Canadian Underwriter

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flood map

Five small wooden toy block houses are surrounded by murky brown water, up to their windows.
News CatastrophesInsuranceLegislation / RegulationMarkets / CoveragesReinsurance

Which model will Canada’s national flood insurance program follow?

June 9, 2022 by Alyssa DiSabatino

After undergoing actuarial review, two possible flood insurance models are the “most promising” for private-public engagement within the upcoming national flood insurance program, a federal government official suggests.   One model is based on a pool for high-risk homeowners, among…
News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

More than half of all properties in New Orleans removed from special flood hazard areas

April 12, 2016 by Canadian Underwriter

Due to significant improvements in drainage and flood protection, more than 53% of all properties in New Orleans were removed from special flood hazard areas and, as a result, will benefit from more affordable flood insurance, the mayor of the…