Canadian Underwriter

Keyword
flood


Bathroom renvoations
News Insurance

Are Canadian homeowners and renters overlooking flood risk?

May 9, 2022 by Jason Contant

Unintentional damage during renovations — especially water damage — continues to be an overlooked risk for Canadian homeowners and renters, according to a recent study from Chubb. The Chubb 2021 Homeowners Risk Report: Trends in Home Renovations and Water Damage

Flooding in Peguis First Nation in Manitoba
News Insurance

Manitoba government announces disaster aid relief as flood worries continue

May 9, 2022 The Canadian Press

WINNIPEG – The Manitoba government is offering financial aid for flood victims as wet weather threatens to raise rivers again. Infrastructure Minister Doyle Piwniuk says the province will activate a disaster financial assistance program that he expects will give out

A woman stands in the backyard of her flooded home in Calgary in 2013
News Insurance

Construction to begin on flood mitigation project west of Calgary

May 5, 2022 The Canadian Press

CALGARY – Nine years after a catastrophic flood caused billions of dollars in damage to parts of Calgary and surrounding communities, work is to begin on a dam to protect the area from rising water in the future. Premier Jason

News Insurance

Alert Ready system expands to floods, fires in B.C., not heat domes

May 4, 2022 The Canadian Press

VICTORIA – An automated alert system will be ready to warn British Columbians of spring flooding and summer wildfires but not yet for extreme heat, Public Safety Minister Mike Farnworth said Tuesday. Farnworth told a news conference the Alert Ready

The Red River in Winnipeg, Manitoba
News Insurance

Manitoba could see some overland flooding as another wet weather system moves in

April 21, 2022 The Canadian Press

WINNIPEG – Manitoba’s infrastructure minister says there have been unique challenges with flood forecasting and the spring melt as the province prepares to be hit by another wet weather system. Doyle Piwnuik says it’s not clear yet exactly where the

Giant waves break near the lighthouse at Peggy's Cove, Nova Scotia.
News CatastrophesClaimsClimate ChangeInsuranceMarkets / Coverages

What Canadians can expect of future hurricane seasons

April 7, 2022 by David Gambrill

Atlantic Canadians can expect to see more and increasingly intense hurricanes, as sea surface temperatures continue to warm up as a result of climate change. “Warmer sea surface temperatures fuel stronger hurricanes,” Swiss Re Canada CEO Monica Ningen observed during

Two spheres, one red and one blue, of equal weight each on one side of a scale
News CatastrophesInsuranceRisk

Risk of flood loss is now on par with primary perils: Swiss Re

March 31, 2022 by Alyssa DiSabatino

Secondary peril events such as flooding are becoming just as big of a threat — or worse — to global property and casualty insurers than primary perils, Swiss Re Institute’s recent sigma study finds. “The loss potential from single flood

Red River, MB flood in 2011
News Insurance

Flood fears ease in Manitoba amid good weather and slow melt, officials say

March 28, 2022 The Canadian Press

WINNIPEG – Fears of spring flooding are easing in Manitoba, thanks to recent weather. A winter of heavy snowfall had initially raised worries across much of the province. But two weeks of slow melting – above-zero temperatures during the day

Bowling. Lucky strike.
News ClaimsCommercial LinesInsuranceLegal

Fort Mac bowling alley covered for water damage despite flood exclusion

March 1, 2022 by David Gambrill

A Fort McMurray, Alta., bowling alley is entitled to coverage for water damage sustained in the April 2020 flooding, despite its insurance policy containing a clear flood exclusion. The Alberta Court of Queen’s Bench found Intact included a coverage extension

News Insurance

Climate change expected to push up payouts

December 13, 2021 Philip Porado

It’s likely Canada’s not fully prepared for flood risks faces today, let alone for what climate change could bring, Judith Ellison, catastrophe modelling manager at JBA Risk Management told a Dec. 2 CatIQ Connect Quarterly session. She noted many properties

Floods in Princeton, B.C. on Dec. 3, 2021
News Insurance

B.C. moves to recovery management phase after floods; most military leaving province

December 7, 2021 Dirk Meissner - THE CANADIAN PRESS

VICTORIA – British Columbia is shifting into repair and recovery mode following devastating floods and landslides caused by record rains that crippled transportation links, deluged agricultural operations and forced the evacuations of thousands of people, says the province’s public safety

Motorist driving on closes Trans-Canada highway in Abbotsford, BC
News AdjustersClaimsClaims CanadaInsuranceRestoration

Claims adjusters react to B.C. flooding

December 6, 2021 by Greg Meckbach

It’s too early to tell how much the recent “atmospheric river” in British Columbia will cost the industry, but independent adjusters are observing widespread damage. Environment Canada lifted weather alerts for British Columbia on Thursday as storm conditions eased, floodwaters