If 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.…
Reducing 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.…
Provincial and local governments should consider mandating compulsory training in the Canadian Hurricane Centre (CHC)’s severe hurricane interpretation course, the Institute for Catastrophic Loss Reduction (ICLR) recommended in a new research paper. The paper, titled Communicating hurricane risk in Eastern Canada:…
A “clear and direct communication line” should be established between the Canadian insurance industry and the Canadian Hurricane Centre (CHC), the Institute for Catastrophic Loss Reduction (ICLR) recommended in a research paper released on Thursday. The recommendation was one of…
The Insurance Institute of Canada (IIC) will host a webinar examining the sharing economy as both an opportunity and a threat to the Canadian p&c industry. The webinar is scheduled for June 14 at 1 p.m. EDT. It offers “future-forward…
The Property and Casualty Insurance Compensation Corporation (PACICC) will participate in the federal government’s review of financial sector regulations next year, including the examination of an act that has not “really been reviewed” in more than a century. The Winding-up…
The sharing economy is not fully served by the insurance industry right now, but the opportunity is there, Paul Kovacs, founder and executive director of the Institute for Catastrophic Loss Reduction, said on Thursday at the CIP Society Symposium 2017.…
If the insurance industry doesn’t start meeting unmet customer needs and responding to trends like the sharing economy, new entrants will likely continue to disrupt the industry, attendees to the CIP Society Symposium 2017 heard on Thursday. “The big risk…
The Insurance Brokers Association of Ontario (IBAO) and the Insurance Institute of Ontario announced on Tuesday that they will be hosting a live webcast on the insurance implications of automated vehicles on Feb. 16. The webcast, which will run from…
The Institute for Catastrophic Loss Reduction (ICLR) has published a book addressing the risk to Canadians from extreme heat events. Cities to adapt to extreme heat: Celebrating local leadership profiles “20 of the many successful local projects underway or already…
Developers and property owners in Ontario’s Dufferin County are eligible for rebates if they install hurricane straps in their buildings, a county official says. Hurricane straps, which are metal bands that wrap around trusses and connect to walls, “can largely…
The Conference Board of Canada is echoing a recent recommendation by a former federal superintendent of financial institutions for Ottawa to consider adopting a last-resort, emergency back-stop mechanism for a catastrophic earthquake given the long-reaching, adverse effects that the event…