Canadian Underwriter

Keyword
flood


News InsuranceRisk

How your client can save money by detecting plumbing problems

March 13, 2019 by Greg Meckbach

Canadian property clients could soon get an insurance discount by installing products from water flow sensing vendor Triple Plus Ltd. Triple Plus recently announced a pilot project in which American clients of Berkshire Hathaway GUARD can get lower property insurance

News InsuranceLegal

How this paperwork accident gave condo dweller stamp collection coverage

March 7, 2019 by Greg Meckbach

For insurance professionals who put together renewal packages, some mistakes are worse than others. A case in point is sending a “quality package” that refers to a different kind of policy, rather than the policy you are renewing for the

News Insurance

Why some homeowners aren’t buying flood insurance

March 1, 2019 by Greg Meckbach

Overland flood insurance might be easier to sell if homeowners could figure out how vulnerable their properties are. “What would be most useful for homeowners is they would be able to search their postal code or property address and be

News CatastrophesInsuranceMarkets / CoveragesRisk

Private flood insurance cited in new emergency management plan

January 28, 2019 by Jason Contant

Federal, provincial and territorial (FPT) governments could “engage the private sector to develop an affordable private flood insurance model for the entire population, including clear incentives for mitigation of flood risks,” says a newly released emergency management strategy. Ministers have

News ClaimsClimate ChangeInsurance

Flood risk guidance for commercial brokers coming soon

January 25, 2019 by Greg Meckbach

A 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

News CatastrophesInsurance

Flooding in New Brunswick results from winter storm

January 21, 2019 Kevin Bissett - THE CANADIAN PRESS

A 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

News CatastrophesClimate ChangeInsurance

Number of homes uninsurable for flood risk growing: study

January 17, 2019 The Canadian Press

A 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

News CatastrophesRestoration

Flood watches in British Columbia result from heavy rain

January 4, 2019 THE CANADIAN PRESS

VANCOUVER – 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

News Catastrophes

Flood watches in effect for British Columbia

November 27, 2018 THE CANADIAN PRESS

VANCOUVER – 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

News CatastrophesClimate ChangeLegislation / Regulation

A new idea to cover basement flooding losses

October 26, 2018 by Greg Meckbach

The 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

News CatastrophesTechnology

Must-have for insurers to underwrite overland flood

September 26, 2018 by Greg Meckbach

Artificial 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

News Climate ChangeInsuranceRestoration

The home insurance exclusion your clients probably don’t know about

September 10, 2018 by Greg Meckbach

Knowing 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