Canadian Underwriter

Keyword
storm

News CatastrophesClaimsInsurance

March winter storm costs insurers over $124 million

April 12, 2019 by Jason Contant

A mid-March winter storm that struck central and eastern Canada caused over $124 million in insured damage, Catastrophe Indices and Quantification Inc. (CatIQ) said Thursday. The storm hit Ontario on Mar. 14 and continued through Quebec, New Brunswick and Nova

News CatastrophesClaimsInsurance

How the cat season so far compares to 2018

March 26, 2019 by Jason Contant

It seems that the Canadian catastrophe season is off to a strong start, with five events so far this quarter compared to the normal one. “I will say that we have had an anomalous start to the year,” said Laura

News ClaimsInsurance

Winter storm shuts down schools, disrupts travel in Maritime provinces

March 4, 2019 The Canadian Press

HALIFAX – Schools and government offices across the Maritimes were closed Monday as a snowstorm swept across the region, the second nasty blast of winter in as many days. A blustery mix of snow, ice pellets and freezing rain enveloped

News AdjustersClaimsInsurance

Ontario’s latest wind storm: is it as costly as last year’s wind cat?

February 25, 2019 by Jason Contant

The strong wind storm that continues across parts of Ontario Monday is being compared to the costliest insured loss event of 2018. Beginning on Sunday, Feb. 24, a powerful, sustained wind storm caused blizzard conditions and damaging winds across Ontario.

News ClaimsInsurance

Hundreds of collisions in aftermath of Toronto snow storm

January 30, 2019 by Jason Contant

A winter storm that dumped nearly a foot of snow on Toronto and surrounding areas over a 24-hour period has also caused hundreds of collisions. From a claims perspective, there has not been a “significant increase” in claim activity, one

News CatastrophesClaimsInsurance

Ontario already near $1 billion in insured damage in 2018

September 8, 2018 by Jason Contant

With almost three months left in the year, severe weather in Ontario alone has already caused almost $1 billion in insured damage, Insurance Bureau of Canada (IBC) reported Friday. One of the most recent events occurred Aug. 7, when a

News CatastrophesClaimsInsurance

Summer storms in this Canadian region cost over $200 million in insured damage

September 6, 2018 by Jason Contant

Summer storms across the Prairies have caused more than $200 million in insured damage so far this year. This brings total weather-related insured damage on the Prairies to $464 million since May 2017. The numbers from Catastrophe Indices and Quantification

News AdjustersClaimsInsurance

Flood report: The city that saw a month’s worth of rain in under three hours

August 8, 2018 by Jason Contant

A “pocket storm” that dumped a month’s worth of rain on the City of Toronto in less than three hours Tuesday night has resulted in mostly sewer back-up and flooding claims, with few commercial losses, according to claims adjuster ClaimsPro.

News AdjustersClaimsInsuranceMarkets / CoveragesRestoration

How much it cost the industry when baseball-sized hail hit western Canada

July 23, 2018 by Jason Contant

A severe storm that affected parts of Saskatchewan and Manitoba in mid-June resulted in more than $90 million in insured damage, according to data released by Catastrophe Indices and Quantification Inc. (CatIQ). Strong winds and large hail – in some

News ClaimsInsuranceMarkets / Coverages

Violent storms leave thousands without power in Quebec

July 3, 2018 The Canadian Press

MONTREAL – More than 15,000 homes and businesses in Quebec were still without power and air conditioning this afternoon following violent storms. As of 2 p.m., 15,234 Hydro-Quebec customers were blacked out, mainly due to fallen trees and branches on

News Claims

Toronto’s Eaton Centre mall springs a leak after rain storm

June 14, 2018 The Canadian Press

TORONTO – Even the iconic Eaton Centre mall wasn’t a refuge from the rain as a storm rolled through downtown Toronto on Wednesday afternoon. Numerous people posted videos on Twitter as water poured from the ceiling of the shopping centre.

News CatastrophesClaims

Insurers consider weekend storm in Ontario Cat event

April 16, 2018 by Greg Meckbach

Recent severe weather in Ontario, with six inches of ice pellets and winds exceeding gale force in some areas, will most likely be a CAT event, insurance companies report. But with rainfall warnings persisting Monday, one insurer reported more than