Canadian Underwriter


News AssociationsCatastrophesInsuranceMergers and Aqcuisitions

Floods in U.K. expected to produce repair bill of £1.3 billion, good progress on repairs to date

May 26, 2016 by Canadian Underwriter

The average cost of a domestic claim for the floods caused by Storms Desmond, Eva and Frank – which hit the United Kingdom in December and early January – is higher than usual, with the Association of British Insurers (ABI)

News CatastrophesInsuranceMergers and Aqcuisitions

Houston, Texas airport has second wettest day on record: RMS

April 21, 2016 by Canadian Underwriter

Weather events this week in Texas may be producing “one of the most severe flood events” in history, in Houston, not caused by a tropical cyclone Risk Management Solutions Inc. stated Thursday. The Associated Press reported that the Houston area

News AssociationsInsuranceMergers and Aqcuisitions

Work on refining IBC’s flood proposal continues, all properties must be covered under strategy: Forgeron

April 21, 2016 Angela Stelmakowich, Editor

No country offering flood protection has got things “100% right,” but Insurance Bureau of Canada (IBC) will continue to refine its proposal for a national flood strategy that ensures all areas, even high-risk areas, are covered and that works for

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

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Canada in better position than most to close protection gap, collaboration key: Scotti

April 6, 2016 by Angela Stelmakowich

“Canada is in a better position than many other countries to actually close its protection gap,” Veronica Scotti, president and CEO of Swiss Re Canada, said Wednesday during Swiss Re’s Canadian Insurance Outlook in downtown Toronto. “Sometimes it takes an

Feature AssociationsInsurance

Healthy Brokerages

April 1, 2016 Greg Meckbach, Associate Editor

Volunteering with industry associations is “about the health of the industry,” says Robyn Young, president of the Insurance Brokers Association of Alberta.

Feature CatastrophesClimate ChangeInsurance

Prepare for Anything

April 1, 2016 Greg Meckbach, Associate Editor and Jason Contant, Online Editor

Canadians are well-aware of events that can produce insured losses, including storms and cold weather. But the possible influence of other less-familiar perils, like earthquakes and cyber cats, should also be on the radar.

News AssociationsInsuranceMergers and Aqcuisitions

Overland flood coverage currently top product development priority: OMIA CEO

March 31, 2016 Angela Stelmakowich, Editor

With the increased risk appetite for new or expanded products among mutual insurers, overland flood coverage is the number one product development priority, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday during its Annual

News CatastrophesClimate ChangeLegalMergers and AqcuisitionsTechnology

IBC, Tesera Systems announce transfer agreement for bureau’s Municipal Risk Assessment Tool

March 30, 2016 by Canadian Underwriter

Insurance Bureau of Canada (IBC) has announced the intellectual property rights for its municipal risk assessment tool (MRAT) – a made-in-Canada solution to help communities be more resilient and adaptable to climate change – is being transferred to Tesera Systems

Janet Stein and Phil Corbeil, RIMS Conference Canada in Calgary Alberta

Feet on the Ground

March 1, 2016 Angela Stelmakowich

Janet Stein and Phil Corbeil, are co-chairs for the RIMS Canada Conference in Calgary, Alberta