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flood

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‘Surface water’ commercial coverage dispute could reach Supreme Court of Canada

November 11, 2020 by Greg Meckbach

A $429,000 commercial property coverage dispute involving overflow from a body of water could reach Canada’s top court. The Supreme Court of Canada announced Nov. 6 that the Co-operators wants to appeal Le Treport Wedding & Convention Centre Ltd. v.

News AdjustersCatastrophesClaimsClaims CanadaClimate ChangeInsuranceLegislation / RegulationRisk

‘Much clearer picture’ of how Ottawa will address flood risk coming soon

September 29, 2020 by Greg Meckbach

A special pool, in which high-risk properties would have caps or subsidies on premiums for flood insurance, remains a possibility in Canada, and the industry should have a much better idea this fall of what the government plans to do,

News Insurance

Aon exec urges the industry to ‘try to do better’ at offering basic coverages

September 22, 2020 by Adam Malik

The property and casualty insurance industry needs to to a better job of ensuring that basic coverages — such as protection from water and fire — are available to clients and that there isn’t a protection gap, said Matt Wolfe,

News ClaimsClaims CanadaLegalLegislation / RegulationRestoration

Flood repair: Why this condo owner had to pay strata fees for an uninhabitable unit

August 28, 2020 by Greg Meckbach

A British Columbia resident who had to move out for nearly six months for flood restoration work still has to pay his monthly fees to the strata corporation, the B.C. Civil Resolution Tribunal has ruled. Ye Yuan said that from

News Insurance

How your advice can help flood-proof future real estate development

August 26, 2020 by Adam Malik

There’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage

News Insurance

How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come

News Claims CanadaInsurance

What the court said when “surface water” appeared in the policy exclusion, but not in the flood endorsement

July 31, 2020 by Greg Meckbach

The Co-operators has to pay a Mississauga banquet hall facility nearly $1 million – about double the amount it originally paid on a sewer backup policy – for losses arising from an historic 2013 rain storm, the Court of Appeal

News Insurance

Flood warnings issued as B.C.’s major rivers surge, rainfall continues

July 3, 2020 Amy Smart - THE CANADIAN PRESS

VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper

News CatastrophesClaims

Dam threatened by water levels in rural Manitoba, some residents evacuate

July 2, 2020 THE CANADIAN PRESS

RIVERS, Man.  – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan

News CatastrophesClaims

Roads flooded, some homes evacuated as rain pummels southeast Manitoba

June 9, 2020 THE CANADIAN PRESS

STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and

News CatastrophesClaims

How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took

News CatastrophesClaimsClaims Canada

Flood warnings expand for part of B.C., but conditions ease elsewhere

June 1, 2020 THE CANADIAN PRESS

Flood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the