Keyword
flood
Red River crests in Winnipeg, flood watch issued west of the Manitoba capital
April 6, 2017 The Canadian PressWINNIPEG – Manitoba flood officials say the Red River has crested in the provincial capital but water levels remain high in other parts of the province. The latest flood bulletin says the Red River reached its peak Tuesday but water…
Difficult year for Canada’s p&c insurance industry: IBC’s McGown
April 4, 2017 by Angela StelmakowichThe Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives…
Landslide alert issued in same B.C. community where four were killed in 2012
March 28, 2017 The Canadian PressJOHNSONS LANDING, B.C. – A tiny British Columbia community where four people were killed in a landslide almost five years ago has been warned of another possible slide. An evacuation alert has been issued for residents of Johnsons Landing on…
Desjardins Insurance offers new flood coverage for low-, medium-risk areas
March 14, 2017 by Canadian UnderwriterCustomers of Desjardins Insurance, The Personal and State Farm Canada who live in low-risk flood areas will now automatically be covered by a new flood endorsement while those in medium-risk areas can choose to purchase an additional premium. Endorsement 16d…
Commonwell Mutual Insurance Group offers new flood policy endorsement for Ontario homeowners
February 13, 2017 by Canadian UnderwriterCommonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,…
Flooding and damaging winds most destructive U.S. natural hazards in 2016: CoreLogic
January 26, 2017 by Canadian UnderwriterNatural hazard activity in the United States in 2016 was “relatively average or below average,” with the exception of flood and wind, both of which saw above-average activity, due in large part to Hurricane Matthew, CoreLogic, Inc. said on Thursday.…
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ
January 6, 2017 by Canadian UnderwriterSevere weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Flooding in southern Alberta and the…
2016 costliest 12 months for natural catastrophes in the last four years: Munich Re
January 4, 2017 by Canadian UnderwriterThe US$175 billion in natural catastrophes losses in 2016 – the lion’s share of which were uninsured – dwarfed those in the previous year and were just shy of 2012’s US$180 billion total, Munich Re reports. The research released Wednesday…
Nova Scotia gives $500,000 in immediate flood aid to storm-ravaged Cape Breton
October 14, 2016 The Canadian PressHALIFAX – Nova Scotia Premier Stephen McNeil says the province is providing $500,000 in immediate emergency aid for people in Cape Breton affected by damage caused by last weekend’s massive rainfall. McNeil says the money has been given to the…
Meranti southeast China’s most powerful typhoon in decades
September 16, 2016 by Canadian UnderwriterAlthough Typhoon Meranti weakened significantly as it approached China, it still came ashore with a central pressure of 940 mbar, the equivalent of a Category 4 hurricane – the strongest typhoon in the region since 1949, according to catastrophe modelling…
Change in exposure driving widening gap between insured, economic losses following disaster events
September 14, 2016 by Angela StelmakowichCALGARY – A dramatic loss scenario around disaster events is developing globally, contributing to a widening gap between insured and economic losses, Alex Kaplan, senior vice president of global partnerships for Swiss Re, suggested earlier this week during the RIMS…
Resilience should be a goal of all organizations
September 12, 2016 by Angela StelmakowichCALGARY — Darius Delon, chair of the RIMS Canada Council, had a very simple message for those attending the annual conference in Calgary Monday: every organization can be hit by disaster, so every organization needs to be resilient. Scenario brainstorming,…