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flooding


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B.C. lacks climate change policies, especially on wildfires and flooding: audit

February 15, 2018 The Canadian Press (CPSTF)

VANCOUVER – British Columbia’s auditor general says the provincial government is working to adapt to the risks posed by climate change but it has no clear plan for wildfires and flooding. Carol Bellringer says there is little monitoring of progress

News Climate ChangeInsuranceMarkets / Coverages

Taking a granular look at how drainage routes affect stormwater flooding

January 22, 2018 by Jason Contant

Engineered construction like a drainage route can directly affect whether or not a specific building or home is in harm’s way for stormwater flooding, the Institute for Catastrophe Loss Reduction’s (ICLR) director of research told Canadian Underwriter on Monday. Dan

News CatastrophesClaimsInsuranceMarkets / Coverages

More Windsor residents eligible for Ontario government flood relief

November 20, 2017 Greg Meckbach, Associate Editor

Nearly three months after torrential downpours gave rise to more than $100 million in insured losses in and near Windsor, the Ontario government announced Monday it has expanded the number of property owners eligible for disaster relief. “Expanding the original

News CatastrophesClaimsInsuranceMarkets / Coverages

Texas says it needs $61 billion from federal government for Harvey recovery

November 1, 2017 The Associated Press (APR)

AUSTIN, Texas – Texas needs $61-plus billion in federal funding just to rebuild public infrastructure damaged by Hurricane Harvey, as well as to cover projects to prevent future flooding. John Sharp, Texas’ Harvey recovery “czar,” announced Tuesday that the figure

News ConstructionInsuranceMarkets / Coverages

Federal government orders railway company to complete repairs and resume service to Churchill, Man.

October 16, 2017 by Canadian Underwriter

The federal government has ordered rail company OmniTRAX Inc. to complete railway repairs and resume rail service within 30 days to Churchill, Man., several months after the only ground transportation to town was flooded. Natural Resources Canada said in a

News CatastrophesClaimsClimate ChangeMergers and Aqcuisitions

Standard would help enhance flood resilience of new communities: report

September 26, 2017 by Angela Stelmakowich

Research out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built

News CatastrophesInsuranceMergers and Aqcuisitions

Insured damages exceeds $124 million from Windsor August floods: CatIQ, IBC

September 25, 2017 by Canadian Underwriter

Floods in late August in Windsor, Ont. resulted in more than $124 million in losses to the industry, Insurance Bureau of Canada suggested Monday. “From August 28 – 29, a slow-moving area of low pressure produced significant rainfall over areas

News Insurance

Catastrophe bonds sponsored by Florida property insurers ‘could trigger’ due to Irma claims: A.M. Best

September 13, 2017 by Canadian Underwriter

Hurricane Irma could trigger catastrophe bonds sponsored by American insurers with significant exposure in Florida, A.M. Best Company Inc. suggested in a briefing released Tuesday. The United States National Weather Service reported Wednesday that Irma is now a post-tropical cyclone

News CatastrophesInsuranceLegislation / RegulationMarkets / CoveragesMergers and Aqcuisitions

Ontario government proposes to ‘strengthen’ conservation authorities’ flood protection role

September 12, 2017 by Canadian Underwriter

Ontario politicians debated Monday a bill that, if passed into law, would increase the role of conservation authorities in protecting property from flooding. Provincial conservation authorities’ roles include flood and erosion control, ice management, flood forecasting and warning and drought

News CatastrophesInsuranceMarkets / CoveragesMergers and Aqcuisitions

Coalition urges ‘substantive reforms’ to U.S. National Flood Insurance Program

September 11, 2017 by Canadian Underwriter

As Tropical Storm Irma moves north through Florida, a group whose members include insurers is urging American politicians to reform the National Flood Insurance Program, which expires Sept. 30. SmarterSafer announced Sept. 7 it “continues to support a reauthorization of

News CatastrophesInsuranceMergers and Aqcuisitions

Hurricane Harvey likely to be one of the costliest natural disasters on record for U.S. economy: Aon Benfield

September 8, 2017 by Canadian Underwriter

Hurricane Harvey is likely to be one of the costliest natural disasters on record for the economy of the United States, with damage from the hurricane to minimally cost tens of billions of dollars, Aon Benfield has reported. Impact Forecasting,

News ClaimsInsuranceMergers and AqcuisitionsReinsurance

Total property damage from Hurricane Harvey’s flooding estimated at between US$65-75 billion: AIR Worldwide

September 7, 2017 by Canadian Underwriter

Property losses from flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will be between US$65 billion and US$75 billion, catastrophe modelling firm AIR Worldwide estimated in a press release issued late Wednesday. The estimate includes damage to all properties