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flood


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More data-based use cases likely offers greater shot at success for insurers exploring connected insurance: expert

May 24, 2017 by Canadian Underwriter

The greatest value to insurance industry players and their customers will likely not be realized without expanding the number of data-based use cases, Matteo Carbone, founder and director of the Connected Insurance Observatory, recently suggested. “Connected insurance is about gathering

News CatastrophesInsuranceMergers and Aqcuisitions

Residents airlifted out as rising Churchill River threatens Labrador town

May 17, 2017 The Canadian Press

HAPPY VALLEY-GOOSE BAY, N.L. – Police in Labrador say residents of a small community surrounded by water are being evacuated as an ice jam causes a river to swell and flood the area. RCMP Cpl. Rick Mills says the air

News CatastrophesInsuranceMergers and AqcuisitionsTechnology

Threats of cyberattacks, natural disasters and supply chain failure most pressing global business performance risks: FM Global

May 11, 2017 by Canadian Underwriter

Cyberattacks, natural disasters and supply chain failure are three of the most pressing risks to global business performance in the 21st century, according to the 2017 FM Global Resilience Index. The online, interactive annual index ranks 130 countries and territories

News CatastrophesInsurance

No public-private flood coverage model a ‘lift and shift directly to Canada:’ Aviva Canada reinsurance VP

April 28, 2017 Greg Meckbach, Associate Editor

Britain’s Flood Re program provides an “analogy for Canada” in insuring high-risk flood zones, while more research is needed to fully understand the economic impact of climate change, speakers suggested at Insurance Bureau of Canada’s recent Financial Affairs Symposium. Balz

News InsuranceTechnology

Damage to reputation/brand gets social, cyber jumps higher on risk list: Aon survey

April 24, 2017 by Angela Stelmakowich

PHILADELPHIA – Social media is amplifying the impact of the top-ranked risk for businesses – damage to reputation and brand – while cyber risk has fully entrenched itself in the Top 10, becoming the number one risk for respondents in

News CatastrophesInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Swiss Re losses from Cyclone Debbie currently estimated at US$350 million

April 13, 2017 by Canadian Underwriter

Swiss Re currently estimates its claims burden from tropical cyclone Debbie in Australia at about US$350 million, net of retrocession and before tax, while the total insured market losses associated with the event is estimated at around US$1.3 billion. The

News CatastrophesClimate ChangeConstructionInsuranceMarkets / CoveragesMergers and Aqcuisitions

Government of Alberta boosts Calgary’s flood resilience with $13.4 million investment

April 12, 2017 by Canadian Underwriter

The Government of Alberta announced on Wednesday that it is investing about $13.4 million to help the City of Calgary boost its flood readiness. Six provincial grants are part of $63 million earmarked in Budget 2017 to help Alberta communities

News CatastrophesInsuranceMarkets / Coverages

Red River crests in Winnipeg, flood watch issued west of the Manitoba capital

April 6, 2017 The Canadian Press

WINNIPEG – Manitoba flood officials say the Red River has crested in the provincial capital but water levels remain high in other parts of the province. The latest flood bulletin says the Red River reached its peak Tuesday but water

News CatastrophesClimate ChangeEarnings / RatingsInsuranceMergers and AqcuisitionsReinsuranceTechnology

Difficult year for Canada’s p&c insurance industry: IBC’s McGown

April 4, 2017 by Angela Stelmakowich

The Fort McMurray wildfire and other large weather events combined with the lowest return on investment (ROI) in decades to produce a very difficult year for Canada’s p&c insurance industry in 2016, David McGown, senior vice president of strategic initiatives

News CatastrophesInsurance

Landslide alert issued in same B.C. community where four were killed in 2012

March 28, 2017 The Canadian Press

JOHNSONS LANDING, B.C. – A tiny British Columbia community where four people were killed in a landslide almost five years ago has been warned of another possible slide. An evacuation alert has been issued for residents of Johnsons Landing on

News CatastrophesClimate ChangeInsuranceMergers and Aqcuisitions

Desjardins Insurance offers new flood coverage for low-, medium-risk areas

March 14, 2017 by Canadian Underwriter

Customers of Desjardins Insurance, The Personal and State Farm Canada who live in low-risk flood areas will now automatically be covered by a new flood endorsement while those in medium-risk areas can choose to purchase an additional premium. Endorsement 16d

News Climate ChangeInsuranceMergers and AqcuisitionsTechnology

Commonwell Mutual Insurance Group offers new flood policy endorsement for Ontario homeowners

February 13, 2017 by Canadian Underwriter

Commonwell Mutual Insurance Group has a new policy endorsement that uses geo-coding to provide Ontario homeowners in low- and medium-risk zones with protection against property damage from flooding, surface water and sewer back-up caused by flood events. Starting Feb. 13,