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flood

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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

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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

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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

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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

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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

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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

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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

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Fort McMurray homeowners clean up as insurance questions linger after flooding

May 11, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Cora Dion’s voice echoes as she films a video showing what’s left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage.

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How this reinsurer views property risk in Fort McMurray

May 4, 2020 by Greg Meckbach

Some properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is

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Report recommends measures to avoid repeat of flooding in Quebec community

May 4, 2020 Stephanie Marin- THE CANADIAN PRESS

MONTREAL – A report into the rupture of a dike in Ste-Marthe-sur-le-Lac, Que., during spring flooding last year suggests several problems including a lack of awareness among the population about the associated risks of living in the area. The report

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Ecclesiastical Insurance offers advice on mitigating flood damage during the COVID-19 pandemic

May 1, 2020 Ecclesiastical Insurance

TORONTO, ON, MAY 1, 2020/insPRESS/ – Spring overland flooding has already caused extensive damage in Northern Alberta, in what is likely only the first significant flood event in Canada this season. Under normal circumstances, damage caused by floodwater can be

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Ice jam that caused flooding, evacuation in Fort McMurray melting

April 30, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – An ice jam on the Athabasca River is nearly half the size it was earlier this week when it caused major flooding in Fort McMurray and forced 13,000 people from their homes. The Regional Municipality of