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Hurricane Fiona

Hurricane Fiona Cloud Map
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Privately-owned PEI utility seeks rate hike after Fiona losses

November 28, 2023 Michael Tutton, The Canadian Press (Halifax)

CHARLOTTETOWN – The privately owned electricity utility in Prince Edward Island wants ratepayers to cover $37 million in costs incurred during post-tropical storm Fiona in 2022. Maritime Electric, a subsidiary of Fortis, has applied to the Island’s regulatory commission for

3D render of a topographic map of the US East Coast and the Gulf of St. Lawrence with the clouds from September 24, 2022's Category 4 Major Hurricane Fiona over Nova Scotia, Canada.
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Hurricane season has started. What can the industry expect?

June 1, 2023 by Alyssa DiSabatino

The 2023 hurricane season is shaping up to be near normal as the current ocean temperatures (which fuel hurricane activity) and the El Niño patterns (which hinder it), are converging to neutralize one another, industry outlooks suggest.  For the P&C

Financial results graph in blue
News AnnouncementsBrokersCatastrophesClaimsClimate ChangeCommercial LinesInsurance

Intact reveals fourth quarter catastrophe loss estimate

January 12, 2023 by Alyssa DiSabatino

Intact’s Canadian segment experienced an estimated $77 million, pre-tax, in catastrophe losses during the last quarter of 2022, the company said in a report. That figure is below the previous year’s fourth quarter losses.  The Canadian cat losses were mostly

Close up shot of a barometer pressure gauge ranging from "stormy" to "very dry"
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What’s the better parametric insurance trigger for Canadian hurricanes?

December 12, 2022 by Alyssa DiSabatino

Hurricane risk differs in Canada, which is why parametric insurance triggers that work in the U.S. may not be as effective in Canada, said a panellist in a Canadian Underwriter webinar.   Barometric pressure may be a better parametric trigger

Buildings sit in the water in Rose Blanche-Harbour Le Cou
News BrokersCatastrophesClaimsClimate ChangeCommercial LinesInsurance

How insurance coverage will change as Canadian hurricane risk expands

December 9, 2022 by Alyssa DiSabatino

Parametric insurance is a relatively new product in Canada, and thus is not a big buy for commercial clients, but as climate change is expected to cause more hurricane events in Canada, expect this solution to get more popular north

Sandbag beach reinforcements, which had previously been covered with sand, lie exposed following the passage of Hurricane Nicole, Thursday, Nov. 10, 2022, in Vero Beach, Fla. (AP Photo/Rebecca Blackwell)
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Nicole to be typical fall storm, but officials warn of outages where Fiona hit hard

November 11, 2022 The Canadian Press

HALIFAX – Environment Canada says the Category 1 hurricane that hit Florida early this morning will feel like a typical fall storm when the weather system makes its way to the East Coast this weekend. But officials are warning to

Heavy rain in Halifax ahead of Hurricane Fiona's landfall
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Hurricane risk: What the future holds for Canada

September 23, 2022 by Jason Contant

Canada will be increasingly at risk for more frequent and severe hurricanes going forward due to climate change, Swiss Re told Canadian Underwriter in an interview Friday. “Sea surface temperatures [are] rising, which means storms will be able to travel

Breaking wave from hurricane-force winds
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What’s Hurricane Fiona’s projected path into Canada?

September 19, 2022 by Jason Contant

Hurricane Fiona could strike Atlantic Canada with tropical storm-force winds or stronger by Saturday, according to projections from the hurricane forecasters in Canada and the U.S. An advisory issued 5 a.m. AST on Monday by the U.S. National Hurricane Center