Canadian Underwriter

Keyword
earthquake

Aerial view of a residential district in Ontario
News Insurance

Canada’s most exposed insurance lines

May 31, 2022 by Jason Contant

Exposure related to insuring personal lines of business in general continues to see steady growth in the Canadian P&C insurance industry, with a whopping $9.3 trillion of personal property assets in Canada now insured against fire, according to Catastrophe Indices

News Insurance

What can be done just seconds before an earthquake hits?

December 7, 2021 by Jason Contant

Natural Resources Canada (NRC) is developing an earthquake early warning system that will provide valuable time before an earthquake strikes to allow protective measures to be put in place for people and critical infrastructure. “It can provide anywhere between seconds

News Insurance

Too little, too late? The devastating consequences of natural disasters must inform building codes

November 10, 2021 The Canadian Press

By Anastasia Athanasiou, Postdoctoral fellow, Civil and Environmental Engineering, Concordia University This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site.

News Insurance

Contrary to popular belief, Eastern Canada is more at risk of earthquakes than perceived

September 16, 2021 The Canadian Press

By Jeremy Rimando, Postdoctoral Research Fellow, Structural Geology and Tectonics, McMaster University and Alexander Lewis Peace, Assistant Professor (Structural Geology), McMaster University – THE CONVERSATION This article was originally published on The Conversation, an independent and nonprofit source of news,

News Insurance

Fracking likely to create stronger, more common earthquakes in B.C., study says

May 26, 2021 Bob Weber - THE CANADIAN PRESS

More damaging earthquakes can be expected more often in northern British Columbia as fracking oil and gas wells increases pressure underground, says newly published research. “It makes earthquakes more common and it makes larger ones more common,” said Allan Chapman,

News Insurance

Canada’s P&C industry can’t shoulder the losses of the next earthquake by itself

April 7, 2021 by Adam Malik

Canada isn’t financially prepared to handle a major earthquake whenever it may come, says an industry observer. As a result, the property and casualty industry is at risk without a plan in place. Models are painting a grim picture of

News Insurance

How (and when) to turn a post-earthquake fire Cat into a kitten

March 3, 2021 by David Gambrill

Huge insurance bills for natural disasters such as fire following earthquake could be substantially reduced by paying for improvements that amount to a fraction of the damage estimates. But timing is everything when recommending how to “build back better,” says

News Insurance

How to increase the take-up of earthquake insurance

February 18, 2021 by Jason Contant

When broader government assistance is available for earthquake insurance, the take-up rates for private earthquake insurance appear to be suppressed, according to a new study on the difference between earthquake insurance rates in B.C.’s Lower Mainland and neighbouring Washington State

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How Ottawa is trying to lower earthquake related property losses

December 7, 2020 by Greg Meckbach

Natural Resources Canada is hoping to help insurers cut their loss costs with a yet-to-be released earthquake early warning system. The warning system could provide seconds to tens of seconds of warning before a location is affected by strong shaking,

News Insurance

Opinion: Preparing for future risk? Look to what’s happened in the past

August 20, 2020 Robert Muir-Wood, RMS

When evaluating unexpected catastrophe risks, our experiences can be sparse. Widening our knowledge by going back in time, by exploring the ‘near-misses’ and by expanding our geographic horizons is critical. Fortunately, big catastrophes are rare. This is good in that

News Adjusters

How B.C. adjusters are preparing for major earthquake

July 29, 2020 by Greg Meckbach

When the next huge earthquake hits British Columbia, some independent adjusting firms may temporarily re-locate offices inland, perhaps even as far east as Alberta. Kernaghan Adjusters is aiming to be “up and running fairly quickly if we get into an

News Claims

Adjuster reacts to B.C. earthquake

July 24, 2020 by Greg Meckbach

The earthquake earlier this week off the coast of Vancouver Island does not seem to have caused any insured property losses, but the industry is nonetheless encouraging all British Columbians to be prepared in any case for a large disaster.