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Canada’s worst-case wildfire scenario could see a $20-billion loss: RMS

May 13, 2021 by Jason Contant

Canada could potentially see $20-billion loss events from wildfire alone, according to recent simulations by Risk Management Solutions, Inc. (RMS). The odds of that happening would be “extremely rare, on the order of a 1-in-10,000-year return period,” Michael Young, vice

News Insurance

Industry urged to get high-quality data into the hands of decision-makers

December 4, 2020 by Adam Malik

Getting 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

News Insurance

How high cat losses could go this year

August 4, 2020 by Adam Malik

Alberta 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

News CatastrophesClaims

How much insurers paid out for Fort Mac’s spring flood

June 2, 2020 by Adam Malik

Insurers 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

News CatastrophesClaimsClaims CanadaInsurance

Fort McMurray homeowners clean up as insurance questions linger after flooding

May 11, 2020 THE CANADIAN PRESS

FORT 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.

News AdjustersCatastrophesClaimsClaims CanadaInsurance

How this reinsurer views property risk in Fort McMurray

May 4, 2020 by Greg Meckbach

Some properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is

insPRESS CatastrophesClaims

Emergency response from the MBC Group to Fort McMurray flooding

May 4, 2020 MBC Group

GATINEAU, QC, MAY 4, 2020/insPRESS/ – We are closely monitoring the situation in Fort McMurray and our Engineers, Environmental Consultant and Appraisers are readily available to provide emergency assistance on existing and future flood related claims. Our team leads: Ross

News CatastrophesClaimsClaims Canada

Ice jam that caused flooding, evacuation in Fort McMurray melting

April 30, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – An ice jam on the Athabasca River is nearly half the size it was earlier this week when it caused major flooding in Fort McMurray and forced 13,000 people from their homes. The Regional Municipality of

News AdjustersCatastrophesClaimsClaims Canada

Chief medical health officer eases COVID rules in Alberta flood areas: premier

April 29, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Premier Jason Kenney says the province’s chief medical officer of health is relaxing some COVID-19 restrictions for people who are dealing with flooding in northern Alberta. Kenney says in a tweet sent out late Tuesday that

insPRESS ClaimsClaims Canada

Crawford & Company response plan following Fort McMurray flooding

April 29, 2020 Crawford & Company

TORONTO, ON, APRIL 30, 2020/insPRESS/ – Crawford & Company (NYSE: CRD-A and CRD-B), the world’s largest publicly listed independent provider of claims management and outsourcing solutions to carriers, brokers and corporates announced today that their resources are on the ground

News CatastrophesInsurance

The burning question: where is Canada’s national wildfire plan?

October 1, 2019 by Adam Malik

Enough talk about wildfire risk has taken place, says Zurich Canada’s risk boss. Now there needs to be real action around building a national strategy on wildfires. It’s been three years since the wildfires in Fort McMurray, Alta., for which

Feature

Taming the Flaming Cats

January 1, 2019 Brooke Smith

The biggest lessons from catastrophes such as Fort McMurray, and how to apply them in the future