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Hail

Hailstones the size of golf balls on the ground after a severe storm
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Hub acquires two western Canadian hail insurance providers

March 13, 2023 by Jason Contant

Hub International Limited has acquired two western Canadian crop hail insurance companies within a two-week period. Hub announced on Mar. 4 it had acquired Leduc, Alta.-based AG Direct Hail Insurance Ltd. It acquired Regina-based Canadian Hail Agencies Inc. on Feb

Heavy rain clouds on the Prairies
News Insurance

Recent Alberta storms: Two Cat tornadoes and record-breaking hail

August 8, 2022 by Jason Contant

Two tornadoes in southern Alberta that damaged homes and vehicles in July have been declared catastrophes by Catastrophe Indices and Quantification Inc. (CatIQ), Insurance Bureau of Canada (IBC) confirmed to Canadian Underwriter Monday. The July 7 tornado near Bergen and

Large hailstones on grass
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Hail as big as tennis balls, softballs and eggs fell in Alberta: Environment Canada

August 3, 2022 The Canadian Press

Environment and Climate Change Canada says hail ranging from the size of a pea to a softball fell in central Alberta on Monday. Sara Hoffman, who is a meteorologist with the agency, says although the storm that passed through the

News Insurance

How the hail peril is changing

September 8, 2021 by Jason Contant

Once confined mostly to “hail alley” regions such as south and central Alberta, Texas and Colorado, hailstorms are now doing damage across North America in plenty of regions considered low-risk, says a new white paper from RIMS, the risk management

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This weather event resulted in 7,200 claims

September 7, 2021 by Jason Contant

An intense storm that swept through parts of Regina and elsewhere in Saskatchewan last week has resulted in more than 7,200 claims to date, the province’s government auto insurer said Tuesday. The Aug. 31-Sept. 1 storm brought golf ball-sized hail

News Insurance

Look back, but not too far: Why some perils need a new approach 

June 14, 2021 by Jason Contant

The insurance industry needs to look at the “more recent past” and take a shorter-term view of catastrophic perils to see their effects going forward, Swiss Re told Canadian Underwriter recently.   “When we’re looking at recent events, including the 2020

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How COVID-19 has affected repair of vehicles from hail

February 12, 2021 by Greg Meckbach

The COVID-19 pandemic has created some barriers to repairing vehicle and property damage – including a shortage of auto body parts, and a labour shortage impacted by Canada Emergency Response Benefit (CERB) recipients who are reluctant to return to work,

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How much these four Alberta cats cost insurers in 2020

September 10, 2020 by Greg Meckbach

Four Alberta catastrophes this year have cost insurers a grand total of about $2 billion, the Insurance Bureau of Canada confirmed this week. A hailstorm June 13, affecting mainly northeast Calgary, topped the list as it caused about $1.2 billion

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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 Insurance

How many claims the Calgary hail storm caused

July 16, 2020 by Greg Meckbach

The industry is dealing with more than 70,000 claims arising from last month’s hail storm in Alberta, but it’s not clear yet how much of the bill will get picked up by reinsurers, the Insurance Bureau of Canada reports. The

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How ‘actual cash value’ could be affecting some Alberta hail victims

June 26, 2020 by Greg Meckbach

If some Alberta homeowners are only getting a small fraction of the cost to repair properties damaged in the recent hail storm, that could be the result of choosing a policy that only covers actual cash value, Insurance Bureau of

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Auto total loss claims escalate after Calgary hail storm: IBC

June 24, 2020 by Greg Meckbach

The industry is expecting well over 20,000 claims from the recent Alberta hail storm, and some vehicles were wrecked badly enough that they have to be written off, the Insurance Bureau of Canada reports. “We are hearing from several consumers