Keyword
flood
Flood risk guidance for commercial brokers coming soon
January 25, 2019 by Greg MeckbachA standard on flood resiliency for commercial real estate could be coming out this year. The Intact Centre for Climate Adaptation is working on a document intended to help commercial insurance brokers and real estate companies reduce flood risk for…
Flooding in New Brunswick results from winter storm
January 21, 2019 Kevin Bissett - THE CANADIAN PRESSA powerful winter storm that brought heavy rain and snow to much of Eastern and Central Canada closed schools, flooded streets, knocked out power and forced school buses to stay off the roads in many areas Monday as temperatures began…
Number of homes uninsurable for flood risk growing: study
January 17, 2019 The Canadian PressA coast-to-coast study finds Canadians aren’t keeping up with the need to protect their homes against catastrophic events made more common by climate change. The study from the University of Waterloo points out that insurance claims from weather-driven problems like…
Flood watches in British Columbia result from heavy rain
January 4, 2019 THE CANADIAN PRESSVANCOUVER – Rainfall, wind, snow and winter storm warnings have been lifted for all of southern B.C. after a powerful system swept across the province leaving flooded or snow-clogged roads in its wake. On Vancouver Island, torrential downpours forced flood…
Flood watches in effect for British Columbia
November 27, 2018 THE CANADIAN PRESSVANCOUVER – Drenching rain that has deluged British Columbia’s south coast since Sunday night should begin to relent over the next 24 hours, although Environment Canada says another 40 millimetres of precipitation is expected across parts of the region by…
A new idea to cover basement flooding losses
October 26, 2018 by Greg MeckbachThe money needed to pay homeowners the cost of basement flooding could be raised by suing large oil firms, a politician suggested Thursday. “A lot of people are not going to be able to qualify for private insurance against flooding…
Must-have for insurers to underwrite overland flood
September 26, 2018 by Greg MeckbachArtificial intelligence and data analytics is one reason some Canadian insurers are underwriting residential flood coverage, speakers said Tuesday during an industry conference. “Here is an opportunity that we took to really look at the massive data sets we worked…
The home insurance exclusion your clients probably don’t know about
September 10, 2018 by Greg MeckbachKnowing what their property insurance actually covers is a “big missing link” in teaching homeowners how to manage flood risk. “Most people have no idea that you can’t get seepage coverage in most cases,” Cheryl Evans, director of the home…
The exclusion that no longer applies to this home insurance coverage
August 28, 2018 by Greg MeckbachFifteen years after Nova Scotia was hit by Hurricane Juan, a Canadian home insurer is offering storm surge coverage in all four Atlantic Canada provinces. Storm surge is a rise in sea level resulting from atmospheric pressure changes and wind…
Beleaguered industry faces prospect of more flood damage in Ontario
August 21, 2018 by David GambrillMost of Ontario is under a severe weather warning Tuesday, once again threatening flood damage in a province where insurers have already paid approximately $800 million for natural catastrophe damages. This cumulative total for the year in Ontario does not…
One Ontario industry vulnerable to weather extremes
July 30, 2018 by Greg MeckbachIf your client is in the food production or distribution field, you might want to consider the impact of extreme weather. “Restaurants do not prioritize purchasing backup generators, or flood or business interruption insurance,” a report presented last week to…
Hundreds of New Brunswick flood victims still out of homes months after deluge
July 4, 2018 The Canadian PressFREDERICTON – Hundreds of people remain out of their homes in New Brunswick months after historic floodwaters swept through the province, destroying buildings and inundating highways. Bill Lawlor, director of the Canadian Red Cross in New Brunswick, said Tuesday that…