Canadian Underwriter

Keyword
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

Storm surge as high as 30 ft in Biloxi, Mississippi destroyed most of the structures right on the coast.
News CatastrophesInsuranceMarkets / Coverages

The exclusion that no longer applies to this home insurance coverage

August 28, 2018 by Greg Meckbach

Fifteen years after Nova Scotia was hit by Hurricane Juan, a Canadian home insurer is offering storm surge coverage in all four Atlantic Canada provinces. Storm surge is a rise in sea level resulting from atmospheric pressure changes and wind

News ClaimsInsurance

Beleaguered industry faces prospect of more flood damage in Ontario

August 21, 2018 by David Gambrill

Most of Ontario is under a severe weather warning Tuesday, once again threatening flood damage in a province where insurers have already paid approximately $800 million for natural catastrophe damages. This cumulative total for the year in Ontario does not

News Climate ChangeInsuranceRisk

One Ontario industry vulnerable to weather extremes

July 30, 2018 by Greg Meckbach

If your client is in the food production or distribution field, you might want to consider the impact of extreme weather. “Restaurants do not prioritize purchasing backup generators, or flood or business interruption insurance,” a report presented last week to

News ClaimsConstructionInsurance

Hundreds of New Brunswick flood victims still out of homes months after deluge

July 4, 2018 The Canadian Press

FREDERICTON – Hundreds of people remain out of their homes in New Brunswick months after historic floodwaters swept through the province, destroying buildings and inundating highways. Bill Lawlor, director of the Canadian Red Cross in New Brunswick, said Tuesday that

News CatastrophesClaimsClimate Change

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