Canadian Underwriter

Keyword
flood maps

Collapsed sections of bridges following flooding in B.C.
News Climate ChangeInsuranceRisk

One step closer to a National Flood Insurance Program

March 29, 2022 by Alyssa DiSabatino

The industry is one step closer to getting updated flood maps, and a new national flood insurance program to protect homeowners in high-risk flood zones is in the works, says Canada’s public safety minister.  Flood maps are being developed in

A river overflows it's banks during heavy rains. A yellow house is pictured to the left of the river and trees line the center of the image.
News BrokersInsuranceMarkets / Coverages

How brokers are affected by carriers competing on flood maps

March 16, 2022 by Alyssa DiSabatino

Add a single flood map to the wish lists of several brokers, who are having a tough time dealing with individual insurance companies competing on flood maps. A Canada-wide flood map has yet to be implemented across the industry, and

News Insurance

Provinces not moving fast enough to assess, mitigate flood risk: report

August 6, 2020 Mia Rabson, The Canadian Press

OTTAWA — A new report says provincial governments are not moving fast enough to protect homes and other buildings from the ravages of flooding. The report from the Intact Centre on Climate Adaptation at the University of Waterloo says on

News CatastrophesInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Ontario government proposes to ‘strengthen’ conservation authorities’ flood protection role

September 12, 2017 by Canadian Underwriter

Ontario politicians debated Monday a bill that, if passed into law, would increase the role of conservation authorities in protecting property from flooding. Provincial conservation authorities’ roles include flood and erosion control, ice management, flood forecasting and warning and drought

News CatastrophesInsuranceMergers and Aqcuisitions

Flood insurance ‘must be affordable:’ IBAC

December 16, 2016 by Canadian Underwriter

Residential flood insurance should be available and affordable and the government should provide a backstop without being an “insurer of first resort,” the Insurance Brokers Association of Canada said in a document released this week. Personal flood insurance “must be

News CatastrophesConstructionInsuranceMergers and Aqcuisitions

Nearly 60,000 single-family homes in New Orleans to move out of special flood hazard areas by end of September: CoreLogic

August 30, 2016 by Canadian Underwriter

Nearly 60,000 single-family homes in New Orleans with a reconstruction cost value (RCV) of more than US$12 billion will move out of Special Flood Hazard Areas (SFHAs), according to updated maps published by the Federal Emergency Management Agency (FEMA). Officially