Canadian Underwriter

Keyword
derecho

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News BrokersInsuranceProfessional Development

Is it business as usual for brokers post-pandemic?

June 14, 2022 by Alyssa DiSabatino

Although public health indicators have seemingly stabilized and provinces are doing away with COVID-19 restrictions, clients aren’t all rushing to change their policies mid-stream, say brokers.  In fact, many clients seem to be sticking to the policy changes they made

A tornado twists across a darkened sky, in a rural field of wheat.
News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Is wind the new water?

June 8, 2022 by Alyssa DiSabatino

When a storm hits, it’s no surprise that extreme wind can be a significant driver of insured losses — but wind may actually edge out water as the industry’s costliest weather event, said one industry expert.   “From 2008 to

a maroon coloured minivan is being hoisted on to a tow truck. A fallen tree is in the forefront of the photo. A man in a yellow vest and a CAT vehicle are in the background.
News Insurance

How the derecho impacted claims service levels

June 7, 2022 by Jason Contant

It’s only natural claims adjusting service levels will drop, given the large number of claims arising from the derecho that struck parts of Ontario and Quebec in May, says the president of the Canadian Independent Adjusters’ Association (CIAA). “Things like

a maroon coloured minivan is being hoisted on to a tow truck. A fallen tree is in the forefront of the photo. A man in a yellow vest and a CAT vehicle are in the background.
News CatastrophesClimate ChangeInsurance

Becoming better at planning for disasters

June 6, 2022 by Alyssa DiSabatino

If the ongoing flooding in Manitoba and the Ontario/Quebec derecho storm of last month taught us anything, it’s that we must change how we think about natural disasters, argue the Institute for Catastrophic Loss Reduction’s Glenn McGillivray, and PhD candidate Korey Pasch,

Tree and property damage from natural disaster
News CatastrophesClaimsInsurance

Where the derecho falls among Canadian Cat events

May 30, 2022 by David Gambrill

Canada’s rare and deadly derecho last week seems likely to rank among the country’s Top 10 costliest insured catastrophes, Aon plc predicts. “In Canada, a rare derecho impacted densely populated metropolitan areas in Ontario and Quebec on May 21 that

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

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 BrokersCatastrophesClaimsClaims CanadaInsuranceRisk

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