Keyword
ICLR
$400M Ontario windstorm ‘not quite’ the new normal
June 15, 2018 by Jason ContantIf water is the new fire, then what is weather? For Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction (ICLR), weather is definitely what will be taking the lion’s share of payouts in the next quarter century.…
More hurricanes, or just better detection?
June 7, 2018 by Jason ContantIs the number of Canadian hurricanes getting larger, or are we just better at detecting them? Bob Robichaud, warning preparedness meteorologist with the Canadian Hurricane Centre (CHC), raised the question during a webinar on the Institute for Catastrophic Loss Reduction…
Communities using development permits to reduce risk of wildfire: ICLR
May 31, 2018 by Jason ContantReducing the risk of wildfire, several communities in western Canada are using development permits as a way to address construction of new residential development in the wildland-urban interface, the Institute for Catastrophe Loss Reduction (ICLR) noted in a recent report.…
Major flood of B.C.’s Fraser River could cause billions in economic losses: ICLR speaker
April 18, 2018 by Jason ContantA major flood of British Columbia’s Fraser River or a coastal flood between now and 2100 could trigger economic losses of between $20 billion and $30 billion, a recent flood strategy report found. Released in 2016, Phase 1 of the…
Cataclysmic hailstorm could cause up to $13.5 billion in damage: ICLR report
February 14, 2018 by David GambrillIn a low-probability, worst case scenario, a single major hailstorm in Canada could result in insurance claims of up to $13.5 billion, according to a new research paper from the Institute for Catastrophic Loss Reduction (ICLR). “Of concern is that…
Taking a granular look at how drainage routes affect stormwater flooding
January 22, 2018 by Jason ContantEngineered 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…
What Canada’s largest city is doing to help reduce flood insurance claims
January 10, 2018 by Greg MeckbachAs climate experts forecast more frequent extreme rain events, Toronto is working towards protecting properties by modernizing its storm drainage system. With its Basement Flooding Protection Program, Toronto’s city government brought in a new standard of accommodating a one-in-100-year storm…
Frustrated brokers ready to drop carriers over flood confusion
November 24, 2017 Greg Meckbach, Associate EditorSwirling in the eddies of confusion about overland coverage, frustrated Canadian brokers are threatening to drop carriers and are worried about errors and omission (E&O) claims related to overland flood insurance. Canada-wide, there is a “host of wordings out there”…
How small code changes can reduce big water claims
November 15, 2017 Jason Contant, Online EditorWith severe weather expected to get worse in the years ahead, introducing small changes into building codes is critical, the Institute for Catastrophic Loss Reduction’s (ICLR) managing director told Canadian Underwriter on Wednesday. “We are not talking about totally revamping…
ICLR to hold webinar on homes impacted by Hurricane Irma
November 7, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction (ICLR) will soon be hosting its final Friday Forum of the year, focusing on Hurricane Irma and impacted homes in Florida. The webinar – Hurricane Irma Damage Assessment: Investigating the performance of Florida’s homes…
ICLR researching wind damage on partially-built wood framed structures
October 16, 2017 by Canadian UnderwriterThe Institute for Catastrophic Loss Reduction is “seeking to better understand” why partially-built wood frame structures fail with high winds, ICLR said in a document it provided Monday to Canadian Underwriter. “Every year, several partially built single family homes, duplexes…
‘Quality of construction’ often a factor in wind damage to homes: AEIC speaker
October 11, 2017 Greg Meckbach, Associate EditorThe Institute for Catastrophic Loss Reduction has “heard really good things” about the prospect of hurricane straps being mandated in all new home construction in Ontario, ICLR’s managing director suggested at a recent conference. Hurricane straps, which are metal bands…