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Total property damage from Hurricane Harvey’s flooding estimated at between US$65-75 billion: AIR Worldwide

September 7, 2017 by Canadian Underwriter

Property losses from flooding in Texas caused by Hurricane Harvey’s record-breaking rainfall will be between US$65 billion and US$75 billion, catastrophe modelling firm AIR Worldwide estimated in a press release issued late Wednesday. The estimate includes damage to all properties

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Spring flooding in Ontario and Quebec caused more than $223 million in insured damage: CatIQ

September 1, 2017 by Canadian Underwriter

Two significant spring storm and flooding events in eastern Ontario and western Quebec resulted in more than $223 million in insured damage, according to information from Toronto-based Catastrophe Indices and Quantification Inc. (CatIQ) released on Friday. Between April 5 and

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Provincial, local governments should consider mandatory hurricane interpretation training: ICLR report

August 25, 2017 Jason Contant, Online Editor

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:

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Canadian farmers turn to specialized forecasting in face of rising extreme weather threat

August 15, 2017 Ian Bickis - THE CANADIAN PRESS

CALGARY – In an industry that lives and dies by the weather, farmers like Dwight Foster are looking for all the help they can get to know what’s coming. “We use every tool in the toolbox we can get our

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Quebec homeowners face potential post-flooding woes: mosquitoes, critters, parasites

June 12, 2017 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – Even as swollen rivers have receded in Quebec, some experts suggest historic flooding this year could mean critter and pest-related woes in months and years to come. For now, heavy water accumulation has created standing pools of water

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Climate change raises new risk: Are inland bridges too low?

June 6, 2017 Scott McFetridge - THE ASSOCIATED PRESS

DES MOINES, Iowa – A century-old train trestle stands as one of the trophies of Des Moines’ push to spruce up its downtown. Bicyclists and pedestrians pose for pictures beside the brightly painted beams of the Red Bridge and gather

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Quebec announces increase in financial assistance for flood victims

May 18, 2017 Sidhartha Banerjee - THE CANADIAN PRESS

MONTREAL – The amount of financial assistance available for people dealing specifically with the aftermath of heavy flooding this year has been topped up, the Quebec government announced Wednesday. Premier Philippe Couillard told a news conference the province’s preliminary estimates

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Quebec premier wants to announce flood compensation changes before end of week

May 16, 2017 The Canadian Press

MONTREAL – New rules governing compensation for flood victims could come by the end of the week, Quebec Premier Philippe Couillard said Monday. The government’s current financial aid program isn’t inadequate, but could be improved, the premier told reporters in

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Documents show many cities are wary of mapping flood risks, making data public

May 9, 2017 Jordan Press - THE CANADIAN PRESS

OTTAWA – When municipal officials were told last year about new tools to help them map the risk of flooding in their communities, they immediately raised red flags, suggesting they wanted no part of it over concerns about legal liability

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Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns

May 2, 2017 Greg Meckbach, Associate Editor

Insurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”

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FM Global launches worldwide flood map for commercial properties

April 4, 2017 by Canadian Underwriter

Commercial property insurer FM Global announced on Tuesday that it has launched its Global Flood Map, offering a “one-stop consistent global view of flood exposure to aid businesses.” The interactive Global Flood Map “presents business executives with a powerful new

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Southern U.S. drought relents but not over, despite recent rains

December 8, 2016 Jeff Martin - THE ASSOCIATED PRESS

ATLANTA – Recent showers and storms across much of the South have eased the severe drought in the region, but experts say it wasn’t enough to make up for months of dry conditions before the rain finally fell. More rain