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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

News CatastrophesClimate Change

Third Nor’easter in two weeks pummels Atlantic Canada

March 14, 2018 Michael Tutton - THE CANADIAN PRESS

HALIFAX –  A small steeple that’s a part of Halifax’s urban landscape toppled early Wednesday in a fierce winter storm that left thousands of Maritimers facing power outages, school closures and flight cancellations. Rev. Betsy Hogan, the minister at the

News CatastrophesInsuranceMarkets / Coverages

Was Atlantic winter storm 2018’s first cat event?

January 16, 2018 by Jason Contant

A winter storm that caused storm surges and extensive power outages in Atlantic Canada in early January may not have been a catastrophe event, but it was definitely significant, Catastrophe Indices and Quantification Inc. (CatIQ) told Canadian Underwriter Monday. CatIQ

News InsuranceMarkets / Coverages

What Canada’s largest city is doing to help reduce flood insurance claims

January 10, 2018 by Greg Meckbach

As climate experts forecast more frequent extreme rain events, Toronto is working towards protecting properties by modernizing its storm drainage system. With its Basement Flooding Protection Program, Toronto’s city government brought in a new standard of accommodating a one-in-100-year storm

News ClaimsInsuranceMarkets / Coverages

Fierce storm causes storm surges, extensive power outages in Atlantic Canada

January 8, 2018 Alison Auld - THE CANADIAN PRESS

HALIFAX – Work crews were fanning out across parts of Atlantic Canada on Friday after a fierce winter storm blasted the region with hurricane-force winds that flooded coastal roads, knocked out power and lashed waterfronts with surging seas. Tens of

News CatastrophesClaimsClimate ChangeMergers and Aqcuisitions

Standard would help enhance flood resilience of new communities: report

September 26, 2017 by Angela Stelmakowich

Research out of the University of Waterloo recommends a Canadian standard for new flood-resilient residential communities, one that employs almost two dozen best practices, be developed to bolster protection and reduce water-related losses. Requiring that new homes not be built

News CatastrophesClaimsClimate ChangeInsuranceMergers and AqcuisitionsProfessional DevelopmentReinsuranceTechnology

Free online offering hopes to bolster catastrophe modelling understanding

September 5, 2017 by Canadian Underwriter

What has been described as the first free and neutral open online catastrophe modelling course was launched today to help those working in climate change and disaster loss mitigation, academia and insurance better understand the use of models in nat-Cat