Canadian Underwriter


News Catastrophes

One in 1,000-year flood happening in Quebec

April 26, 2019 Giuseppe Valiante and Stephane Blais - THE CANADIAN PRESS

MONTREAL – Quebec public security officials called for the immediate evacuation of an area along the Rouge River west of Montreal on Thursday because of the risk a hydro dam could fail. Simon Racicot, director of production and maintenance with

News Catastrophes

Lake levels continue to rise near Bracebridge: mayor

April 25, 2019 THE CANADIAN PRESS

BRACEBRIDGE, Ont. – The mayor of a small town in central Ontario’s cottage country says water levels in two nearby lakes have now exceeded those last seen during devastating flooding in 2013, and the weather forecast is “not promising.” Bracebridge

News Catastrophes

Rising Saint John River frustrating swath of southern New Brunswick

April 24, 2019 Kevin Bissett - THE CANADIAN PRESS

FREDERICTON – Thane Mallory says the picturesque water view out the back window is what keeps him going back every day to Gulliver’s World Cafe, his restaurant in Gagetown, N.B. “I wake up every morning and look out the back

News InsuranceMarkets / Coverages

Is the industry taking a consistent approach to overland flood coverage?

April 23, 2019 by Jason Contant

Are carriers taking a consistent approach to covering overland flood? The flood waters sweeping across New Brunswick and Quebec have brought the issue to the forefront. In general, overland flood was not covered in Canada until 2015; only sewer backup

News ClaimsInsurance

Spring melt floods thousands of Quebec homes

April 22, 2019 by Jason Contant

Nearly 2,400 homes in Quebec have been flooded following the spring melt in the province, according to statistics released early Monday morning by the provincial government. The flooding has resulted in the evacuation of more than 1,500 residents. The city

News CatastrophesInsurance

Flooding fears persist in Quebec town after worst deluge in 48 years

April 17, 2019 THE CANADIAN PRESS

BEAUCEVILLE, Que. – A Quebec town that this week suffered its worst flooding in nearly 50 years is fearing more damage as rain is forecast in the coming days. Officials in Beauceville, about 90 kilometres south of Quebec City, say

News ClaimsInsurance

How insurers can turn their salvage into social purpose

April 17, 2019 by Jason Contant

If your client has filed a claim after experiencing a major event like a flood or fire, it’s likely that contractors have removed salvageable materials that are still usable. For example, in the event of a kitchen flood, contractors may

News AdjustersBrokersClaimsClimate ChangeInsurance

How brokers can stop a flooded basement

April 16, 2019 by David Gambrill

A recent study suggests brokers have a golden opportunity to talk to homeowners one-on-one about how to protect homes from basement floods. With the right information and often for less than $500, homeowners can protect themselves from the increasing risks

News ClaimsClimate Change

Feds to relocate Ontario First Nation community that was built in a flood plain

April 16, 2019 Kristy Kirkup - THE CANADIAN PRESS

OTTAWA – The pain of spring flooding at a First Nation in northern Ontario is hitting harder this year, as government promises for a permanent new location remain far from reality. Starting on Monday, more than 2,500 members of the

News Catastrophes

The change to disaster mitigation funding that IBC is looking for

April 10, 2019 by Greg Meckbach

The insurance industry needs to ensure its own flood risk maps are widely available and the federal government needs to make it easier to spend money on disaster mitigation projects, says Insurance Bureau of Canada CEO Don Forgeron. The federal

News ClaimsRisk

The liability risk from climate change

April 9, 2019 by Greg Meckbach

Large companies face liability risk if they emit greenhouse gas emissions, and shareholders are asking directors and officers what they are doing about climate-related risks, a speaker suggested at a recent insurance conference in Toronto. Panelists at the Property and

News ClaimsInsuranceLegal

Does a business have to highlight a waiver of liability to a client?

April 4, 2019 by David Gambrill

A flood in an Alberta community centre flood has once again raised the legal issue of whether a claimant is obligated to read a commercial services contract thoroughly, or whether the defendant is obligated to highlight any waiver of liability