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The province said to lead Canada in physical flood defences

June 21, 2018 by Greg Meckbach

Half a century after the completion of the Red River Floodway, Manitoba still provides the best examples of overland flood defence work in Canada, the founder of a property loss think tank suggests. The Manitoba government estimates that the Red

News CatastrophesInsurance

Canada’s best province for flood risk management

June 20, 2018 by Greg Meckbach

Five years after Albertans lost billions as a result of record floods, Ontario leads the nation when it comes to keeping properties out of high-risk areas, a catastrophe loss expert contends. “Ontario has been most aggressive at trying to make

News Insurance

An overlooked consequence of basement flooding

June 13, 2018 by Greg Meckbach

If your home insurance client is an entrepreneur, consider what happens to that client’s business if his or her home basement gets flooded. A case in point is Laila and Zafar Ismaili, a married couple who own Enviro Digital Printing

News InsuranceLegislation / Regulation

New Brunswick says flood hit homes may not get approval for rebuild

June 5, 2018 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – New Brunswick flood victims may not be able to rebuild their homes – or only rebuild after significant mitigation efforts like raising them. The destructive, record-setting spring floods along the Saint John River and other waterways have prompted

News InsuranceMarkets / CoveragesReinsurance

Government-backed home flood insurance coming to Canada?

June 3, 2018 by Greg Meckbach

Federal government officials are pondering a flood insurance system similar to Britain’s two-year old Flood Re, an Insurance Bureau of Canada official suggested Thursday. Federal public safety minister Ralph Goodale “asked IBC to lead a working that will deliver recommendations

News ClaimsInsurance

About 10,000 homes were in N.B. flood areas, but damage still unclear

May 19, 2018 The Canadian Press

FREDERICTON – New Brunswick’s environment minister has given a new sense of scale to the province’s record-setting floods, saying as many as 10,000 homes and businesses were within flood zones. Andrew Harvey said Thursday that precise figures have yet to

News CatastrophesClaimsInsurance

New Brunswick floods: ‘This could get very uncomfortable,’ officials warn

May 2, 2018 Kevin Bissett - THE CANADIAN PRESS

SAINT JOHN, N.B. – People were being urged to evacuate their homes Wednesday as rising floodwaters threatened to surpass record-setting water levels in areas along the Saint John River, with one fire chief warning residents: “This could get very uncomfortable.”

News Catastrophes

Flooding grows along Saint John River in New Brunswick

May 1, 2018 THE CANADIAN PRESS

FREDERICTON – Floodwaters were expanding their reach Tuesday and washing through several communities along the Saint John River, stranding residents, soaking basements and making islands out of homes. “I see nothing but water,” Earl LeBlanc, a 76-year-old widower, said from

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Major flood of B.C.’s Fraser River could cause billions in economic losses: ICLR speaker

April 18, 2018 by Jason Contant

A major flood of British Columbia’s Fraser River or a coastal flood between now and 2100 could trigger economic losses of between $20 billion and $30 billion, a recent flood strategy report found. Released in 2016, Phase 1 of the

News ClaimsInsurance

B.C. homes on flood evacuation alert as dam weakens, water levels rise

April 17, 2018 The Canadian Press

OLIVER, B.C. – Flooding across the British Columbia Interior has washed out roads and put homes on evacuation alert. The Ministry of Transportation says Highway 33 from the Mission Creek Bridge to Kelowna is closed in both directions due to

News CatastrophesLegislation / Regulation

Alberta tables legislation to clarify responsibilities in natural disasters

April 5, 2018 The Canadian Press

EDMONTON – The Alberta government has introduced legislation to better define roles and responsibilities for decision-makers when natural disaster strikes. The proposed changes, tabled by Municipal Affairs Minister Shaye Anderson, will also provide minimum emergency management training for elected officials

News CatastrophesInsuranceMarkets / Coverages

Desjardins offers free flood coverage to eligible clients in low-risk areas

March 23, 2018 by Jason Contant

One Canadian insurer is not waiting for consumer take-up of its flood insurance coverage — it is automatically tacking the endorsement onto the policies of eligible clients who live in low-risk areas. Desjardins General Insurance Group (DGIG) told Canadian Underwriter