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How this year’s CAT losses are trending

July 3, 2019 by Adam Malik

Canada is well on its way to cracking the $1-billion threshold in insured catastrophe losses yet again as we enter the second half of 2019. Catastrophe Indices and Quantification (CatIQ) told Canadian Underwriter Wednesday that the estimated catastrophic insured loss

News Insurance

New money aims to help municipalities boost flood resilience

June 27, 2019 THE CANADIAN PRESS

BRACEBRIDGE, Ont. – Ontario is launching a $1-million pilot project to help communities protect against effects of extreme weather after several in central and eastern parts of the province saw flooding this spring. The government has already activated a disaster

News CatastrophesClaimsClaims Canada

Waist-deep flooding hits this prairie city

June 19, 2019 THE CANADIAN PRESS

SWIFT CURRENT, Sask. – People in a small southwestern Saskatchewan city are cleaning up after a sudden dump of rain caused parts of the downtown to be flooded. It’s been dry in Swift Current for months, but that all changed

News InsuranceRiskTechnology

This social media risk lacks a mainstream insurance product

June 12, 2019 by Greg Meckbach

Want to place insurance that covers a client whose revenue suddenly plummets because of a disinformation campaign? This might be easier said than done, but one commercial insurer with a Canadian branch is hoping to change this. Right now, there

News ClaimsInsurance

Spring flooding not sinking cottage markets in Ontario, Quebec: report

June 7, 2019 Ross Marowits - THE CANADIAN PRESS

TORONTO – Spring flooding has failed to sink Ontario and Quebec’s cottage real estate markets, according to Royal LePage’s annual recreational property report. Parts of Quebec cottage country were inaccessible for weeks because of road closures and some Ontario properties

News Claims

Welcome to the new era of online flood maps

June 6, 2019 by Greg Meckbach

The organization responsible for flood risk mitigation in and near Kitchener, Ont. is contemplating enabling online access to maps that would let some clients see whether they are in a high-risk flood zone. For the Grand River Conservation Authority (GRCA),

News CatastrophesClaimsClaims Canada

Ottawa’s spring floods put last round of repairs to the test

June 6, 2019 Christian Paas-Lang - THE CANADIAN PRESS

OTTAWA – A new round of repairs is in store for pathways around Parliament Hill, after the second major flood in three years. Water levels on the Ottawa River remain a metre above normal and crews working for the National

News CatastrophesClaims

How budget cuts will affect flood risk mitigation

June 5, 2019 by Greg Meckbach

Flood risk mitigation in Ontario could start to depend a lot more on the willingness of corporations and individuals to donate money to the conservation authorities. “The conservation authorities are going to have to make a better case for outreach

News BrokersInsuranceMarkets / Coverages

Brokers concerned about blanket approach to binding authority restrictions

May 31, 2019 by Jason Contant

With wildfires raging in northern Alberta and Ontario, brokers are reporting some funky outcomes associated with insurers’ binding authority restrictions. Under the restrictions, brokers cannot bind coverage in areas under civil authority, forest fire alerts, flood alerts and certain earthquake

News Insurance

Guess who’s in the flood prevention business now

May 30, 2019 by David Gambrill

We’ve seen forensic engineering firms apply remediation methods to commercial and residential properties that were affected by flood damage. But now, as flooding has become more severe, they are in the vanguard of building comprehensive and tailored flood prevention and

News CatastrophesClaims

Where wildfire and flood risk is higher this summer

May 27, 2019 David Friend - THE CANADIAN PRESS

The weather this summer could be starkly different across the country, according to the latest long range forecast from The Weather Network. Chief meteorologist Chris Scott predicts the wet weather that Ontario and Quebec have experienced in May will continue

News Commercial LinesInsuranceRestoration

This restoration contracting acquisition should close by summer

May 24, 2019 by Greg Meckbach

FirstOnSite and Paul Davis will have the same corporate owner if a deal announced Thursday goes through but will operate separately from one another. FirstOnSite Restoration Limited announced May 23 that its corporate parent, Global Restoration Holdings LLC, agreed to