Canadian Underwriter

Keyword
flooding


News Risk

Woman drowns after small, intense storm floods basement

July 31, 2018 Colleen Slevin and Kathleen Foody - THE ASSOCIATED PRESS

ENGLEWOOD, Colo. – Rachael Haber only intended to stay a few minutes when she stopped by the basement apartment of a travelling friend to check on her pet cat. While she was there Tuesday, a small but intense storm hit

News ClaimsClimate ChangeInsurance

Will the Maritimes be insurable if climate change left unchecked?

July 29, 2018 by Jason Contant

The financial costs of flooding in the Maritimes could increase dramatically by the end of the century under a “business-as-usual climate scenario,” even without accounting for changes people have made to the environment that could increase exposure, according to a

News LegalMarkets / Coverages

Regulator says company had legal obligation to fix and maintain rail line

June 15, 2018 The Canadian Press

WINNIPEG – Federal regulators have ruled that the owners of a broken rail line to Churchill were wrong not to repair the line that kept the northern Manitoba community connected to the outside world. The Canadian Transportation Agency says the

News BrokersClaimsInsuranceMarkets / Coverages

How one brokerage helped out a competitor during ‘biblical’ flooding

May 23, 2018 by Jason Contant

Recent flooding in Grand Forks, B.C. has not only brought a community together, it has brought two local competing brokerages together as well. Sam Cowan, vice president of sales and marketing with RHC Insurance Brokers Ltd., said that the brokerage’s

News ClaimsInsurance

Province offers compensation for flood-damaged cottages

May 16, 2018 The Canadian Press

FREDERICTON – The New Brunswick government will compensate cottage owners whose properties were damaged by record-breaking flooding, while also requiring residents to develop plans to mitigate against future floods. Environment and Local Government Minister Andrew Harvey announced the special, one-time

News CatastrophesClaimsInsurance

Report to government suggests hot opportunity for brokers right now

May 14, 2018 by Jason Contant

Brokers in British Columbia looking to place overland flood cover should review a recent study that found polled respondents did not have access to overland flood insurance, did not know about it, or found it unaffordable. Even more alarming, most

News Claims

What could cause more flood woes in B.C.

May 14, 2018 The Canadian Press

VANCOUVER – Torrential rains that pushed southern British Columbia waterways to flood stage have eased, but officials warn a new threat of unseasonably warm weather could rapidly melt snowpacks, adding to already swollen rivers. David Campbell, head of the B.C.

News ClaimsInsurance

What claims Crawford expects to see from New Brunswick flooding

May 10, 2018 by Jason Contant

Claims adjuster Crawford & Company (Canada) Inc. is anticipating “numerous water damage claims to homes, business and automobiles” as a result of the flooding in New Brunswick. Shelley Landry, director of operations of Crawford Canada’s Atlantic region, told Canadian Underwriter

News CatastrophesClaimsInsurance

Officials warning B.C. flooding this year may be worse due to 2017 wildfires

May 3, 2018 The Canadian Press

WILLIAMS LAKE, B.C. – Emergency officials in British Columbia’s southern Interior warn that devastating wildfires that charred thousands of square kilometres of timber and bush last year now have the potential to make seasonal flooding even more severe. The warning

News CatastrophesInsurance

Could Calgary see 2013 flooding again?

April 9, 2018 Colette Derworiz - THE CANADIAN PRESS

EDMONTON – Provincial officials are keeping a close eye on creeks and streams across Alberta as temperatures start to rise. During last week’s monthly snow survey by Alberta Environment and Parks, all of the river basins across the province still

News CatastrophesClaimsInsuranceMarkets / Coverages

Aon Benfield suggests Brantford flooding will cost “tens of millions”

March 9, 2018 by Jason Contant

Aon Benfield’s catastrophe model development team, Impact Forecasting, is estimating total economic and insured losses in the tens of millions (U.S. dollars) for the recent flooding in southern Ontario. Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter in late

News ClaimsClimate ChangeInsurance

Growing frequency, height of storm surges worries mayor

March 8, 2018 The Canadian Press

LIVERPOOL, N.S. – Another weekend of storm surges in Nova Scotia has a south shore mayor calling for provincial help to cope with the rising impact of climate change on waterfronts. The mayor of the Region of Queens Municipality said