Canadian Underwriter

sea level rise

News Insurance

B.C. lacks plans for rising seas, flooding: coastal adaptation researcher

December 21, 2020 Brenna Owen - THE CANADIAN PRESS

VANCOUVER – Parts of British Columbia could see massive losses if the province doesn’t start planning for flooding as ocean waters rise and storms surge due to climate change, says a researcher at the University of B.C. in Vancouver. B.C.

News Climate ChangeInsuranceMarkets / Coverages

Sea level maps show Canada’s coastal communities in race against time

November 10, 2017 Mia Rabson - THE CANADIAN PRESS

OTTAWA – From the slow-paced, tree-lined streets of downtown Charlottetown to the modern, western architecture of metro Vancouver, Canada’s urban waterfronts are a beacon for condo developers, tourists and everyone in between. But even in best-case scenarios for global warming,

News CatastrophesInsuranceReinsurance

Greater risk of negative underwriting results for reinsurers predicted by S&P

August 15, 2017 by Canadian Underwriter

With property catastrophe prices dropping during the 2017 renewals, combined with natural catastrophe losses exceeding US$50 billion last year, global reinsurers are at greater risk of having negative underwriting results and will tend to “shy away” from property catastrophe business,

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

U.S. senate committee holding field hearing on economic impacts of extreme weather and coastal flooding

April 10, 2017 by Canadian Underwriter

The U.S. Senate Committee on Commerce, Science & Transportation is holding a field hearing in West Palm Beach, Fl. to discuss the economic impacts of extreme weather and coastal flooding. Lead by Senator Bill Nelson (D-FL), the hearing, titled “Extreme

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

NOAA and partners develop new regional sea level scenarios to help U.S. communities prepare for risks

January 19, 2017 by Canadian Underwriter

The National Oceanic and Atmospheric Administration (NOAA) and its partners have developed new regional sea level scenarios for the United States to give coastal communities better and more localized data to help them plan for and adapt to the risks

News CatastrophesClimate ChangeInsurance

2016 set to be hottest year on record: World Meteorological Organization

November 14, 2016 by Canadian Underwriter

2016 is “very likely” to be the hottest year on record, with global temperatures even higher than the record-breaking temperatures in 2015, according to an assessment by the World Meteorological Organization (WMO), the United Nation’s agency on weather, climate and

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

ICLR to host workshop on sea level rise on Sept. 9

August 30, 2016 by Canadian Underwriter

The Institute for Catastrophic Loss Reduction (ICLR) will be hosting a workshop on sea level rise on Sept. 9. Titled Rising Sea Level is Not a Flooding Event, the workshop will be held between 10 a.m. and 11:30 a.m. EST

News CatastrophesClimate ChangeInsurance

‘Nuisance flooding’ exceeds trends, breaks records in the United States: NOAA

June 8, 2016 by Canadian Underwriter

‘Nuisance flooding’ exceeded trends and broke records, especially in the southern United States and Gulf Coast, possibly due to a strong El Niño compounding already rising sea levels, the National Oceanic and Atmospheric Administration (NOAA) said on Wednesday. The frequency

News CatastrophesInsuranceMergers and Aqcuisitions

$39 billion worth of private property at risk, in San Francisco, from 1-metre extreme tide and 1.68-metre rise in sea level: RMS

May 18, 2016 by Canadian Underwriter

In a possible but unlikely scenario of sea level rise, 1,160 private properties in San Francisco with a total exposure value of $20 billion, could be at risk in 84 years if no resilience measures are put in place, according