Keyword
flood
‘Much clearer picture’ of how Ottawa will address flood risk coming soon
September 29, 2020 by Greg MeckbachA special pool, in which high-risk properties would have caps or subsidies on premiums for flood insurance, remains a possibility in Canada, and the industry should have a much better idea this fall of what the government plans to do,…
Aon exec urges the industry to ‘try to do better’ at offering basic coverages
September 22, 2020 by Adam MalikThe property and casualty insurance industry needs to to a better job of ensuring that basic coverages — such as protection from water and fire — are available to clients and that there isn’t a protection gap, said Matt Wolfe,…
Flood repair: Why this condo owner had to pay strata fees for an uninhabitable unit
August 28, 2020 by Greg MeckbachA British Columbia resident who had to move out for nearly six months for flood restoration work still has to pay his monthly fees to the strata corporation, the B.C. Civil Resolution Tribunal has ruled. Ye Yuan said that from…
How your advice can help flood-proof future real estate development
August 26, 2020 by Adam MalikThere’s not enough collaboration between stakeholders in Canada’s real estate sector and risk professionals with information about natural hazards, and real estate investments could drown as a result, an expert warned. If real estate is constantly being exposed to damage…
How high cat losses could go this year
August 4, 2020 by Adam MalikAlberta has become the epicentre for cat losses this year as combined insured damage could reach, if not exceed, $2 billion in the province alone after multiple natural catastrophes have hit various regions over a four-month span. The calculations come…
What the court said when “surface water” appeared in the policy exclusion, but not in the flood endorsement
July 31, 2020 by Greg MeckbachThe Co-operators has to pay a Mississauga banquet hall facility nearly $1 million – about double the amount it originally paid on a sewer backup policy – for losses arising from an historic 2013 rain storm, the Court of Appeal…
Flood warnings issued as B.C.’s major rivers surge, rainfall continues
July 3, 2020 Amy Smart - THE CANADIAN PRESSVANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper…
Dam threatened by water levels in rural Manitoba, some residents evacuate
July 2, 2020 THE CANADIAN PRESSRIVERS, Man. – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan…
Roads flooded, some homes evacuated as rain pummels southeast Manitoba
June 9, 2020 THE CANADIAN PRESSSTUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and…
How much insurers paid out for Fort Mac’s spring flood
June 2, 2020 by Adam MalikInsurers paid out more $228 million in insured damage for spring flooding in Fort McMurray, Alta., that occurred a little over a month ago. Catastrophe Indices and Quantification Inc. (CatIQ) released the numbers this week, noting that commercial properties took…
Flood warnings expand for part of B.C., but conditions ease elsewhere
June 1, 2020 THE CANADIAN PRESSFlood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the…
Fort McMurray homeowners clean up as insurance questions linger after flooding
May 11, 2020 THE CANADIAN PRESSFORT MCMURRAY, Alta. – Cora Dion’s voice echoes as she films a video showing what’s left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage.…