Keyword
flood
Hurricane recent events, history illustrate need to beef up preparedness: AGCS
October 27, 2017 by Angela StelmakowichThe preparedness of U.S. businesses is still wanting despite lessons learned from Hurricane Sandy and the high hurricane activity, devastation and losses so far this Atlantic hurricane season, suggests Allianz Global Corporate & Specialty (AGCS). “In light of lessons learned…
Federal, Manitoba governments agree to pay $90 million to First Nations following 2011 flood
October 20, 2017 by Canadian UnderwriterThe governments of Manitoba and Canada have agreed to pay more than $90 million to certain First Nations who were affected by flooding in 2011. McKenzie Lake Lawyers LLP said in a statement released earlier this week that while not…
Property Claim Services and NFIP to report aggregate flood loss estimates
October 5, 2017 by Canadian UnderwriterProperty Claim Services (PCS) reported on Thursday that it will publish aggregate flood loss information supplied by the National Flood Insurance Program (NFIP), beginning with Hurricane Harvey. Historically, NFIP losses have been excluded from PCS’ industry insured loss estimates, the…
Time to fine-tune residential flood cover, consider high-risk areas: Enders
September 29, 2017 by Angela StelmakowichFlood-related cover for residential policyholders is far advanced from what it was when the devastating floods hit southern Alberta in 2013, but it is now time to refine those offerings and address outstanding issues, says Gord Enders, president of Direct-Line…
Predications of hardening reinsurance market after Irma ‘premature,’ insured losses lower than initially feared: A.M. Best
September 15, 2017 by Canadian UnderwriterHurricane Irma will “try the ability” of Florida regional property insurers to mitigate catastrophe risk through reinsurance, but there will be a “material” reduction in forecasts of insured losses from the storm, which will be “more of an earnings event”…
Quebec announces new measures for flooding victims
September 12, 2017 The Canadian Press (CPSTF)MONTREAL – Quebec’s public security minister says new measures to assist flood victims who feel they’ve been abandoned by the province will help them cut through the bureaucracy. Martin Coiteux was in Montreal on Tuesday to announce personalized meeting days…
Getting younger people into broker channel as a career remains challenging: incoming IBAO president
September 6, 2017 Jason Contant, Online EditorGetting younger people to choose the broker channel as a career remains a challenge, the incoming president of the Insurance Brokers Association of Ontario (IBAO) told Canadian Underwriter in a recent interview. “In the high schools is where it really…
Free online offering hopes to bolster catastrophe modelling understanding
September 5, 2017 by Canadian UnderwriterWhat has been described as the first free and neutral open online catastrophe modelling course was launched today to help those working in climate change and disaster loss mitigation, academia and insurance better understand the use of models in nat-Cat…
Good Natured
August 26, 2017 Blair Feltmate, Head; and Natalia Moudrak, Director of the Infrastructure Adaptation Program, Intact Centre on Climate Adaptation, University of WaterlooWetlands are increasingly seen as an unexpected gift — one with the potential to keep on giving — in Canada’s continuing efforts to reduce costs from urban and rural flooding. The only proviso is that stakeholders, including municipal governments, need to support protective approaches that allow these valuable areas to remain as is.
Alberta government addressing flood resilience in Calgary
August 14, 2017 by Canadian UnderwriterThe province of Alberta reported on Friday that it has begun implementing advice from a report that identifies ways to improve flood resilience in Calgary and better water management throughout the Bow River basin. The Advice to Government on Water…
Insured losses from Tropical Cyclone Debbie reach nearly AU$1 billion: Insurance Council of Australia
June 30, 2017 by Canadian UnderwriterInsured losses from Tropical Cyclone Debbie have reached nearly AU$1 billion as of June 28, the Insurance Council of Australia (ICA) said on Thursday. As of June 28, insurers had received more than 58,000 claims stretching from North Queensland to…
Southern Alberta town ravaged by 2013 flood sees development as promising sign
June 8, 2017 The Canadian PressHIGH RIVER, Alta. – A new housing and retail development in High River, Alta., is being hailed as proof of renewed confidence in the town’s ability to handle another flood event. Massive floods that raged through southern Alberta in the…