbon emissions. “We know that the

News Climate ChangeInsurance

New risks arising from Canadian arctic shipping

July 17, 2018 by Greg Meckbach

As shrinking arctic ice opens up of new shipping routes through Canada’s Arctic Archipelago, this presents challenges for risk managers and insurers, Allianz Global Corporate and Specialty suggests in a report scheduled for release Wednesday. “Arctic ice has been thinning and

Feature ClaimsClimate Change

Insuring the Intangibles

June 7, 2018 Adrian Hall, CEO; Corrinne Pollard, Head of Claims; and Sarah Kestle Head of Sales, Swiss Re Corporate Solutions Canada; and Xavier Tinguely, Senior Corporate Development Manager, Swiss Re Corporate Solutions, USA

A shift in the global economy has changed the risks facing Canadian businesses. Companies are now calling for insurance solutions that protect their intangible assets.

News CatastrophesClimate ChangeInsuranceLegislation / RegulationMarkets / Coverages

2018 Outlook: Denis Dubois, President, COO, Desjardins General Insurance Group

December 29, 2017 Denis Dubois

Canada’s property and casualty insurance industry will continue to evolve rapidly in 2018 in response to accelerating technology, changing customer expectations and climate change. Technology is a double-edged sword for insurers. Vehicles are safer than ever thanks to multiple sensors