Knowing what their property insurance actually covers is a “big missing link” in teaching homeowners how to manage flood risk. “Most people have no idea that you can’t get seepage coverage in most cases,” Cheryl Evans, director of the home…
Minimum standards should be established for overland flood coverage offered by Canadian property and casualty insurers, an industry executive told Canadian Underwriter. Offering his personal perspective, Alain Thibault, chairman, president and CEO of the Canadian Association of Direct Relationship Insurers…
With the increased risk appetite for new or expanded products among mutual insurers, overland flood coverage is the number one product development priority, John Taylor, president and CEO of the Ontario Mutual Insurance Association (OMIA), said Thursday during its Annual…