Keyword
flood
How the feds’ budget benefits the P&C industry
April 20, 2021 by Greg MeckbachInsurers are hoping it will be easier for homeowners to borrow money to raise their structures in areas at risk of flood or to replace roofs in wildfire-prone regions as a result of the federal budget announced Monday. In her…
Client dogged by $1,277 uninsured water damage remediation bill
April 14, 2021 by Greg MeckbachA British Columbia client who runs a dog kennel business out of her home is liable for some water damage remediation costs that her insurer did not cover because they relate to business and not personal use of the property.…
Review hears closing arguments into proposed reservoir to protect Calgary from floods
April 7, 2021 Colette Derworiz - THE CANADIAN PRESSEDMONTON – A lawyer for Alberta Transportation says there’s a serious and urgent need for a proposed reservoir that could protect Calgary from future flooding. Ron Kruhlak made the comment during his closing argument Tuesday before the Natural Resources Conservation…
Ontario budget highlights property flood risk
March 25, 2021 by Greg MeckbachInsurers are applauding the Ontario government for its commitment to improve flood mapping and to provide more money for municipal water infrastructure, measures that the industry hopes will reduce the risk of water damage to insured properties. In a press…
Strata unit owner loses $5,000 claim after mice chew through dishwasher line
March 24, 2021 by David GambrillIn the case of a flood caused by a mice infestation, a B.C. strata unit owner was not allowed to recover her $500 insurance deductible or $273 premium increase from the strata corporation despite having warned the strata corporation about…
Advice from the U.S.: Canada needs exit strategy from national flood
March 4, 2021 by Greg MeckbachCanada needs to proceed with caution if it wants to establish a taxpayer-supported program to write flood insurance for high-risk homes, an American speaker warned the Canadian P&C industry during CatIQ Connect. “Be very careful with a federal flood insurance…
3 Canadian cities more prepared for flood now than they were five years ago
February 19, 2021 by Jason ContantThere’s good and bad news when it comes to the flood preparedness of 16 major Canadian cities. The bad news is that the average level of flood preparedness has remained stagnant from 2015 to 2019-20, showing a considerable margin for…
Final outcome of The Co-operators’ surface water commercial property coverage dispute
February 12, 2021 by Greg MeckbachA Supreme Court of Canada decision released Thursday means The Co-operators cannot appeal a $429,000 court decision against it over “surface water” coverage on a commercial property policy. In Co-operators General Insurance Company v. Le Treport Wedding & Convention Centre…
Where Canada sits with high-risk flood insurance pool
February 3, 2021 by Greg MeckbachIndustry experts are trying to calculate how much it would cost to set up an insurance pool for homes at high risk of overland flood, an Insurance Bureau of Canada official suggests. Canada’s Task Force on Flood Insurance and Relocation…
‘Expensive, extreme:’ Environment Canada releases annual Top 10 weather stories list
December 16, 2020 Bob Weber - THE CANADIAN PRESSIt was another year of record-breaking disasters and crazy, dangerous weather from coast to coast, says Environment Canada’s senior climatologist. A vicious hailstorm in Calgary wrote off more cars than Albertans normally buy in an entire year. Heat in Ontario…
Industry urged to get high-quality data into the hands of decision-makers
December 4, 2020 by Adam MalikGetting consistent, high-quality scientific data into the hands of decision makers can protect people from the fallout of bad choices leading up to a catastrophe, such as what’s happened in Fort McMurray, Alta., a catastrophic data expert says. But it…
‘Surface water’ commercial coverage dispute could reach Supreme Court of Canada
November 11, 2020 by Greg MeckbachA $429,000 commercial property coverage dispute involving overflow from a body of water could reach Canada’s top court. The Supreme Court of Canada announced Nov. 6 that the Co-operators wants to appeal Le Treport Wedding & Convention Centre Ltd. v.…