Canadian Underwriter

News Insurance

Why water damage claims cost the industry more each year than severe weather claims

September 14, 2020 by Adam Malik

Water is the primary reason for rising commercial property claims costs and experts are putting the blame squarely on one major issue: Deteriorating infrastructure. Some industry experts say a sharp increase in water damage caused by aging and inadequate pipes

News ClaimsClaims CanadaLegalLegislation / RegulationRestoration

Flood repair: Why this condo owner had to pay strata fees for an uninhabitable unit

August 28, 2020 by Greg Meckbach

A British Columbia resident who had to move out for nearly six months for flood restoration work still has to pay his monthly fees to the strata corporation, the B.C. Civil Resolution Tribunal has ruled. Ye Yuan said that from

News Claims CanadaInsurance

What the court said when “surface water” appeared in the policy exclusion, but not in the flood endorsement

July 31, 2020 by Greg Meckbach

The Co-operators has to pay a Mississauga banquet hall facility nearly $1 million – about double the amount it originally paid on a sewer backup policy – for losses arising from an historic 2013 rain storm, the Court of Appeal

News Insurance

The other financial hit your commercial client takes after a flood

July 29, 2020 by Adam Malik

FM Global is raising concerns about companies that don’t practice flood mitigation on their properties, warning that flooding perils decrease an organization’s value by 5% a year after the event. Investors will have their confidence shaken regarding the company’s decision-making

News Insurance

Flood warnings issued as B.C.’s major rivers surge, rainfall continues

July 3, 2020 Amy Smart - THE CANADIAN PRESS

VANCOUVER – Heavy rainfall has caused rivers to surge across much of British Columbia, washing out roads and putting many communities on alert. The River Forecast Centre has issued flood warnings, its highest alert, for the areas around the upper

News CatastrophesClaims

Dam threatened by water levels in rural Manitoba, some residents evacuate

July 2, 2020 THE CANADIAN PRESS

RIVERS, Man.  – A rural Manitoba mayor says some people and livestock have been evacuated from his community because high water levels are threatening a dam. Rural Municipality of Riverdale Mayor Todd Gill says 38 households in the Little Saskatchewan

News ClaimsClaims CanadaLegalRestoration

How this fumbled washing machine installation led to $54,000 basement flood

June 19, 2020 by Greg Meckbach

For want of a wrench, the basement was lost. This would be one way of summing up the Provincial Court of Alberta’s ruling in Kuerbis v Broderson, which should provide food for thought to brokers placing coverage for commercial clients

News CatastrophesClaims

Roads flooded, some homes evacuated as rain pummels southeast Manitoba

June 9, 2020 THE CANADIAN PRESS

STUARTBURN, Man. – Heavy rain in southeastern Manitoba has flooded roads and forced people out of some homes. David Kiansky, reeve of the Rural Municipality of Stuartburn, says the water rose up suddenly and covered a lot of farmland and

News CatastrophesClaimsClaims Canada

Flood warnings expand for part of B.C., but conditions ease elsewhere

June 1, 2020 THE CANADIAN PRESS

Flood warnings now cover a large section of southern British Columbia as river levels rise rapidly in response to heavy weekend rains and continuing snowmelt. The River Forecast Centre extended a flood warning Monday to the Boundary region, including the

News CatastrophesClaimsClaims CanadaInsurance

Fort McMurray homeowners clean up as insurance questions linger after flooding

May 11, 2020 THE CANADIAN PRESS

FORT MCMURRAY, Alta. – Cora Dion’s voice echoes as she films a video showing what’s left in the basement of her home in downtown Fort McMurray after several days of flood cleanup. The couch and chair are in the garbage.

News AdjustersCatastrophesClaimsClaims CanadaInsurance

How this reinsurer views property risk in Fort McMurray

May 4, 2020 by Greg Meckbach

Some properties affected by the current flooding in Fort McMurray, Alberta, were also affected by the massive wildfire in 2016 but despite the multiple tragedies, the properties are still considered insurable. “Property in the town of Fort McMurray, Alberta is

News CatastrophesClaimsClaims CanadaEngineering

Report recommends measures to avoid repeat of flooding in Quebec community

May 4, 2020 Stephanie Marin- THE CANADIAN PRESS

MONTREAL – A report into the rupture of a dike in Ste-Marthe-sur-le-Lac, Que., during spring flooding last year suggests several problems including a lack of awareness among the population about the associated risks of living in the area. The report